Beacon Roofing Enters Oversold Territory – Tale of the Tape

Beacon Roofing Supply, Inc.’s (BECN) share price has entered into oversold territory with a stochastic value of 9.409. The Zacks Consensus Estimate on the company’s earnings for September 2011 increased by a penny over the past two months to $1.06 per share. Beacon Roofing Supply is a Zacks #2 Rank (“Buy”) company.