6x Risk to Reward Ratio on BXC - Watch for May 1st Earnings

BXC's Risk to Reward Ratio is x6
BXC's May 1st earnings should be watched before deciding a position based on Fib support points.


Recent News
BlueLinx Names Mike Wilson Chief Commercial Officer - April 2nd, 2024

5-Point Inspection by OnePunchman:

1. Free Float shares‪‪: 8.3M‬‬ - Positive
   
2. Cash & equivalents: 521 M‬‬ - Positive
   
3. Debt: 617M‬‬ - Positive
   
4. Last Quarter Revenue: $712M - Positive compared to Cash in hand and Free Float
   
5. EPS $5.32 - Positive
   

Buy Alert done by Fibonacci retracement levels:

• Price: $106.17
  
• Entire Position Stop Loss: $103.83
  
• 1st Take Profit: $119.18 (I would sell 100% of my holdings here) - Risk to Reward Ratio is x6