Making Higher Highs: ASX Stock Reece Having a Great Run

Aussie company Reece has been having a great run over the last 12 months continually making higher highs through the year to be up just under 150% in price - while still a low $20 stock.

The Australian building boom doesn't look like it will slow down any time soon, so Reece could be well worth a watch for a while to come.

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How to: For people who like to keep a fairly tight trailing stop loss a setting of around 12% would seem to keep you in the trade for most of the year with only a few stop outs throughout the year.

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Stocks consolidating around this price hopefully building a new base from which to move up from which is a good sign.

Ill be waiting to see the MACD start to turn positive and volume come back in before making any decisions. Does need to hold this support area though.

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How To: Trailing Stop Loss - You can see a super tight trail of around 9% would have kept you in Reece for most of this period. Be interesting to see what happens with earnings not too far off. Price seems to be consolidating at the moment.

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Still largely moving sideways coming up to earnings. Could argue it has broken out a little. Not much happening though at the moment.