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Thursday, March 15, 2012

USG

USG is closely related to the home builders, it is in the general building materials industry. With the strength in building related industries, are we to come to the conclusion that housing has bottomed? Probably not, but there is something going on here that should be investigated. Judging by the 200dmma, this one looks like it bottomed in October, and has been slowly but steadily rising since then. Note the big increase in average daily volume starting in January.

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