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Barchart

Will Ashworth

This Stock Just Hit Its 29th New 52-Week High. Here’s What Claude Says the Pros and Cons Are of Buying Now.

AZEK James Hardie JHX United States Barchart James Hardie Industries

The NYSE had 52 stocks hitting new 52-week highs on Tuesday and 99 hitting new 52-week lows. Among the stocks hitting new 52-week highs was James Hardie Industries (JHX).

JHX hit its 29th new 52-week low of the past 12 months yesterday at $31.43. Its shares are up 53% over the past year. If you’re a momentum investor, JHX might meet your fancy as a stock to buy.

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