What is Happening to the Share Price of James Hardie Industries PLC?

What does James Hardie Industries do?

James Hardie Industries [ASX:JHX], is an international building product manufacturer involved in the residential and commercial building industries. JHX’s flagship product is fibre cement, with applications in external siding, internal walls, ceilings, floors, soffits and fences. The principal markets are the US, Australia, New Zealand, the Philippines, Canada, and Europe — UK and France.

That’s interesting, but what is the chart telling us?

What is the chart telling you?

I personally find it helpful to bring up a chart. Here’s the weekly chart of JHX

James Hardie

Source: STEX

The chart is telling you JHX is growing revenue. The share price was up today, taking the company into all-time highs. It has been quite a year for the company, which has not had more than one week down for the first half of 2015.

What now for JHX shares?

This is a strong sector presently which may have several good years ahead.

It is important to note that, it is the US and European arms of the ASX listed James Hardie that dominate group earnings, with 75% of its revenues coming from its US and European fibre cement business. So more broadly, this is telling you about the state of the economies in the US and Europe as well. Whilst this sort of construction is taking place, it is very difficult to forecast recession as some are doing.

All this is fully in accord with our real estate clock. Go here to find out more. You owe it to yourself to obtain this knowledge. You remain at a substantial investment disadvantage without it.

Terence Duffy,

Research Analyst, Cycles, Trends and Forecasts

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Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

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