Construction Partners, Inc. (ROAD)

Construction Partners, Inc. is trading at $114.07, down 5.31% on the session. The 50 day average sits at $110.77 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 61.5, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $108.73 with resistance near $122.39, so that band frames the current range. Average daily movement is roughly $6.09, or about 5.3% of the share price, which is what any stop placement has to allow for. The overall health score of 57 out of 100 combines a trend score of 48, momentum of 88 and a risk score of 28.

Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.