$PGTI Rallies After Masonite's $3 Billion Deal

PGT Innovations stock rallies into record territory after Masonite’s $3 billion cash-and-stock buyout deal.

Technical Analysis
PGT Innovations shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing.
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.

Price Momentum
NYSE:PGTI is trading near the top of its 52-week range and above its 200-day simple moving average.