When putting together your watch list, look for stocks with an 80 or higher RS Rating. Armstrong Wrld Ind now meets that criteria, with an increase from 77 to 85 Thursday.
IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their biggest price moves.
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Armstrong Wrld Ind is building a consolidation with a 164.40 buy point. See if the stock can break out in heavy volume. Note that it's a third-stage base. Such patterns do sometimes lead to significant gains, but they're more likely to fail than first- or second-stage consolidations.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 23%, compared to 13% in the prior report. Revenue increased from 11% to 18%. Look for the next report on or around Apr. 29.
The company holds the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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