When building your watch list, look for stocks with an 80 or higher RS Rating. Armstrong Wrld Ind just met that criteria with a new score of 81.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of above 80 as they launch their biggest price moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
While the stock is not near an ideal buy point right now, see if it is able to form and break out of a proper base.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 13% to 23%. Revenue rose from 11% to 18%.
The company holds the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Mueller Water Products is the top-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.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
