On Wednesday, Armstrong Wrld Ind earned a positive adjustment to its Relative Strength (RS) Rating, from 76 to 83.
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IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Armstrong Wrld Ind is working on a consolidation with a 164.40 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
Armstrong Wrld Ind showed 20% EPS growth last quarter. Revenue rose 17%.
Armstrong Wrld Ind holds the No. 2 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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