Monday, November 01, 2010
Keeping an Eye on Armstrong World Industries (AWI)
By Trader Mark
Flooring maker Armstrong World Industries (AWI) is staging a breakout today from a 2 month base.... normally, I'd be all over this but earnings are Friday which means we have a binary event upcoming soon. That said, it is still very tempting as these long bases usually provide excellent breakouts. If I had 3 day time horizon I'd probably buy here and be out by Thursday as this one looks promising. Just passing it along, and I'll be interested to see what happens with the name Friday.
Armstrong World Industries, Inc. engages in the design, manufacture, and sale of flooring products and ceiling systems
Flooring maker Armstrong World Industries (AWI) is staging a breakout today from a 2 month base.... normally, I'd be all over this but earnings are Friday which means we have a binary event upcoming soon. That said, it is still very tempting as these long bases usually provide excellent breakouts. If I had 3 day time horizon I'd probably buy here and be out by Thursday as this one looks promising. Just passing it along, and I'll be interested to see what happens with the name Friday.
Armstrong World Industries, Inc. engages in the design, manufacture, and sale of flooring products and ceiling systems
