Armstrong World Industries Is a Stock to Watch

November 2nd, 2010 | Posted by Global Investors

Flooring maker Armstrong World Industries (AWI) is staging a breakout 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

Author’s Disclosure: No position

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