Armstrong
World Industries, Inc. engages in the design, manufacture, and sale of
flooring products and ceiling systems in the Americas, Europe, and the
Pacific Rim. The company's Building Products segment produces suspended
mineral fibers, soft fibers, and metal ceiling systems for use in
commercial, institutional, and residential settings. This segment sells
its commercial ceiling materials and accessories to ceiling system
contractors and resale distributors. Armstrong World Industries'
Resilient Flooring segment produces vinyl sheets, vinyl tiles, and
linoleum flooring, as well as sources and sells laminate flooring
products, adhesives, installation and maintenance materials, and
accessories for homes, and commercial and institutional buildings. The
company's Wood Flooring segment offers pre-finished solid and engineered
wood floors, and related accessories for use in new residential
construction and renovation with various commercial applications in
stores, restaurants, and offices. This segment sells its products to
independent wholesale flooring distributors and large home centers.
Armstrong World Industries' Cabinets segment offers kitchen and bathroom
cabinetry, and related products used in the residential new
construction and renovation markets. This segment also provides design,
fabrication, and installation services to single and multi-family
homebuilders, remodelers, and consumers.
To analyze Armstrong's stock for potential trading opportunities, please
take a look at the 1-year chart of AWI (Armstrong World Industries,
Inc.) below with my added notations:
If you look at AWI you will see that the $50 level (navy) was a major
resistance from March up until just last month. After moving sideways
during most of that time, the stock finally broke through that $50
resistance at the end of October. Last week AWI stalled at $55 and has
now pulled back down to the $50 level.
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