One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Armstrong Wrld Ind cleared that benchmark Tuesday, with a jump from 80 to 84 Tuesday.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
Armstrong Wrld Ind is working on a consolidation with a 164.40 buy point. See if it can break out in heavy trade. It's a later-stage pattern, and investors should be aware that those are less likely to launch sustained new runs.
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 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.
RELATED:
Which Stocks Are Showing Improved Price Performance?
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!
