Armstrong World Industries, Inc. (AWI) – Bullish Trigger, Target = $75.20
This report outlines the trigger of a bullish continuation pattern that signaled a continuation of the predominant uptrend and significantly higher prices. It depi cts a retest and hold of key support that added confidence to the trigger. A buy opportunity is highlighted, and money management objectives are outlined, including target and protective stops.
Armstrong World Industries is a producer of ceiling systems for use primarily in the construction and renovation of commercial and residential buildings. The company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal). The company's segments are: Mineral Fiber, which produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings and includes its joint venture, Worthington Armstrong Venture, that manufactures suspension system (grid) products and ceiling component products; and Architectural Specialties, which produces and sources ceilings and walls for use in commercial settings.
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