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Armstrong World Bearish Moving Average Crossover Alert (AWI)

By James Quinn

Today, shares of Armstrong World (NYSE:AWI) have crossed bearishly below their 10-day moving average of $60.27 on a volume of 257K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Armstrong World share prices have been bracketed by a low of $36.33 and a high of $64.60 and are now at $59.45, 64% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Armstrong World and will alert subscribers who have AWI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses armstrong world

Ticker(s): AWI