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SmarTrend Watching for Potential Pullback in Shares of Armstrong World After 1.44% Gain

By Shiri Gupta

Armstrong World (NYSE:AWI) traded in a range yesterday that spanned from a low of $66.05 to a high of $67.15. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $66.45 on volume of 187,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Armstrong World share prices have moved between a 52-week high of $67.00 and a 52-week low of $43.77 and are now trading 53% above that low price at $66.97 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.6%.

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: rebounders armstrong world

Ticker(s): AWI