Armstrong World Industries (AWI) in Focus: Stock Falls 5.5% – Tale of the Tape

October 15, 2014 Technicals 0

Zacks

Armstrong World Industries, Inc. (AWI) saw a big move last session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AWI, as the stock is now down 18.5% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

AWI currently has a Zacks Rank #4(Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the Industrial goods sector include PGT, Inc. (PGTI), Century Aluminum Co. (CENX) Worthington Industries, Inc. (WOR). All these stocks hold a Zacks Rank #1 (Strong Buy).

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