Market insights
Woodwork playFalling wedge after h & s.
Rsi divergence.
Swing set up but i may wait for lower entry.
Will consider entry towards 68 maybe even lower.
Earnings in September so we will wait to see how this plays out. Lumber was interesting this year.
Cabinets?! The real estate market has been benefiting from low mortgage rates, and companies like American Woodmark should succeed well after a vaccine is out. From a pure technical perspective, there are a few things that make AMWD’s chart an attractive set up. A MACD buy signal convergence is possibly forming, which I could possibly be confirmed, by the price action maintaining support on the 20-day MA on the Bollinger Bands. If we can maintain this, there is a chance AMWD can break out.
AMWD needs to break 98.44 for a chance at the 100’s. 98.44 as resistance seems to be confirmed based off the volume shelf. Next level is 105.35, with a possible upside of 116.24.
AMWD has built an uptrend like most companies have since March. However, companies involved in real estate/housing retail seem to have higher upside as opposed to other “stay at home” plays. I am purely looking at this from a technical perspective and I think AMWD has a better set up in those regards than it’s competitors such as – Wayfair ($W), Restorative Hardware ($RH), Fortune Brands (BHS), FirstService (FSV)
AMERICAN WOODMARK CORP now is in buy situationHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. AMERICAN WOODMARK CORP is in an uptrend, it is likely that it will turn around to start rising again.
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American Woodmark (AMWD) Radical EPS Forecast HikesAmerican Woodmark (AMWD) has had the EPS forecast hiked from $0.55 just 30 days ago, to $0.57 within the last few days.
The EPS has increased by +150% quarter over quarter and revenue has been uptrending for 5 years now.
The stock has been in an uptrend since June of 2014 and it continues to power higher on the catalyst that improved home sales and remodeling will continue as the U.S. economy slowly improves.
What's equally impressive is that the company continues to improve gross margin.
The company sits on a $162 million pile of cash, with only $21.7 million in debt.
The stock trades in the Home Furnishings and Fixtures industry which is on fire right now.
Source: www.guerillastocktrading.com
