Falling 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.
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...
Hey 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) 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...
