One of today's notable stocks in decline is American Woodmark (NASDAQ:AMWD), down 2.7% to $34.20. The Dow Jones Industrial Average is now trading fractionally lower to 15,066 and the S&P is trading fractionally lower to 1,626.
American Woodmark has overhead space with shares priced $34.20, or 5.0% below the average consensus analyst price target of $36.00. The stock should find initial support at its 50-day moving average (MA) of $33.10 and further support at its 200-day MA of $26.35.
American Woodmark share prices have moved between a 52-week high of $36.68 and a 52-week low of $15.46 and are now trading 121% above that low price at $34.20 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 0.8%.
American Woodmark Corporation manufactures kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers a wide variety of cabinet lines differing by design, material, and finishes. American Woodmark's products are sold throughout the United States through independent distributors and directly to home centers, builders, and home manufacturers.