Armstrong is currently trading  almost as the historical high with PE=15 which is fair value compared to past 3 years average of 16.2. There is no catalyst to move the stock price higher unless there is earning surprises or some big good news of this company.

Fundamentally the company is OK base on FY2009 Financial Report:

• Net Profit Margin = 8%
• ROA = 9.4%
• ROE = 15%
• Current Ratio = 2.3

Armstrong will probably be trading in a sideway from both technical and fundamental perspective.