This Stock is in a Powerful Uptrend


Today’s chart offers the latest proof that the housing market is alive and well…

Regular DailyWealth readers know that Steve has been bullish on housing since the bottom of the bust. Today, he believes that we’re in the middle innings of this new real estate boom, with plenty of upside left.

Recently, we discussed how low inventory levels have played into this trend, sending prices higher and boosting homebuilder stocks.

Another indicator we look at is the performance of cabinet-maker American Woodmark (AMWD).

American Woodmark is a leading manufacturer of kitchen and bath cabinets… And its success can tell us a lot about the state of the housing market.

The company’s sales have nearly doubled over the past five years. And its share price is in a powerful uptrend…

You can see this on the chart below. Shares of AMWD are up nearly 450% over the past five years… And they recently hit a new all-time high. Steve’s bullish stance on housing continues to be the right call…

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Source: Daily Wealth’s Market Notes