NEW YORK (TheStreet) -- The PHLX Housing Index contains 19 companies, including 11 homebuilders and eight companies that provide products and services that support the housing market, and it has a year-to-date gain of 4.1% beating the S&P 500, which is down a fractional 0.2%.

Let's look at the weekly chart for the housing index and provide performance measures for five components. These year-to-date gains for these stocks are 15% for Vulcan Materials (VMC - Get Report) , 11% for Owens Corning (OC - Get Report) , 6.6% for Lennox International (LII - Get Report) , 3.0% for Masco (MAS - Get Report) and 0.5% for Armstrong World (AWI - Get Report) .


Courtesy of MetaStock Xenith

The weekly graph for the housing index (223.80) focuses on the Fibonacci Retracement of the popped housing bubble, which saw this index decline 82% to a low of 54.31 in March 2009, from 293.66 in July 2005. The housing index has been above its 61.8% retracement at 202.05 since last July, with a multiyear intraday high of 225.67 set on Jan. 13, helped by the components profiled below.

Vulcan Materials ($75.23): The concrete and cement company is trading well above its 50-day and 200-day simple moving averages of $67.26 and $63.77, respectively and traded at a multiyear intraday high of $76.98 on Feb. 6. The company reported quarterly results on Feb. 5 and beat analysts earnings-per-share estimates by 6 cents, earning 31 cents.

The weekly chart for Vulcan is positive but overbought with its key weekly moving average at $69.15. Its 200-week SMA is at $50.27.

Investors looking to buy Vulcan should enter a good 'til canceled limit order to buy weakness to a key quarterly technical level at $66.45. Investors looking to book profits should consider using a sell stop on a weekly close below the key weekly moving average at $69.15 and rising each week.

Owens Corning ($39.82): The provider of insulation, roofing and siding is trading above its 50-day and 200-day SMAs of $36.69 and $36.32, respectively, and traded as high as $40.57 on Jan. 29. The company reports quarterly results before the opening bell on Feb. 11, and analysts expect Owens Corning to earn 42 cents a share.

The weekly chart for Owens Corning is positive but overbought with its key weekly moving average at $37.64. Its 200-week SMA is at $35.67.

Investors looking to buy Owens Corning should enter a good 'til canceled limit order to buy weakness to a key annual technical level at $30.62. Investors looking to book profits should enter a good 'til canceled limit order to sell strength to key semiannual technical levels at $40.34 and $40.54.

Lennox International ($101.19): The air conditioning and heating company is trading above its 50-day and 200-day SMAs of $96.02 and $87.94, respectively, and set an all-time intraday high of $101.97 on Feb. 5. The company reported quarterly results on Feb. 2 and beat analysts estimates by 2 cents, earning $1.02 a share.

The weekly chart for Lennox International is positive but overbought, with its key weekly moving average at $96.55 and its 200-week SMA at $61.96.

Investors looking to buy Lennox International should enter a good 'til canceled limit order to buy weakness to key semiannual and annual technical levels at $87.22 and $85.28, respectively. Investors looking to book profits should enter a good 'til canceled limit order to sell strength to a key quarterly technical level at $111.

Masco ($26.05): The home improvement and building products company is trading above its 50-day and 200-day SMAs of $24.83 and $22.83, respectively, and set a multiyear intraday high of $26.37 on Feb. 4. The company reported quarterly results before the opening bell today with a 4 cents a share earnings beat of analysts' expected 20 cents a share.

The weekly chart for Masco will shift to positive, given a weekly close above its key weekly moving average at $24.90. Its 200-week SMA is at $17.43.

Investors looking to buy Masco should enter a good 'til canceled limit order to buy weakness to a key semiannual technical level at $24.65. Investors looking to book profits should enter a good 'til canceled limit order to sell strength to a key quarterly technical level at $28.34.

Armstrong World ($51.18): The designer of floors, ceilings and cabinets is trading between its 50-day SMA of $50.49 and its 200-day SMA of $52.89, after trading as high as $55.16 on Jan. 13. The company reports quarterly results before the opening bell on Feb. 23, and analysts expect Armstrong World to earn 29 cents a share.

The weekly chart for Armstrong World will shift to negative, given a weekly close below its key weekly moving average and 200-week SMA of $50.74 and 49.64, respectively.

Investors looking to buy Armstrong World should enter a good 'til canceled limit order to buy weakness to a key annual technical level at $46.08. Investors looking to reduce holdings should enter a good 'til canceled limit order to sell strength to key quarterly and semiannual technical levels at $57.09 and $57.98, respectively.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.