NEW YORK (TheStreet) -- Armstrong World (AWI - Get Report) , Lennox International (LII - Get Report) , Masco (MAS - Get Report) , Owens Corning (OC - Get Report) and Vulcan Materials (VMC - Get Report) are the five leading non-homebuilder components in the PHLX Housing Index. All five set all-time or multiyear highs on Aug. 18 or on Sept. 17 following the FOMC meeting.

The housing index contains 19 components; 11 homebuilders and eight companies that provide products and services to support the housing market. The homebuilders are profiled in a separate article.


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The housing index has been above its 61.8% retracement level at 202.05 since July 2014, with a multiyear intraday high of 252.20 set on Aug. 18. The 200-week simple moving average at 183.14 is the longer-term uptrend for this index, and the reversion to the mean, last tested the week of Jan. 6, 2012. This is a re-inflating bubble with a key chart resistance: the February 2007 high of 254.91.

Here are the daily charts for these housing sector stocks:

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Armstrong World, the designer of flooring, ceilings and cabinets closed at $54.42 on Thursday, up 6.5% year-to-date, and is 10.3% below its Aug. 18 high of $60.70. The stock suffered a Black Monday setback with a gap open down 5.1%, and at its flash crash low of $53.15 was down 6.9%. The stock is just 2.4% above this low, and is on the cusp of its 200-day simple moving average of $54.42, and is below its 50-day simple moving average of $55.83.

Investors looking to buy Armstrong should place a good-till-canceled limit order to purchase the stock if it drops to $46.08, which will be a key level on technical charts until the end of 2015.

Investors looking to book profits should place a good-till-canceled limit order to sell the stock if it rises to $57.61, which will be a key level on technical charts until the end of 2015.

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Lennox International, the air conditioning and heating company, closed at $123.72 on Thursday, up 30.1% year-to-date. The stock suffered a Black Monday setback with a gap open down 4.7%, and at its flash crash low of $109.79 was down 8.5%. The stock is 12.7% above this low, and is well above its 50-day and 200-day simple moving averages of $118.08 and $108.58, respectively.

Investors looking to buy Lennox should place a good-till-canceled limit order to purchase the stock if it drops to $108.60, which will be a key level on technical charts until the end of 2015.

Investors looking to sell the stock should place a good-till-canceled limit order to sell the stock if it rises to $125.97, which will be a key level on technical charts until the end of September.

 Courtesy of MetaStock Xenith

Masco, the home improvement and building products company, closed at $27.55 on Thursday, up 9.3% year-to-date. The stock suffered a Black Monday setback with a gap open down 5.9%, and its flash crash low of $24.89 was down 6.2%. The stock is 10.7% above this low, and is well above its 50-day and 200-day simple moving averages of $25.78 and $23.70, respectively.

Investors looking to buy Masco should place a good-till-canceled limit order to purchase the stock if it drops to $25.37, which will be a key level on technical charts until the end of 2015.

Investors looking to protect profits should place a good-till-canceled limit order to sell the stock if it rises to $29.82, which is a key level on technical charts until the end of the week.

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Owens Corning, the provider of insulation, roofing and siding, closed at $47.04 on Thursday, up 31.4% year-to-date. The stock suffered a setback on Black Monday with a gap open down 4.9% and its flash crash low of $42.05 was down 6.2%. The stock is 11.9% above this low and is well above its 50-day and 200-day simple moving averages of $44.38 and $40.79, respectively.

Investors looking to buy Owens should place a good-till-canceled limit order to purchase the stock if it drops to $39.59 and $36.21, which are key levels on technical charts until the end of September and the end of 2015, respectively.

Investors looking to reduce holdings should place a good-till-canceled limit order to sell the stock if it rises to $48.37, which will be a key level on technical charts until the end of September.

 Courtesy of MetaStock Xenith

Vulcan Materials, the concrete and cement company, closed at $101.20 on Thursday, up 54% year-to-date, and set an all-time intraday high of $102.65. The stock suffered a Black Monday setback with a gap open down 5%, and its flash crash low of $86.59 was down 5.5%. The stock is 16.9% above this low, and well above its 50-day and 200-day simple moving averages of $93.91 and $83.49, respectively.

Investors looking to buy Vulcan should place a good-till-canceled limit order to purchase the stock if it drops to $89.27, which will be a key level on technical charts until the end of September.

Investors looking to book profits should place a good-till-canceled limit order to sell the stock if it rises to $106.59, which will be a key level on technical charts until the end of September.

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