The stock has enjoyed a 18.90% price increase in the last month. In the last 20 trading sessions the stock increased on 19 days and this week was 5 for 5. A 96% Barchart technical buy rating was signaled with 12 of 13 technical indicators a buy.
Wall Street brokerages like it too with 9 buy and 9 hold ratings. Sales are expected to increase 3.2% this year and 6.5% next year. Earnings are estimated to increase 2.2% this year plus 26.3% next year with a 5 year compounded growth rate of 10.08% for the next 5 years.
Investor sentiment is also high with investors voting 308 to 140 that the stock will out perform the market. Experienced investors agree 107 to 31.
As a side the last 19 articles about MAR have been favorable 18 to 1.
The stock trades at 34.02 with a 50 day moving average of 28.99.
The stock has my criteria:
- New highs in 19 of the last 20 trading sessions
- Wall Street brokerages predicting increased sales and earnings with buy recommendations
- Positive investor sentiment
- Wall Street columnists giving the stock positive press
Thats interesting criteria to use and pretty complex. I like barchart.com but it seems that most of their 100% stocks are pretty illiquid. I use it but I prefer to trade in stocks that trade at least 500K shares/day which obviously MAR qualifies.
ReplyDeleteHave you ever used the 100% stocks (http://barchart.com/stocks/signals/top100)as a buylist for investing/trading? I'm just curious if you think that would be a good strategy.
Sid