Monday, March 25, 2013

Sonoco Products (SON) Barchart's Chart of the Day

Summary:

Sononco Products (SON) is the Chart of the Day.  In the last 20 trading sessions the stock advanced 18 times for a 9.82% gain in just the last month.  The Trend Spotter also signals a buy.

Article:

The Chart of the Day is Sononco Products (SON).  In the last quarter the stock advanced in 30 sessions for a 14.72% gain.  In fact in just the last month the stock advanced 18 times for a gain of 9.82%.  The stock has a 96% Barchart technical buy signal.

Sonoco is one of the world's largest manufacturers of packaging materials for industrial and consumer markets. The Company is a producer of recycled paperboard, utilizing more than a million tons of recovered paper annually in its papermaking operations.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 9.82% in the last month
  • Relative strength Index 74.95%
  • Barchart computes a technical support level at 33.93
  • Recently traded at 34.22 with a 50 day moving average of 32.06
Fundamental factors:
  • Market Cap $3.45 billion
  • P/E 15.39
  • Dividend Yield 3.53%
  • Revenue projected to grow 2.50% this year and 2.70% next year
  • Earnings estimated to increase 4.50% this year, another 8.20% next year and continue to increase annually at the rate of 5.13% for the next 5 years
  • Analysts released 2 strong buy, 9 hold and 2 strong sell reports
  • Financial Strength A
Exit strategy:  If you lose 10% from your entry point or the stock drops below its 50 day moving average consider a sale.

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