Wet Seal (WTSL) is the Chart of the Day. This popular apparel and accessories retailer has had 9 new highs and advanced 24.29% in just the last month. Wall Street has already discovered the stocks and issued positive recommendations.
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The Chart of the Day is Wet Seal (WTSL). The stock has the backing of Wall Street analysts and both 100% technical buy signals as well as a Trend Spotter buy signal. Since the Trend Spotter signaled a buy on 4/11 the stock is up almost 36%. I found the stock by sorting the New High list for technical buy signals.
It is a nationwide specialty retailer of fashionable and contemporary apparel and accessory items designed for consumers with a young, active lifestyle. The company operates stores under the following names: Contemp Casual; Wet Seal; Arden B. ; and Limbo Lounge. The company also operates a catalog and an e-commerce under Blue Asphalt brand name.
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:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 24.29% in the last month
- Relative strength Index 88.03%
- Barchart computes a technical support level at 3.77
- Recently traded at 3.94 with a 50 day moving average of 3.16
Fundamental factors:
- Market Cap $353..06
- Revenue projected to increase by 8.50% next year
- Revenue estimated to increase 72.70% this year, 316.70% next year and continue to compound at the rate of 48.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 2 hold recommendations on this stock
- Financial Strength B
Exit if the stock drops below its 50 day moving average.
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