America Electric Technologies - Barchart's Chart of the Day

Summary:

American Electric Technologies (AETI) is the Chart of the Day.  The computer installation products provider is beginning to get noticed by Wall Street and investors alike.  The stock had 18 new high and is up 21.61% in the last month.

Article:

The Chart of the Day is American Electric Technologies (AETI).  In the past month the stock hit 18 new highs and is up 21.61%.  The Relative Strength Index is 74.89%.  I found the stock by sorting the New High List for frequency.

The company manufactures patented zone cabling and wireless enclosures that mount in ceilings, raised floors, and in custom furniture, for routing of telecommunications cabling, fiber optics and wireless solutions to the office desktop. The concept of zone cabling reduces costs for initial network installation and facilitates moves, adds, changes and upgrades for the network installations of today and tomorrow. Its Omega Metals division manufactures its proprietary products, and also employs state-of-the-art metal fabrication and finishing techniques to public and private companies and U.S. government contractors.

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 21.61% in the last month
• Relative Strength index 74.89%
• Barchart computes a technical support level at 6.98
• Recently traded at 7.09 with a 50 day moving average of 6.17

Fundamental factors:

• Market Cap $56.5 million
• P/E 16.74
• Analysts estimate earnings will increase by 164.60% this year, 16.70% next year and continue to increase annually by 19.15% of the next 5 years.
• A Wall Street analysts has issued a strong buy recommendation and in the past few month 4 other form have issued research report on the company.
• Financial Strength B

This stock is gaining attention and some of the movement my be on the hype and not the numbers.  You would be advised to closely watch the moving averages and turtle charts and maintain a moving stop loss near the Barchart support levels.