Yadkin Valley Financial Corp (YDKN) is the Chart of the Day. Although the Carolina regional bank is small it has attracted the attention of 6 Wall Street analysts. The stock has both a Trend Spotter buy signal and 100% Barchart technical buy signals. In the past year the stock gained 87.05%.
Article:
The Chart of the Day is Yadkin Valley Financial Corporation (YDKN). In the last month the stock hit 16 new highs and is up 21.50%. The Relative Strength Index is 87.42%. I found the stock near the top of the New High List when sorted for frequency.
The Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses. It operates primarily in North Carolina and South Carolina.
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
- 16 new highs and up 21.50% in the last month
- Relative Strength Index 87.42%
- Barchart computes a technical support level at 12.95
- Recently traded at 15.20 with a 50 day moving average of 12.72
Fundamental factors:
- Market Cap $218.58 million
- Revenue projected to grow 9.40% this year and another 2.20% next year
- Earnings estimated to increase by 165.30% this year, 12.20% next year and continue to increase by 5.00% annually for the next 5 years
- Wall Street analysts issued 2 buy and 4 hold recommendations to their clients
You can play this stock 1 of 2 ways. Buy and hold with the hope it will be gobbled up by a larger regional at a premium or watch the moving averages and bail if the price reverses below its 100 day moving average.
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