The Chart of the Day is Telefonica SA (TEF). I found the stock by sorting the New High List for frequency. The stock has a Trend Spotter buy, 96% technical buy signals and is up 38.47% in the last 3 months.
It is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. They provide fixed-link public voice telephone, mobile phone service, internet access, data transmission, directories and broadcast media.
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 18.70% in the last month
- Relative Strength Index 86.90%
- Barchart computes a technical support level at 17.70
- Recently traded at 17.96 with a 50 day moving average of 15.21
Fundamental factors:
- Market Cap $81.74 billion
- P/E 14.64
- Dividend yield 4.20%
- Revenue projected to increase .90% next year
- Earnings estimated to grow 11.00% next year
- A foreign stock followed by 1 analyst with a hold recommendation
- Financial strength B
Watch the 100 day moving average for weakness
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