The Chart of the Day belongs to Burlington Stores (BURL). I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend spotter signaled a buy on 7/17 the stock gained 29.10%.
BURL operates as an off-price apparel and home product retailer. It provides its customers with a selection of fashionable branded product in women's ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods and coats. The Company operates within the United States and Puerto Rico.
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
- 10 new highs and up 18.06% in the last month
- Relative Strength Index 78.57%
- Barchart computes a technical support level at 37.76
- Recently traded at 40.46 with a 50 day moving average of 34.14
Fundamental factors:
- Market Cap $3.00 billion
- P/E 31.65
- Revenue expected to grow 7.00% this year and another 7.00% next year
- Earnings estimated to increase 69.50% this year, an additional 30.40% next year and continue to increase at an annual rate of 33.67% for the next 6 years
- Wall Street analysts issued 3 strong buy, 6 buy and 1 hold recommendation on the stock.
The 50-100 day MACD oscillator has been the best technical indicator to signal entry and exit points on this stock.
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