Advanced Drainage Systems - Barchart's Chart of the Day

Advanced Drainage Systems (WMS) is the Barchart Chart of the Day.  The PVC pipe manufacturer has a Trend Spotter buy signal, a Weighted Alpha of 75.60+ and gained 65.94% over the last year.

The Chart of the Day belongs to Advanced Drainage Systems (WMS).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/26 the stock gained 15.47%.

Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications.

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 signals
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 6.82% in the last month
• Relative Strength Index 70.27%
• Barchart computes a technical support level at 26.37
• Recently traded at 26.80 with a 50 day moving average of 23.92

Fundamental factors:

• Market Cap $1.42 billion
• Dividend yield .62%
• Revenue expected to grow 7.60% this year and another 4.80% next year
• Earnings estimated to compound at an annual rate of 20.10% for the next 5 years
• Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock

The 20-50 Day MACD Oscillator has been a reliable technical trading strategy for this stock and should continue to be used to find entry and exit points.