Wednesday, April 8, 2015

Atlas Financial Holdings - Barchart's Chart of the Day

Atlas Financial Holdings (AFH) is the Barchart Chart of the Day.  The automotive insurance company has a Trend Spotter buy signal, a Weighted Alpha of 36.60+ and gained 30.19% in the last month.

The Chart of the Day belongs to Atlas Financial Holdings (AFH).  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 3/12 the stock gained 5%.

Atlas Financial Holdings Inc. provides commercial automobile insurance policies primarily in the United States through its subsidiaries. The company provides insurance coverage to taxi cabs, non-emergency para-transit, limousine/livery and business auto.

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 web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 0, 50 and 100 day moving averages
  • 4 new highs and up 8.75% in the last month
  • Relative Strength Index 69.36%
  • Barchart computes a technical support level at 17.49
  • Recently traded at 18.99 with a 50 day moving average of 17.64
Fundamental factors:
  • Market Cap $219.88 million
  • P/E 16.82
  • Revenue expected to grow 36.60% this year and another 30.19% next year
  • Earnings estimated to increase by 66.60% this year and an additional 35.10% next year
  • Wall Street analysts issued 3 strong buy and  buy recommendations on the  stock
None of the normal technical trading strategies have been reliable on this stock so I would use a moving stop loss at 10% below the most recent high

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