Thursday, April 9, 2015

Chemtura - Barchart's Chart of the Day

Chemtura (CHMT) is the Barchart Chart of the Day.  The specialty chemical company has a Trend Spotter buy signal, a Weighted Alpha of 30.00+ and gained 17.15% in the last year.

The Chart of the Day belongs to Chemtura (CHMT). 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 2/3 the stock gained 23.27%.

Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products.

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 20, 50 and 100 day moving averages
  • 7 new highs and up 14.21% in the last month
  • Relative Strength Index 77.88%
  • Barchart computes a technical support level at 28.20
  • Recently traded at 29.58 with a 50 day moving average of 25.63
Fundamental factors:
  • Market Cap $2.15 billion
  • P/E 33.16
  • Revenue expected to grow 5.10% next year
  • Earnings estimated to increase by 45.30% this year, an additional 49.50% next year and continue to increase at an annual rate of 20.05% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 4 buys and 4 hold recommendations on the stock
Most of the normal technical trading strategies have not been reliable on this stock so I suggest you place a moving stop loss 10% below the recent high.

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