Thursday, May 7, 2015

AO Smith - All Time High

AO Smith (AOS) is the Barchart Chart of the Day.  The household appliance stock has a Trend Spotter buy signal, a Weighted Alpha of 47.29+ and gained 44.63% in the last year.

The Chart of the Day belongs to AO Smith (AOS).  I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the charts.

A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world's leading manufacturers and marketers of residential and commercial water heating equipment, offering a comprehensive line featuring the best- known brands in the industry. It is also one of North America's largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. A. O. Smith employs people at facilities in the United States, Mexico, China, Canada, and Europe.

The status of 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 4.10% in the last  month
  • Relative Strength Index 63.11%
  • Barchatt computes a technical support level at 64.81
  • Recently traded at 67.25 with a 50 day moving average of 64.60
Fundamental factors:
  • Market Cap $6.01 billion
  • P/E 25.87
  • Dividend yield 1.16%
  • Revenue expected to grow 10.40% this year and another 9.30% next year
  • Earnings estimated to increase by 15.20% this year, an additional 16.40% next year and continue to compound at an annual rate of 18.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy and 5 hold recommendations on the stock
The 50-100 Day MACD Oscillator has been an extremely reliable technical trading strategy for this stock and should continue to be used for entry and exit points.

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