Tuesday, May 12, 2015

Axis Capital - All Time High

Axis Capital (AXS) is the Barchart Chart of the Day.  The property and casualty insurer has a Trend Spotter buy signal, a Weighted Alpha of 25.80. gained 22.11% last year and paid a 2.11% dividend.

The Chart of the Day is Axis Capital (AXS).  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 5/6 the stock gained 3.90%.

AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance.

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 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
  • 4 new highs and up 5.98% in the last month
  • Relative Strength Index 77.11%
  • Barchart computes a technical support level at 54.51
  • Recently traded at 55.56 with a 50 day moving average of 51.94
Fundamental factors:
  • Market Cap $5.60 billion
  • P/E 10.14
  • Dividend yield 2.11%
  • Revenue expected to grow 3.40% next year
  • Earnings are estimated to decrease at an annual rate of 2.33% for the next 5 years
  • In spite of these weak projections analysts issued 1 strong buy, 5 buy and 7 hold recommendations
I'm not sure how much further upside this stock has so I'd keep a moving stop loss in place 10% below its recent high.

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