Monday, July 27, 2015

Eros International - Barchart's Chart of the Day

Eros International (EROS) is the Barchart's Chart of the Day.  The Indian language film company has a Trend Spotter buy signal, a Weighted Alpha of 193.60+ and gained 135.31% in the last year.

The Chart of the Day belongs to Eros International (EROS).  I found the Indians language film stock by using Barchart to sort today's All Time High List for the stocks having the highest Weighted Alpha, then used the Flipchart feature to review the charts.   Since the Trend Spotter signaled a buy in 5/15 the stock gained 100.28%.

Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom.



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:

  • 96% Barchart technical buy signals
  • Weighted Alpha 193.60+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 46.68% in the last month
  • Relative Strength Index 77.86%
  • Barchart computes a technical support level at 33.63
  • Recently traded at 35.79 with a 50 day moving average of 24.46
Fundamental factors:
  • Market Cap $ 1.08 billion
  • P/E 45.97
  • Revenue expected to grow 15.40% this year and another 20.70% next year
  • Earnings estimated to increase 38.00% this year, an additional 37.80% next year and continue to increase at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock
The 50 day moving average vs. the price has been an effective technical trading strategy on the stock.

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