Wednesday, July 22, 2015

Lending Tree - Barchart's Chart of the Day

Lending Tree (TREE) is the Barchart Chart of the Day.  The loan brokerage has a Trend Spotter buy signal, a Weighted Alpha of 221.40+ and gained 242.29% in the last year.

The Chart of the Day belongs to Lending Tree (TREE).  I found the loan brokerage stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha, then used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy in 5/19 the stock gained 43.19%.

LendingTree, Inc. is an online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. It provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans and credit cards. LendingTree also provides brokerage that matches residential home buyers interested in newly constructed homes with builders. The Company's brands include LendingTree, GetSmart, LendingTree Education, LendingTree Autos, LendingTree Home Pros, and InsuranceTree. LendingTree, Inc., formerly known as, Inc., is based in Charlotte, North Carolina.

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:
  • 96% Barchart technical buy signals
  • Weighted Alpha of 221.40+
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 17.55% in the last month
  • Relative Strength Index 75.72%
  • Barchart computes a technical support level at 82.54
  • Recently traded at 84.80 with a 50 day moving average of 69.11
Fundamental factors:
  • Market Cap $970.96 million
  • P/E 54.43
  • Revenue expected to grow 24.00% this year and another 16.90% next year
  • Earnings estimated to increase 3675.00% this year and an additional 42.00% next year
  • Wall Street analysts issued 1 strong by and 2 buy recommendations on the stock
The 50-100 Day MACD Oscillator as been an effective technical trading strategy for this stock.

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