The Chart of the Day belongs to Omega Protein (OME). I found the nutritional products stock by using Barchart to sort the Russell 3000 Index stocks first for the mots frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 6/30 the stock gained 22.46%.
Omega Protein Corporation, headquartered in Houston, is one of the nation's leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications.
Omega Protein Corporation, headquartered in Houston, is one of the nation's leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications.
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 22.60% in the last month
- Relative Strength Index 88.80%
- Technical support level at 22.73
- Recently traded at 24.57 with a 50 day moving average of 20.45
Fundamental factors:
- Market Cap $544.34 million
- P/E 13.03
- Revenue expected to grow 5.70% this year and another 2.60% next year
- Earnings estimated to increase 18.00% this year, an additional 7.90% next year and continue to increase at an annual rate of 8.00% for the next 5 years
- Wall Street analysts issued 1 strong buy and 1 hold recommendation on the stock
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