Friday, October 28, 2016

Piper Jaffray - Chart of the Day

Piper Jaffray (PJC) is the Barchart Chart of the Day.  The securities brokerage firm has a Trend spotter buy signal, a Weighted Alpha of 60.00+ and gained 40.28% in the last year.

The Chart of the Day belongs to Piper Jaffray (PJC).  I found the securities brokerage stock by using Barchart to sort the Russel 3000 Index stocks first for the most 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 7/12 the stock gained 30.54%.

Piper Jaffray Companies is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. They operate through two primary revenue-generating segments: Capital Markets and Private Client Services. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis.

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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 16.25% in the last month
  • Relative Strength Index 76.83%
  • Technical support level at 53.10
  • Relative Strength Index 76.83%
  • Recently traded at 54.50 with a 50 day moving average of 47.75
Fundamental factors:
  • Market Cap $876.91 million
  • P/E 14.96
  • Revenue expected to grow 1.70 this year and another 8.60% next year
  • Earnings estimated to increase 20.00% next year and continue to increase at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts normally don't recommend each other but on firm rates the stock a hold

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