Wednesday, January 25, 2017

Argan - Chart of the Day

Argan (AGX) is the Barchart Chart of the Day.  The specialty construction company has a Trend Spotter buy signal, a Weighted Alpha of 146.10+ and gained 161.22% in the last year.

The Chart of the Day belongs to Argan (AGX).  I found the specialty construction stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or better.

Argan, Inc., headquartered in Rockville, MD, through its wholly owned Southern Maryland Cable, Inc. subsidiary, provides inside premise wiring services to the federal government and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.

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 indicator:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 4.63% in the last month
  • Relative Strength Index 64.81%
  • Technical support level at 70.82
  • Recently traded at 75.70 with a 50 day moving average of 68.65
Fundamental factors:
  • Market Cap $1.1 billion
  • P/E 19.07
  • Revenue expected to grow 58.80% this year and another 14.80% next year
  • Earnings estimated to increase 67.80% this year
  • Wall Street analysts issued 1 buy and 1 hold recommendation on the stock

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