Thursday, May 11, 2017

Aetna - Chart of the Day

Aetna (AET) is the Barchart Chart of the Day.  The health benefits company has a Trend Spotter buy signal, a Weighted Alpha of 37.29, gained 32.34% in the last year and paid a 1.40% dividend.

The Chart of the Day belongs to Aetna (AET).  I found the health benefits stock by using Barchart to sort today's All Time High list 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 4/24 the stock gained 9.95%.

Aetna Inc. is one of the nation's largest health benefits companies and one of the nation's largest insurance and financial services organizations. Aetna provides these benefits to employer and plan sponsor customers in all 50 states, ranging from large multisite national accounts to middle-market and small-employer groups. Its products include the full range of health insurance, including dental and pharmacy benefits, from HMO and POS to PPO and indemnity, as well as group insurance products such as life, disability and long-term care insurance.

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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 11.64% in the last month
  • Relative Strength Index 85.55%
  • Technical support level at 142.17
  • Recently traded at 144.40 with a 50 day moving average of 132.06
Fundamental factors:
  • Market Cap $47.45 billion
  • P/E 16.52
  • Dividend yield 1.42%
  • Revenue expected to grow 4.90% next year
  • Earnings estimated to increase 8.70% this year, an additional 10.40% next year and continue to compound at an annual rate of 11.85% for the next 5 years
  • Wall Street analysts issued 8 strong buy, 6 holds and 1 sell

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