Sunday, May 28, 2017

New Age Beverages - Micro Cap for Momentum Investors

I wanted to find a Micro Cap that was hitting All Time Highs, so I used Barchart to sort today's All Time High list first for Micro Caps, then for the most frequent new highs in the last month. lastly for technical buy signals of 80% or more.  Today's addition to the Watch List is New Age Beverages (NBEV).

New Age Beverages (NBEV)

Barchart technical indicators:

  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 60.43% in the last month
  • Relative Strength Index 71.09%
  • Technical support level at 5.80
  • Recently traded at 6.00 with a 50 day moving average of 4.25
  • Gained 40.52% since Trend Spotter signaled a buy in 5/12
Fundamental factors:
  • Market Cap $188 million
  • Weighted Alpha 211.20+
  • Gained 328.57% in the last year
  • Revenue expected to grow 35.30% next year
  • Earnings estimated to increase 214.30% next year
  • 2 Wall Street analysts issued strong buy reports

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