The stock came up on my BarChart screener because it has hit 14 new highs in the last 20 trading sessions and is 4 for 5 recently. There has been a 15% price appreciation in the last 65 days. BarChart's technical indicators rate 12 of 13 buys with 1 hold for a 96% buy rating.
There are 14 analyst following this stock and 5 give it a buy. Consensus for sales growth is 5.9% and EPS growth of 13.1% is expected.
I always look for other votes of confidence and over on Motely Fool CAPS the members vote 633 to 44 that the stock will out perform the market. The All Star members rate it 216 to 5 and the Wall Street rating is 16 to 0.
This stock has what I look for:
- Hitting new highs
- Positive Wall Street press
- Confirmation from other rating sites.
Recommendation - Adding KMB to VMNHI around 65.50 with a protective stop loss no lower than 62.
Jim Van Meerten is an investor who writes about financial matters here and on Financial Tides. Please leave a comment below or email FinancialTides@gmail.com
Disclosure: I do not hold a position in KMB at time of publication
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