The stock continues to hit new highs and hit 9 new ones in the last 20 trading sessions but more importantly 4 of the recent 5 in a weak market. 30 day price appreciation has been 17.38% and the stock is still hitting 13 of 13 Barchart technical buy signals. The stock trades around 31.30 with a 50 day moving average of 29.67.
Wall Street has 6 buy recommendations with no holds or negative reports. Sales are expected to increase 21.70% this year and 17.90% next year. I'm having a hard time with EPS growth estimates of 230.00% this year, 75.00% next year and a 5 year compounded annual EPS growth of 15.00% a year. I can only hope.
Investor sentiment is very high with a vote of 184 to 7 that the stock will beat the market. Experienced investors agree with a solid vote of 90 to 1.
I hardly ever double up on a bet but here the numbers just keep getting better and better:
- 100% Barchart technical buy
- Analysts giving great sales and earnings growth estimates
- Investor sentiment getting even higher.
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