The issue rates a 96% Barchart overall buy signal and hit 14 new highs in the last 20 sessions. The stock has increased by 9.49% last month and trades around 77.81 which is above its 50 day moving average of 71.86. It's not often you find this kind of capital appreciation, a 74.19% Relative Strength Index and a 6.50% dividend while you wait.
The stock is popular with Wall Street brokerage firms who have issued 6 buy and 6 hold recommendations. They look for a 32.10% increase in sales this year and an increase in earnings per share of 16.50% next year.
The stock has a good following on Motley Fool with the CAPS members voting 564 to 11 that the stock will beat the market and the All Stars agree with a vote of 249 to 6.
The stock has several points to consider:
- A pure US energy play on natural gas
- Recent and positive price momentum
- 6.50% dividend
- Wall Street buy reports published for their clients
- A wide and positive general investor following
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
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