With 16 new highs and a price appreciation of 89.02% in the last month the stock has earned a 100% Barchart technical buy signal. The stock trades around 3.17 with a 50 day moving average of 2.00 and has Relative Strength Index of 76.83% and it's rising.
Only one Wall Street brokerage is following the stock but they look for a 41.40% increase in EPS this year and 94.10% next year.
Surprisingly there is a wide and positive investor sentiment with the CAPS members on Motley Fool voting 56 to 17 that the stock will beat the market and the All Stars agree 13 to 6.
Although this stock does not have a big following on Wall Street the general investor has found it and the positive price trend is why I like it.
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.
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