Chart of the Day Template

The Chart of the Day is Standard Motor Products (SMP), which showed up on Friday's Barchart  3 month High list.  In the past quarter SMP has posted new highs in 22 trading sessions and is up 18.40% for that period.  Analysts are high on the stock and look for increased revenue and earning in the coming year. SMP manufactures and distributes replacement parts for motor vehicles. They are now organized into two principal segments, each focused on a specific type of replacement part. The Engine Management Division consists primarily of ignition and emission parts, on-board computers, ignition wires, battery cables and fuel system parts. The Temperature Control Division consists primarily of air conditioning compressors, other air conditioning parts and heater parts.

We found the Chart of the Day by scanning the Barchart New Highs/Low page and then sorted for frequency.  We use that process to find stocks having consistent upward momentum.  Important Barchart technical indicators and fundamental information is summarized below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and therefore can change during the day as the prices fluctuate.  The indicators below may not match what you see live on the Barchart.com website.

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 22 new highs and up 18.40% in the last quarter
• Relative Strength Index 76.04%
• Barchart computes a technical support level at 21.42
• Recently traded at 21.51 with a 50 day moving average of 19.27

Fundamental indicators:

• Analysts issued 4 strong buys
• Revenue expected to increase by 5.70% next year
• Earning estimated to increase by 15.30% nest year
• Earnings predicted to grow by 14.00% annually for the next 5 years
• P/E ratio 12.74
• Dividend rate 1.64%