Article:
Today's Chart of the Day is Colfax (CFX) and was fond by sorting the Barchart New High List for frequency. In the past year the stock had a number of Trend Spotter buy signals the most recent on 3/8. In the last 6 months the stock gained over 36%.
The Company is a supplier of fluid handling products, including pumps, fluid handling systems and specialty valves. Its products serve a variety of applications in the commercial marine, oil and gas, power generation, global navy and general industrial markets.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 11.74% in the last month
- Relative Strength Index 76.91%
- Barchart computes a technical support level ta 46.32
- Recently traded at 47.36 with a 50 day moving average of 42.73
Fudnamental factors:
- Market Cap $4.45 billion
- P/E 35.13
- Revenue projected to increase 7.60% this year and another 5.50% next year
- Earnings estimated to increase by 35.80% this year, an additional 30.80% next year and continue to increase annually at a rate of 25.73% for the next 5 years
- Analysts issued 2 strong buy and 8 hold recommendations
- Financial Strength B
Exit strategy: Consider selling if you lose 10% or the stock drops below its 50 day moving average.
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