Astronics Corp (ATRO) is the Chart of the Day. The aeronautics company advanced 16 times in the last 20 sessions for a gain of 21.60%. Since the Trend Spotter signaled a buy on 5/6 the price is up almost 25.10%.
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The Chart of the Day is Astronics Corp (ATRO). The stock gained in 16 session for a gain of 21.60% in the last month. The Relative Strength is 79.23% I found the stock by sorting the new high list for frequency and then used the flipchart function to review the charts.
The company is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to expand from a components and subsystems supplier to an aircraft lighting systems integrator, increasing the value and content it provides to various aircraft platforms.
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:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 21.60% in the last month
- Relative Strength Index 79.23%
- Barchart computes a technical support level at 35.38
- Recently traded at 39.52 with a 50 day moving average of 31.00
Fundamental factors:
- Market Cap $572.25 million
- P/E 22.92
- Revenue projected to grow 18.60% this year and another 16.40% next year
- Earnings estimated to increase 40.90% this year, an additional 23.60% next year and continue to increase by 19.00% annually for the next 5 years
- Wall Street analysts issued 1 strong buy and 2 buy recommendations
- Financial Strength B++
Exit your position id the stock drops below its 50 day moving average.
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