Avnet (AVT) is the Chart of the Day. The electronics and computer distributor is up 25.24% for the year and has a 100% technical buy signal and a Trend spotter buy signal. I found the stock by sorting the New High List.
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The Chart of the Day is Avent (AVT). The stock was right at the top of the New High List when I sorted it for frequency. In the last month the stock hit 19 new highs for a gain of 15.08% and has a Relative Strength Index of 79.21%
It is an industrial distributor of electronic components and computer products. The company is a link in the chain that connects suppliers of semiconductors, interconnect products, passive and electromechanical devices to original equipment manufacturers and contract manufacturers that design and build the electronic equipment for end-market use, and to other industrial customers. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its one largest customers, accelerating their growth through cost-effective, value-added services and solutions.
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
- 19 new highs and up 15.08% in the last month
- Relative Strength Index 79.21%
- Barchart computes a technical support level at 36.88
- Recently traded at 38.00 wiht a 50 day moving average of 34.43
Fundamental factors:
- Market Cap $5.21 billion
- P/E 10.59
- Revenue expected to increase 4.70% next year
- Earnings estimated to increase 19.40% next year and continue to increase for the next 5 years at an annual rate of 4.04%
- Wall Street analysts issued 4 strong buy, 4 buy and 4 hold recommendations to their clients
- Financial Strength is A
Hold until the stock drops below its 50 day moving average.
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