H H Gregg (HGG) is the Chart of the Day. The home appliance retailer is up 158.40% in the last year and has a Weighted Alpha of 165.20+.
Article:
The Chart of the Day is H H Gregg (HGG). The stock was found by sorting the New High List for frequency then using the flipchart feature for reviewing the charts. The stock has Trend spotter buy and 96% technical buy signals.
They are a leading specialty retailer of premium video products, appliances, audio products and accessories and currently operates seventy nine stores in Alabama, Georgia, Indiana, Kentucky, North Carolina, Ohio, South Carolina and Tennessee.
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
- 12 new highs and up 21.34% in the last month
- Relative Strength Index 68.50%
- Barchart computes a technical support level at 17.08%
- Recently traded at 18.14 with a 50 day moving average of 16.13
Fundamental factors:
- Market Cap $566.41 million
- P/E 19.50
- Revenue projected to grow 3.00% this year and another 2.80% next year
- Earnings estimated to increase 24.30% this year, an additional 6.50% next year and continue to grow by 15.00% annually for the next 5 years
- Wall Street analysts issued 11 hold and 1 sell recommendation
The stock should do well as the housing sector recovers. Watch the 50 day moving average and exit if it drops below it's 50 day moving average.
No comments:
Post a Comment