Lorillard Inc - Chart of the Day

Lorillard Inc (LO) is the Chart of the Day.  The tobacco manufacturer and marketer has a Trend Spotter buy signal, a Weighted Alpha of 39.13+ , paid a 4.34% dividend and gained 34.54% in the past year.

The Chart of the Day is Lorillard Inc (LO).  I found the stock near the top of the New High List when I sorted it for frequency.  Not only did the stock gain 34.54% last year but it also paid a 4.34% dividend. Since the Trend Spotter issued a buy signal on 9/6 the stock is up 16.99%.

It is the third largest manufacturer of cigarettes in the United States. LO is the oldest continuously operating tobacco company in the U.S. Newport, theirs flagship brand, is a menthol-flavored premium cigarette brand and the top selling menthol and second largest selling cigarette in the U.S. The product line has five additional brand families marketed under the Kent, True, Maverick, Old Gold and Max brand names. These six brands include 44 different product offerings which vary in price, taste, flavor, length and packaging.

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
• 17 new highs and up 14.74% in the last month
• Relative Strength Index 82.93%
• Barchart computes a technical support level at 50.48
• Recently traded t 51.37 with a 50 day moving average of 45.52

Fundamental factors:

• Market Cap $19.22 billion
• P/E 16.41
• Dividend yield 4.34%
• Revenue projected to grow by 7.50% this year and another 7.40% next year
• Earnings estimated to increase 11.90% this year, an additional 12.50% next year and continue to increase by 12.50% annually for the next 5 years
• Wall Street analysts issued 2 strong buy, 1 buy, 6 hold and a sell recommendation
• Financial Strength is A

Watch the 100 day moving average on this stock and keep as long as it keeps paying its strong dividend.