Move Inc (MOVE) is the Chart of the Day. The real estate Internet website has a Trend Spotter buy, a Weighted Alpha of 114.07+ and gained 105.15% in the last year.
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The Chart of the Day is Move Inc (MOVE). Since the Trend Spotter signaled a buy on 5/20 the stock gained 54.63%. I found the stock by sorting the New High List for frequency and then used the flipchart feature to review the charts.
It is a leading destination on the Internet for real estate information, advertising products and services. The family of web sites, consisting of homestore.com, REALTOR.com, HomeBuilder.com, SpringStreet.com and CommercialSource.com provides the most comprehensive source of real estate listings and content on the Internet. Through the family of web sites, they provide a wide variety of information and tools for consumers, real estate industry professionals, advertisers and providers of real estate related products and services.
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
- 18 new highs and up 20.41% in the last month
- Relative Strength Index 72.42
- Barchart computes a technical support level at 16.93
- Recently traded at 17.52 with a 50 day moving average of 15.10
Fundamental factors:
- Market Cap $698.52 million
- P/E 114.07
- Revenue predicted to grow by 14.20% this year and another 12.80% next year
- Earnings estimated to decrease by 75.00% this year, increase by 533.30% next year and continue to increase annually by 34.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 3 buy recommendations
- Financial Strength is B
Please watch the momentum on this one. Anytime a stock gains over 100% in a year you must be able to get out immediately if it begins to drop below its 50 day moving average.
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