The Chart of the Day is Ferro Corp (FOE). I found the stock by sorting the New High List for Weighted Alpha. Since the Trend Spotter signaled a buy on 8/9 the stock shot up 74.39%.
It is a worldwide producer of specialty materials for industry by organic and inorganic chemistry. It operates in 21 countries worldwide. They produce a variety of specialty coatings, colors, ceramics, plastics, chemicals, and related products and services. Their most important product is frit produced for use in porcelain enamels and ceramic glazes. Specialty materials require a high degree of technical service on an individual customer basis.
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 signal
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 35.88% in the last month
- Relative Strength Index 84.57%
- Barchart computes a technical support level at 12.08
- Recently traded at 12.80 with a 50 day moving average of9.40
Fundamental factors:
- Market Cap $1.11 billion
- P/E 36.66
- Analysts predict revenue will rise next year by 2.40%
- Earnings are estimated to increase by 366.70% this year, an additional 61.90% next year and continue to grow at an annual rate of 21.852% for the next 5 years
- Wall Street analysts issued 2 buy and 8 hold recommendations
- Financial Strength is C++
Watch the 50 day moving average for momentum weakness.
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