The Chart of the Day is PolyOne Corp (POL). I found the stock by sorting the All Time High list, skipped the stocks that didn't have positive gains for the last week and month. I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/29 the stock gained 6.17%.
POL is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company.
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 10.72% in the last month
- Relative Strength Index 72.03%
- Barchart computes a technical support level at 36.57
- Recently traded at 37.86 with a 50 day moving average of 35.29
Fundamental factors:
- Market Cap $3.64 billion
- P/E 28.85
- Dividend yield .85%
- Revenue expected to grow 10.90% this year and another 6.00% next year
- Earnings estimated to increase by 35.10% this year, an additional 34.50% next year and continue to increase by 23.30% annually for the next 5 years
- Wall Street analysts issued 3 strong buy, 4 buy and 3 hold recommendations on the stock
- Financial Strength is B+
The stock had solid momentum over the last year. Watch the 50 day moving average for weakness and use the 100 day moving average to preserve profits.
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