The Chart of the Day is Sequential Brands Group (SQBG). I found the stock by sorting today's New High List for new high frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 3/3 the stock soared 67.23%.
SQBG is a licensing and brand management company focused on promoting, marketing and licensing a portfolio of consumer brands. The Company's brands include William Rast and People's Liberation. It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage.
The status of 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:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 16.06% in the last month
- Relative Strength Index 74.56%
- Barchart computes a technical support level at 9.17
- Recently traded at 9.85 with a 50 day moving average of 8.45
Fundamental factors:
- Market Cap $249.01 million
- P/E 26.33
- Revenue expected to grow 36.40% this year and another 10.20% next year
- Earnings estimated to be down 28.60% this year but up again by 24.00% next year and continue to increase at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 2 more buy recommendations on the stock
Closely watch the 50 day moving average for signs of momentum weakness and use the 100 day moving average as an exit point.
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