CDW Corp - Barchart's Chart of the Day

CDW Corporation (CDW) is the Barchart Chart of the Day. The IT products and services company has a Trend Spotter buy signal, a Weighted alpha of 72.80+ and gained 74.09% in the last year.

The Chart of the Day belongs to CDW Corporation (CDW).  I found the stock by sorting today's New High list by new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/4 the stock gained 7.42%.

CDW information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company's software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing.

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:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 12.41% in the last month
• Relative Strength Index 89.05%
• Barchart computes a technical support level at 31.59
• Recently traded at 31.98 with a 50 day moving average of 29.30

Fundamental factors:

• Market Cap $5.50 billion
• P/E 15.28
• Dividend yield .55%
• Revenue predicted to grow 7.30% this year and another 6.00% next year
• Earnings estimated to increase by 21.30% this year, an additional 11.70% next year and continue to increase by 15.07% annually for the next 5 years
• Wall Street analysts issued 2 strong buy, 6 buy and 2 hold recommendation on the stock

Solid company with solid numbers.  Use the 100 day moving average as an exit point.