The Chart of the Day belongs to Temper-Pedic International (TPX). I found the stock by sorting the New High list for frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/24 the stock gained 19.61%.
TPX is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company's brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R).
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.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 3.67% in the last month
- Relative Strength Index 66.00%
- Barchart computes a technical support level at 59.89
- Recently traded at 60.80 with a 50 day moving average of 56.58
Fundamental factors:
- Market Cap $3.69 billion
- P/E 26.67
- Revenue expected to grow 17.40% this year and another 5.2% next year
- Earnings estimated to increase 17.30% this year, an additional 23.40% next year and continue to increase at an annual rate of 15.43% for the next 5 years
- Wall Street analysts issued 4 strong buy, 3 buy and 5 hold recommendations on the stock
Use the 50 day moving average to signal weakness and exit at the 100 day moving average.
No comments:
Post a Comment