The Chart of the Day belongs to my nostalgia pick of the day Flanigan's Enterprises (BDL). I found the stock by sorting the All Time High list for the highest technical buy signals and spotted it at the top of the list. If you ever lived in South Florida then you probably met Jim Flanigan or at least had a drink in one of his Big Daddy's Lounges. He's gone but the legend lives on. Since the Trend Spotter signaled a buy on 7/30 the stock gained 32.92%.
Flanigan's Enterprises, Inc. owns and/or operates restaurants with lounges, package liquor stores and an entertainment oriented clubs (collectively the ``units``). All of the Company's package liquor stores, restaurants and clubs are operated on leased properties. They operate under the names ``Flanigan's Seafood Bar and Grill'' restaurants and ``Big Daddy's'' retail liquor stores.
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
- 13 new highs and up 22.26% in the last month
- Relative Strength Index 87.52%
- Barchart computes a technical support level at 17.64
- Recently traded at 19.50 with a 50 day moving average of 15.56
Fundamental factors:
- Market Cap $36.27 million
- P/E 13.05
- No analysts are following the stock
- Even the Fools on Motley Fool don't rate the stock
- The stock is only here for the benefit of Big Daddy's alumni
OK there is only one reason for a stock that has languished for so long to suddenly move like this. I look forward to seeing who is about to announce a buy out offer.
No comments:
Post a Comment