The Chart of the Day is Domino's Pizza (DPZ). I found the stock by sorting the All Time High list for new high frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 10/14 the stock gained 7.15%.
Dominos Pizza is the recognized world leader in pizza delivery. Through its primarily franchised system, Domino's operates franchised and Company-owned stores in the United States and in more than 50 countries.
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
- 19 new highs and up 16.02% in the last month
- Relative Strength Index 81.69%
- Barchart computes a technical support level at 89.27
- Recently traded at 90.42 with a 50 day moving average of 80.44
Fundamental factors:
- Market Cap $4.97 billion
- P/E 32.70
- Dividend yield 1.11%
- Revenue expected to grow 9.20% this year and another 5.50% next year
- Earnings estimated to increase 18.80% this year, an additional 17.20% next year and compound annually by a rate of 15.98% for the next 5 years
- Wall Street analysts issued 3 strong buy, 4 buy, 7 hold and 1 under perform recommendation on the stock
The 20 - 100 day MACD Oscillator has been the most consistent technical trading strategy for this stock and should be used as an exit point.
No comments:
Post a Comment