Advanced Auto Parts - Best Growth Stock

Today I used Barcharts to sort a list of high growth stocks to find the stock with the most frequent new highs in the last month.  At the top of the list was Advanced Auto Parts (AAP):

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal - up 13.74% since the 10/20 buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 9.82% in the last month
• Relative Strength Index 71.48%
• Barchart computes a technical support level at 158.48
• Recently traded at 159.36 with a 50 day moving average of 145.39

Fundamental factors:

• Market Cap $11.63 billion
• P/E 22.38
• Dividend yield .15%
• Revenue expected to grow 52.20% this year and another 2.30% next year
• Earnings estimated to increase 44.70% this year, an additional 12.60% next year and continue to increase at an annual rate of 17.75% for the next 5 years
• Wall Street analysts issued 6 strong buy, 7 buy and 13 hold recommendations on the stock

The 50 - 100 day MACD Oscillator has been a very reliable technical trading strategy on this stock and should be used for an exit point.