The Chart of the Day belongs to WD-40 (WDFC). I found the stock by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts, Since the Trend Spotter signaled a buy on 10/20 the stock gained 12.76%.
WD-40 Company sells a petroleum-based product, known as ``WD-40.`` WD-40 is a multi-purpose product which acts as a lubricant, rust preventative, penetrant, cleaner and moisture displacer. They also sell the 3-IN-ONE Oil. 3-IN-ONE Oil is a lower cost general purpose lubricant that is useful when precise applications of a lubricant are needed.
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
- 15 new highs and up 10.56% in the last month
- Relative Strength Index 12.76%
- Barchart computes a technical support level at 80.78
- Recently traded at 83.82 with a 50 day moving average of 76.28
Fundamental factors:
- Market Cap $1.24 billion
- P/E 28.56
- Dividend yield 1.66%
- Revenue expected to grow 4.40% this year and another 4.30% next year
- Earnings estimated to increase 8.40% this year, an additional 10.90% next year and continue to increase at annual rate of 13.00% for the next 5 years
- Wall Street analysts issued 1 buy and 3 hold recommendations on the stock
Although the 50-100 Day MACD Oscillator has been an effective technical trading strategy on this stock I'd recommend you use a moving stop loss 10% below the most recent new high.
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