Amerco - Chart of the Day

Amerco (UHAL) is the Chart of the Day.  The rental moving and storage company has a Trend Spotter buy signal, a Weighted Alpha of 54.30+ and gained 50.60% in the last year.

The Chart of the Day belongs to Amerco (UHAL).  I found the rental moving and storage stock by using Barchart to sort the Russell 3000 Index stocks first by a Weighted Alpha of 50.00+ or more, then by technical buy signals of 80% or better, then last for a 50-100 Day MACD oscillator buy signal.  As always I use the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/28 the stock gained 4.24%.

Amerco is the holding company for U-Haul International, Inc., Amerco Real Estate Company, Republic Western Insurance Company and Oxford Life Insurance Company. AMERCO operates in four industry segments: Moving and Storage Operations (U-Haul), Real Estate, Property and Casualty Insurance (Republic) and Life Insurance (Oxford). The moving and self-storage operations consist of the rental of trucks and trailers, sale of moving aids such as boxes and the rental of self-storage spaces to the do-it-yourself mover.

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 this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• 54.30+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 4.71% in the last month
• Relative Strength Index 64.57%
• Barchart computes a technical support level at 396.83
• Recently traded at 420.06 with a 50 day moving average of 405.55

Fundamental factors:

• Market Cap $8.24 billion
• P/E 17.54
• Analysts didn't make revenue projections
• Somehow they estimate earnings will increase by 22.70% this year, an additional 11.10% next year and continue to compound at an annual rate of 15.00% for the next 5 years
• Wall Street analysts issued 1 strong buy and 1 buy recommendation on this stock

The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock.