The Chart of the Day belongs to Amber Road (AMBR). I found the software stock by using Barchart to sort the Russell 3000 Index stocks first by Weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 5/27 the stock gained 84.32%.
Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company's solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey.
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 32.25% in the last month
- Relative Strength index 81.87%
- Technical support level at 9.93
- Recently traded at 11.00 with a 50 day moving average of 8.40
Fundamental factors:
- Market Cap $289.85 million
- Revenue expected to grow 7.50% this year and another 13.50% next year
- Earnings estimated to increase 30.10% this year, an additional 21.60% next year and continue to compound at an annual rate of 20.00% for the next 5 years
- Wall Street analysts issued 2 strong buy, 2 buy and 1 hold recommendation on the stock
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