The Chart of the Day belongs to China Lodging Group (HTHT). I found the Chinese hotel operator by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 6/22 the stock gained 51.43%.
China Lodging Group, Limited is an economy hotel chain operator in China. The Company offers hotel products under three brands that are designed to target distinct groups of customers. The three brands are HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn. China Lodging Group, Limited is headquartered in Shanghai, the People's Republic of China.
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% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 3 new highs and up 15.01% in the last month
- Relative Strength Index 72.27%
- Technical support level at 112.51
- Recently traded at 125.50 with a 50 day moving average of 103.39
Fundamental factors:
- Market Cap $7.96 billion
- P/E 56.67
- Revenue expected to grow 23.30% this year and another 19.30% next year
- Earnings estimated to increase 62.60% this year, an additional 31.40% next year and continue to compound at an annual rate of 4.26% for the next 5 years
- Wall Street analysts issued 3 strong buy, 7 buy and 2 hold recommendations on the stock
No comments:
Post a Comment