The Chart of the Day belongs to Northeast Bancorp (NBN). I found the Savings & Loan stock by using Barchart to sort today's All Time High list first for the highest Weight Alpha, then again for technical buy signals of 80% or more. I used the Flipchart feature to review the charts for consistent price gains. Sine the Trend Spotter signaled a buy on 9/12 the stock gained 21.76%.
Northeast Bancorp is a savings and loan holding company whose primary assets is its subsidiary, Northeast Bank, F.S.B., the bank. The Bank's primary business consists of attracting savings deposits from the general public and applying those funds primarily to the origination and retention of first mortgage loans on residential real estate. Of the Bank's loan portfolio at June 30, 1996, 83% was invested in real estate loans(including residential, construction and commercial mortgage loans), 8% in commercial loans and 9% in consumer loans.
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:
- 141.00+ Weighted Alpha
- 100% Technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 24.52% in the last month
- Relative Strength Index 83.87%
- Technical support level at 24.68
- Recently traded at 26.25 with a 50 day moving average of 21.64
Fundamental factors:
- Market Cap $200 million
- P/E 17.72
- Dividend yield .16%
- Revenue expected to grow 8.80% this year
- Earnings estimated to increase 47.10% this year
- Only one analysts is following the stock and rates it a buy
- The individual investors following the stock on Motley Fool voted 4 to 0 that the stock will beat the market
#NBN
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