Encore Wire (WIRE) is the Chart of the Day. The copper wire manufacturer was up every day lost month in spite of market volatility. Up 21.02% for the month.
Article:
The Chart of the Day is Encore Wire (WIRE). The stock was right at the top of the New High List when sorted for frequency with 20 advances in 20 sessions. The stock has both a Trend Spotter buy and 100% Technical buy indicators.
They are a low-cost manufacturer of copper electrical building wire and cable. The Company is a significant supplier of both residential wire for interior electrical wiring in homes, apartments and manufactured housing, as well as building wire for electrical distribution in commercial and industrial buildings.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 20 new highs and up 21.02% in the last month
- Relative Strength Index 83.04%
- Barchart computes a technical support level at 36.77
- Recently traded at 41.07 with a 50 day moving average of 35.42
Fundamental factors:
- Market Cap $847.89 million
- P/E 40.81
- Dividend Yield .21%
- Although analysts are beginning to follow the stock they have not published projections
- Financial Strength B++
Please monitor the moving averages and sell if the stock drops below the 50 day moving average.
