The Chart of the Day is Viewpoint Financial Group (VPFG). I found the stock by sorting the All Time High list for new high frequency in the last month. I skipped the stocks that didn't have positive gains in the last week and month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 3/4 the stock gained 11.24%.
VPFG is the holding company for Plano-based ViewPoint Bank. ViewPoint Bank is the largest bank based in Collin County. It operates twenty eight branches and nine loan production offices.
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 signal
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 16.97% in the last month
- Relative Strength Index 79.96%
- Barchart computes a technical support level at 27.74
- Recently traded at 28.40 with a 50 day moving average of 25.46
Fundamental factors:
- Market Cap $1.13 billion
- P/E 32.87
- Dividend yield 1.74%
- Revenue predicted to grow 41.40% this year and another 29.00% next year
- Earnings estimated to increase 29.80% this year, an additional 44.00% next year and continue to increase at an annual rate of 12.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 2 buy and 4 hold recommendations on the stock
- Financial strength is B++
Growing bank in a growing region. Watch the 50 day moving average for signals of weakness and the 100 day moving average to preserve gains.
