The Chart of the Day goes to the Ashbury Automotive Group
(ABG). I found the automotive and truck dealership stock by sorting today's All
Time High list for the stocks with the highest technical buy signals, then used
the Flipchart feature to review the charts. Since the Trend Spotter signaled a
buy on 5/18 the stock gained 6.99%.
Asbury Automotive Group is one of the largest automotive
retailers in the United States. They sell, finance and service a diverse range
of foreign and domestic automobile brands.
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.
technical indicators:
100% Barchart
technical buy signals
Trend Spotter buy
signal
Above its 20, 50 and
100 day moving averages
10 new highs and up
8.21% in the last month
Relative Strength
Index 70.61%
Barchart computes a
technical support level at 91.46
Recently traded at
92.87 with a 50 day moving average of 86.97
Fundamental factors:
Market Cap $ 2.53
billion
P/E 19.86
Revenue expected to
grow 10.70% this year and another 5.90% next year
Earnings estimated to
increase 25.20% this year, an additional 11.00% next year and continue to
increase at an annual rate of 16.55% for the next 5 years
Wall Street analysts
issued 2 strong buy, 2 buy, 4 hold, 1 under perform and a sell recommendation
on the stock
The 50-100 Day MACD Oscillator has been a reliable technical
trading strategy and should continue to be used for entry and exit points on
this stock.
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