Thursday, August 6, 2015

Chart of the Day: Comfort Systems USA (FIX)‏

The Chart of the Day is Comfort Systems USA (FIX).  I found the heating and air conditioning products stock by using Barchart to sort the All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled  a buy on 6/23 the stock gained 22.36%.

Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities.

Technical factors:
  • 100% Barchart technical buy signals
  • 110.70+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 24.22% in the last month
  • Relative Strength Index 79.76%
  • Barchart computes a technical support level at 27.07
  • Recently traded at 28.63 with a 50 day moving average of 23.66
Fundamental factors:
  • Market Cap $1.07 billion
  • P/E 31.06
  • Dividend yield .87%
  • Revenue expected to grow 11.90% this year and another 8.60% next year
  • Earnings estimated to increase 49.20% this year, an additional 41.50% next year and continue to increase at an annual rate of 15.65% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 hold recommendations on the stock

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