Chart of the Day - Axalta Coating Systems (AXTA)

The Chart of the Day belongs to Axalta Coating Systems (AXTA) I found the stock by sorting the   All Time High list for the stocks with the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/19 the stock gained 16.23%.

Axalta Coating Systems Ltd. is a global coatings company engaged in the manufacturing, marketing and distribution of coatings systems. The company offers waterborne and solvent borne coatings; liquid and powder coatings; and liquid coatings. It provides a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. The Company's products and services include paint, color matching tools, application technologies and customer training, support and business management systems.

Fundamental factors:

• Market Cap $7.42 billion
• Revenue expected to grow 5.20% next year
• Earnings estimated to increase 19.10% this year, an additional 27.40% next year and continue to increase at an annual rate of 20.02% for the next 5 years
• Wall Street analyst issued 1 strong buy, 6 buy and 4 hold recommendations on the stock

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Trade of the Day: Buying T-Mobile US Inc (NYSE:TMUS) Stock Looks Like a Good Call

T-Mobile US Inc (NYSE:TMUS) — This wireless provider extended its disruptive “Uncarrier” campaign to its business customers in March, offering a simplified pricing plan for clients looking to bundle a large number of lines. This should help the company grow its small- and medium-size business customers, where price is more of a factor than with large companies.
On April 28, T-Mobile reported better-than-expected sales and earnings for the first quarter and the addition of 1.8 million net customers. (more)

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Stocks To Watch: ZIOP, HEB, WEN, IACI, SABR, SBNY

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ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) is a very interesting stock that had a big move this year. It has been in a bullish consolidation over the last two months and the consolidation has taken the form of a wedge or triangle with higher lows. A positive divergence is setting up between price and the MACD histogram (Bullish). Breakout watch over $10

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Hemispherx BioPharma, Inc (NYSEMKT:HEB) has already started its uptrend and I believe the momentum is pushing for a breakout. The stock has recently witnessed growing volume levels. A break through 28c could lead to a target area of 33-35c. This play is clearly on the move.

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Wendys Co (NASDAQ:WEN) has started to bounce and broke out of a descending channel today on above average volume. The stock seems to be ready for another run up. Some technicals are turning up here. Further strength above 11.44 opens the door to new highs.

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IAC/InterActiveCorp (NASDAQ:IACI) finally broke above key resistance in today's trading session after a period of consolidation. I like this stock and will be watching it again on Thursday, expecting to see a continuation move. Resistance for tomorrow is $74.04, which was today's high.

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Sabre Corp (NASDAQ:SABR) Flagging for a move higher. Watch for a break over 26.04 on volume.

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Signature Bank (NASDAQ:SBNY) had good volume and a nice candlestick today. Daily technical indicators are bullish. Watch for break above 138.17 on vlm and go long.

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American Axle & Manufacturing Holdings, Inc. (NYSE: AXL)

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the United States, Canada, Mexico, South America, Asia, Europe, and internationally. Its products include axles, drive heads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems, and metal-formed products that transfer power from the transmission to the drive wheels. The company offers its products for light trucks, sport utility vehicles, passenger cars, and crossover and commercial vehicles.

Take a look at the 1-year chart of American Axle (NYSE: AXL) with the added notations:
1-year chart of American Axle (NYSE: AXL)

AXL had been in a solid upward climb since its October low. However, over the last 3 or 4 months the stock has been finding support at $24 (blue). Now that the stock is there again, traders should be able to expect some sort of bounce. However, if the $24 support were to break, lower prices should follow.
The Tale of the Tape: AXL has a key level of support at $24. A trader could enter a long position at $24 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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