The Chart of the Day belongs to PBF Energy ($PBF). I found the petroleum refining stock by using Barchart to sort today's New High list for the highest number of new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/1 the stock gained 29.71%.
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 34.67% in the last month
Relative Strength Index 76.01%
Barchart computes a technical support level at 38.91
Recently traded at 40.78 with a 50 day moving average of 32.66
Fundamental factors:
Market Cap $3.91 billion
P/E 8.48
Dividend yield 2.99%
Revenue expected to decline 33.30% this year but increase again by 19.70% next year
Earnings estimated to decrease 11.50% this year but increase again by 12.00% next year and continue to compound at an annual rate of 7.85% for the next 5 years
The Wall Street analysts are all over the map with 5 strong buy, 3 buy, 5 hold, 1 under perform and a sell recommendation.
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