GO - Grocery Outlet: You've Got To Eat
- 100% technical buy signals.
- 9 new highs and up 10.88% in the last month.
- 23.32% gain in the last year.
- Analysts' price targets as high as 48.00.
The Chart of the Day belongs to the grocery chain Grocery Outlet Holding Corp ( GO ). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 5/13 the stock gained 14.57%.
GO vs Daily Moving Averages ( )
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of May 10, 2022, it had approximately 420 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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 website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals but increasing
- 46.30+ Weighted Alpha
- 23.32% gain in the last year
- Trend Spotter buy signal
- Above its 20-, 50- and 100-day moving averages
- 9 new highs and up 10.88% in the last month
- Relative Strength Index 63.35%
- Technical support level at 41.84
- Recently traded at 42.40 with 50-day moving average of 37.15
Fundamental factors:
- Market Cap $4.11 billion
- P/E 41.84
- Revenue expected to grow 10.80% this year and another 11.10% next year
- Earnings estimated to increase 8.90% this year an additional 17.30% next year and continue to compound at an annual rate of 11.32% for the next 5 years
For further details see:
Grocery Outlet: You've Got To Eat