Summary
- Still a 40% technical sell signals but increasing to a buy.
- 14 new highs and a 47.26% gain in the last month.
- Analyst's price targets from 32.00 to 100.00.
The Chart of the Day belongs to the pet food company Freshpet ( FRPT ). I found the stock by sorting the Russell 3000 Index stocks first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 9/28, the stock gained 19.19%.
FRPT Prices vs Daily Moving Averages (Barchart)
Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey. (Source: Seeking Alpha)
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:
- 40% technical sell signals but increasing to buy
- 42.40 negative Weighted Alpha
- 58.23% loss in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 47.26% in the last month
- Relative Strength Index 79.31%
- Technical support level at 56.48
- Recently traded at 60.39 with 50 day moving average of 47.19
Fundamental factors:
- Market Cap $2.82 billion
- Revenue expected to increase 36.30% this year and another 29.60% next year
- Earnings estimated to increase 77.60% next year and continue to compound at an annual rate of 115.80% for the next 5 years
For further details see:
Freshpet Is Turning Around