's Chart of the Day - AdvanSix

The Chart of the Day belongs to AdvanSix (ASIX).  I found the nylon production stock by using Barchart to sort today 52 Week New High list first for the highest weighted Alpha, then for technical buy signals of 80% or more.  I always use the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 9/8 the stock gained 29.77%.

AdvanSix Inc. is a producer and supplier of Nylon 6 materials. The company's polymer resin sold under the Aegis(R) brand to produce engineered plastics, fibers, filaments and films which in turn used in end products such as automotive and electronic components, carpets, sports apparel, fishing nets and food as well as industrial packaging. AdvanSix also produces caprolactam, the main feedstock for producing nylon; Caprannylon film(R); Sulf-N (R) ammonium sulfate fertilizers and chemical intermediates, including phenol, acetone, and Nadone (R) cyclohexanone. AdvanSix Inc. is based in Morris Plains, United States.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 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 web site when you read this report.

Barchart technical indicators:

  • 186.16+ Weighted Alpha

  • 100% technical buy signals

  • Trend Spotter buy signal

  • Above its 20, 50 and 100 day moving averages

  • 14 new highs and up 29.92% in the last month

  • Relative Strength Index 91.83%

  • Technical support level at 42.21

  • Recently traded at 44.69 with a 50 day moving average of 35.07

Fundamental factors:

  • Market Cap $1.32 billion

  • P/E 29.03

  • Revenue expected to grow 7.00% next year

  • Earnings estimated to increase 9.20% next year

  • The Wall Street analysts following the stock issue d strong buy report

  • The individual investors following the stock on Motley Fool voted 6 to 0 that the stock will beat the market


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