The Chart of the Day belongs to Carter’s (CRI). I found the children’s apparel stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 10/26 the stock gained 15.33%
Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target.
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 Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 10.84% in the last month
- Relative Strength Index 77.69%
- Technical support level at 111.38
- Recently traded at 112.68 with a 50 day moving average of 101.22
Fundamental factors:
- Market Cap $5.32 billion
- P/E 21.21
- Dividend yield 1.33
- Revenue expected to grow 6.20% this year and another 5.50% next year
- Earnings estimated to increase 9.30% this year, an additional 10.10% next year and continue to compound at an annual rate of 9.07% for the next 5 years
- Wall Street analysts issued 6 strong buy and 3 hold recommendations on the stock
|
|