The Barchart Chart of the Day belongs to the business information company Equifax (EFX). I found the stock by sorting Barchat's Top Stocks to Own list 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 6/5 the stock gained 3.25%.
Equifax Inc. is a global information solutions company that uses unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. Equifax's core expertise is the ability to process millions of data records submitted by its members and convert it into usable information for its customers, who use it for consumer and business lending decisions and intelligence. Value added products like credit risk management and analysis, risk management solutions, fraud detection triggers, decisioning technologies, marketing tools and much more are also provided from the same information bank. The information serves multiple industries including banking and financial services, insurance, telecom, background verification agencies etc. Individual consumers are empowered to manage their personal credit information, protect their identity.
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 website when you read this report.
Barchart technical indicators:
- 96% technical buy signals
- 16.90+ Weighted Alpha
- 5.35% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 11.26
- Relative Strength Index 67.50%
- Technical support level at 130.90
- Recently traded at 132.12 with a 50 day moving average of 124.10
Fundamental factors:
- Market Cap $16 billion
- P/E 23.60
- Dividend yield 1.19%
- Revenue expected to grow 1.60% this year and another 5.70% next year
- Earnings estimated to decrease 2.60% this year increase again by 9.20 next year and continue to compound at an annual rate of 2.99% for the next 5 years
- Wall Street analysts issued 3 strong buy, 7 buy and 6 hold recommendations on the stock
- The individual investors following the stock on Motley Fool voted 129 to 27 that the stock will beat the market
- 9,391 investors are following the stock on Seeking Alpha
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: At one point in the 1970's I was both an employee and stock holder of Retail Credit Company and Equifax
