The Barchart Chart of the Day belongs to the sporting goods stock Clarus(OTC:CLAR). I found the stock by using Barchart to sort today's New 52 Week High list forst by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation in the last 6 months. Since the Trend Spotter signaled a buy on 7/23 the stock gained 26.19%.
Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT.
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
- 64.15+ Weighted Alpha
- 63.57% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 30.25% in the last month
- Relative Strength Index 85.27%
- Technical support level at 10.32
- Recently traded at 10.60 with a 50 day moving average of 8.48
Fundamental factors:
- Market Cap $314 million
- P/E 25.24
- Revenue expected to grow 22.70% this year and another 7.20% next year
- Earnings estimated to increase 243.80% this year, an additional 32.70% next year and continue to compound at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 3 strong buy and 1 hold recommedation on the stock
