The Barchart Chart of the Day belongs to the big and tall men's apparel chain Destination XL Group (DXLG). I found the stock by using Barchart's screener to screen for any stock that has a technical buy signal of 80% or more and a Weighted Alpha of 50.00+. Today only 34 of the 4900 stocks in the database made the grade. I sorted the results by the most frequent number of new highs in the last month and used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 8/8 the stock gained 43.72%.
Destination XL Group, Inc. is a multi-channel specialty retailer of big & tall men's apparel with operations throughout the United States, Canada and Europe. It operates under six brands: Destination XL(R), Casual Male XL, Rochester Clothing, B&T Factory Direct, ShoesXL and LivingXL. Its stores offer sportswear, dress clothing, footwear, suits, loungewear, neckwear, and accessories, basic items and lifestyle products. The Company also has electronic commerce and catalog operations. Destination XL Group, Inc., formerly known as Casual Male Retail Group Inc., is headquartered in Canton, Massachusetts.
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
- 57.80+ Weighted Alpha
- 58.40% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 23.60% in the last month
- Relative Strength Index 69.80%
- Technical support level at 3.03
- Recently traded at 3.09 with a 50 day moving average of 2.61
Fundamental factors:
- Market Cap $153 million
- Revenue expected to grow .50% this year and another 4.00% next year
- Earnings estimated to increase 53.80% this year, an additional 116.70% next year and continue to compound at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 1 strong buy and 1 buy recommendation on the stock
- The individual investors who follow the stock on Motley Fool voted 73 to 34 that the stock will beat the market
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in DXLG over the next 72 hours.
