The Barchart Chart of the Day belongs to the heavy construction company North American Construction Group (NOA). I found the stock by using Barchart to sort today's Top Stocks to Own list by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/11 the stock gained 5.03%.
North American Construction Group Ltd. provides heavy construction and mining services primarily in Canada. It offers services to large oil, natural gas and resource companies. American Construction Group Ltd, formerly known as North American Energy Partners Inc., is based in Alberta, Canada.
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:
- 72% technical buy signals
- 216.60+ Weighted Alpha
- 117.11% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 36.09% in the last month
- Relative Strength index 65.45%
- Technical support level at 10.57
- Recently traded at 11.49 with a 50 day moving average of 8.81
Fundamental factors:
- Market Cap $300 million
- P/E 32.58
- Dividend yield .55%
- Revenue expected to grow 17.80% this year and another 14.30% next year
- Earnings estimated to increase 114.30% this year, an additional 56.70% next year and continue to compound at an annual rate of 11.00% for the next 5 years
- Wall Street analysts issued 1 strong buy and 1 buy recommendation on the stock
