Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Kaiser Aluminum - Barchart's Chart Of The Day

|Includes:Kaiser Aluminum Corporation (KALU)

The Chart of the Day belongs to Kaiser Aluminum (NASDAQ:KALU). I found the stock by sorting today's New High list for new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/5 the stock gained 12.23%.

KALU is a leading producer of fabricated aluminum products for aerospace and high strength, general engineering, automotive, and custom industrial applications. Repeatedly acknowledged as `Best in Class` among its global customer base, their 11 fabrication plants typically produce and ship more than 500 million pounds of product annually.

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% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 10.92% in the last month
  • Relative Strength Index 78.38%
  • Barchart computes a technical support level at 77.12
  • Recently traded at 80.00 with a 50 day moving average of 73.50

Fundamental factors:

 

  • Market Cap $ 1.44 billion
  • P/E 22.25
  • Dividend yield 1.79%
  • Revenue expected to grow 3.90% this year and another 7.40% next year
  • Earnings estimated to increase by 2.50% this year, an additional 25.70% next year and continue to increase at an annual rate of 15.00% for the next 5 years
  • Wall Street analyst issued 3 strong buy, 1 buy and 4 hold recommendations on the stocks
Stocks: KALU