The Chart of the Day is Heartland Payment Services (HPY). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 10/8 the stock gained 2.88%.
Heartland Payment Systems, Inc. provides bank card-based payment processing services to small- and medium- sized merchants in the United States. Heartland facilitates the exchange of information and funds between merchants and cardholders' financial institutions, providing end-to- end electronic payment processing services to merchants, including merchant setup and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support and risk management.
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:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 7.63% in the last month
- Relative Strength Index 69.55%
- Barchart computes a technical support level at 50.14
- Recently traded at 51.97 with a 50 day moving average of 48.19
Fundamental factors:
- Market Cap $1.85 billion
- P/E 23.89
- Dividend yield .68%
- Revenue expected to grow 9.90% this year and another 15.80% next year
- Earnings estimated to increase 2.20% this year, an additional 26.20% next year and continue to compound at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 2 strong buy, 5 buy and 12 hold recommendation on the stock
The market got frothy and has let some air put. This stock seems unaffected but I'd still use the 50 and 100 day moving averages as my disciplined exit point.