This morning I added Dot Hill Systems (NASDAQ:HILL) to the Barchart Van Meerten Speculative portfolio for positive price trends. Dot Hill Systems Corp. is the leading independent provider of carrier-class data storage solutions for Internet-generation applications. With solutions that include storage area networks and disaster-tolerant systems for telco and Internet operations, Dot Hill is uniquely positioned to address the storage requirements of mission-critical continuous computing environments. Its customers include many of the world's leading Internet service providers, financial institutions, advanced technology and telecommunications companies, and government agencies.
With 16 new highs and a price appreciation of 89.02% in the last month, the stock has earned a 100% Barchart technical buy signal. The stock trades around 3.17 with a 50-day moving average of 2.00 and has a Relative Strength Index of 76.83% ... and it's rising.
Only one Wall Street brokerage is following the stock but they look for a 41.40% increase in EPS this year and 94.10% next year.
Surprisingly there is wide and positive investor sentiment with the CAPS members on Motley Fool voting 56 to 17 that the stock will beat the market, and the All Stars agree 13 to 6.
Although this stock does not have a big following on Wall Street, the general investor has found it and the positive price trend is why I like it.
Disclosure: I am long HILL.