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Craft Brewers Alliance - BREW - Chart Of The Day

Jul. 12, 2013 8:16 PM ETBREW
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Long Only, Momentum, Portfolio Strategy

Seeking Alpha Analyst Since 2009

Jim Van Meerten writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.

The Chart of the Day is Craft Brewers Alliance (BREW). The stock is up 77.02% in the past year and has a Relative Strength Index of 84.95%, The stock was right at the top of the New High List with 19 new highs in the last 20 sessions.

The company is engaged in the business of brewing, marketing and selling of craft beers in the United States. It operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names.

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
  • 19 new highs and up 33.20% in the last month
  • Relative Strength Index 84.95%
  • Barchart computes a technical support level at 9.50
  • Recently traded at 9.95 with a 50 day moving average of 7.94

Fundamental factors:


  • Market Cap $187.96 million
  • P/E 457.50
  • Revenue projected to grow 9.20% this year and another 9.30% next year
  • Earnings estimated to increase by 15.40% this year, 80.00% next year and continue to increase by 20.00% annually for the next 5 years
  • 2 Wall Street analysts and Piper Jaffray have issued strong buy recommendations
  • Financial Strength B

This stock looks great - both beer and pubs. As always watch the moving averages to decide when to get out.

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