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

Broadridge Financial Solutions - Chart Of The Day

|Includes: Broadridge Financial Solutions, Inc. (BR)

The Chart of the Day is Broadridge Financial Solutions (NYSE:BR). I found the stock by sorting the All Time High list for stock with the most frequent new highs in the last month, then used the Flipchart feature to review the charts,

Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions. Broadridge offers a broad, integrated suite of innovative global solutions across the investment life cycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.

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
  • 21 new highs and up 14.43% in the last month
  • Relative Strength Index 74.94%
  • Barchart computes a technical support level at 44.60
  • Recently traded at 45.06 with a 50 day moving average of 42.29


Fundamental factors:

 

  • Market Cap $5.41 billion
  • P/E 20.85
  • Dividend yield 2.40%
  • Revenue expected to grow 5.30% this year and another 5.70% next year
  • Earnings estimated to increase 10.20% this year, an additional 10.92% next year and continue to compound at an annual rate of 12.00% for the next 5 years
  • Wall Street analysts issued 3 buy and 4 hold recommendations on the stock

Use the 100 day moving average to determine an exit point,