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TriNet - Barchart's Chart Of The Day

|Includes: TriNet Group, Inc. (TNET)

The Chart of the Day is TriNet (NYSE:TNET). I found the stock by sorting the All Time High list for the with the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend spotter signaled a buy on 1/8 the stock gained 5.89%

TriNet Group, Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses. It offers payroll, tax administration, risk protection, performance management, compensation consulting, and employee benefit plans. The Company serves banking and financial services, biotech and life sciences, technology, non-profits, professional services, venture capital, and advertising and marketing industries.

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 by signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 17.31% in the last month
  • Relative Strength Index 67.18%
  • Barchart computes a technical support level at 32.80
  • Recently traded at 35.21 with a 50 day moving average of 31.94


Fundamental factors:

 

  • Market Cap $2.43 billion
  • Revenue expected to grow 15.00% next year
  • Earnings estimated to increase 23.90% next year and compound annually at a rate of 23.20% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 3 buy and 1 hold recommendation
  • Individual investors on Motley Fool voted 14 to 1 for the stock to beat the market


The 20 day moving average vs the price has been a good way to gauge entry and exit point on this issue,