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Interface - All Time High

|Includes: Interface, Inc. (TILE)

The Chart of the Day belongs to Interface (NASDAQ:TILE). I found the stock by using Barchart to sort today's All Time High list for the stocks with the highest technical buy signals, ten used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/30 the stock gained 12.47%.

Interface, Inc. is a global manufacturer, marketer, installer and servicer of products for the commercial and institutional interiors market. They are a leader in the modular carpet segment, which includes both carpet tile and two-meter roll goods. They provide specialized carpet replacement, installation and maintenance services through their Re:Source Americas service network. Their specialty products operations produce raised/access flooring systems, antimicrobial additives, adhesives and various other specialty chemical compounds and products.

The status of 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
  • 7 new highs and up 10.24% in the last month
  • Relative Strength Index 75.53%
  • Barchart computes a technical support level at 22.40
  • Recently traded at 24.29 with a 50 day moving average of 21.75


Fundamental factors:

 

  • Market Cap $1.62 billion
  • P/E 29.79
  • Dividend yield .71%
  • Revenue expected to grow 4.10% this year and another 6.90% next year
  • Earnings estimated to increase 74.20% this year, an additional 19.40% next year and continue to increase at an annual rate of 22.70% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 4 buy and 2 hold recommendations on the stock


The 50-100 Day MACD Oscillator has been an effective technical trading strategy on this stock and should continue to be used for entry and exit points.