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HudBay - Chart Of The Day

Dec. 01, 2020 2:14 PM ETHudbay Minerals Inc. (HBM)
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  • 100% technical buy signals.
  • 17 new highs and up 48.34% in the last month.
  • 104.88% gain in the last year.

The Barchart Chart of the Day belongs to the mining company 

HudBay Minerals (HBM).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 11/3 the stock gained 48.34%.  

HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc. is headquartered in Toronto, Canada.

HBM HudBay Minerals

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signal
  • 140.20+ Weighted Alpha
  • 104.88% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 48.34% in the last month
  • Relative Strength Index 77.64%
  • Technical support level at 6.16
  • Recently traded at 6.64 with a 50 day moving average of 4.95

Fundamental factors:

  • Market Cap $1.65 billion
  • Dividend yield .12%
  • Revenue expected to grow 8.50% this year and another 5.90% next year
  • Earnings estimated to increase 26.20% this year, an additional 41.60% next year and continue to compound at an annual rate of 71.25% for the next 5 years
  • Wall Street analysts issued 3 strong buy and 3 buy recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 64 to 20 that the stock will beat the market
  • 4,730 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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