The Barchart Chart of the Day belongs to Denbury Resources (DNR). I found the oil and gas exploration stock by using Barchart to sort today's Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation over the last 6 months. Since the Trend Spotter signaled a buy on 3/21 the stock gained 52.40%.
Denbury Resources Inc. is oil and gas company engaged in the exploration, production and development of natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. It also has properties primarily located in Montana, North Dakota, Utah, and Wyoming. Denbury Resources Inc is headquartered in Plano, Texas.
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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:
- 96% technical buy signals
- 157.32+ Weighted Alpha
- 140.94% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 31.21% in the last month
- Relative Strength Index 79.20%
- Technical support level at 3.95
- Recently traded at 4.14 with a 50 day moving average of 3.05
Fundamental factors:
- Market Cap $1.81 billion
- P/E 14.00
- Revenue expected to grow 10.40% this year and another 9.70% next year
- Earnings estimated to increase 192.40% this year, an additional 34.10% next year and continue to compound at an annual rate of 95.92% for the next 5 years
- Despite these glowing predictions Wall Street analysts issued 1 strong buy, 8 hold and 2 under perform recommendations on the stock
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