Ritchie Bros. Auctioneers - All-Time High

Summary

• 100% technical buy signals.
• 16 new highs and up 48.65% in the last month.
• 62.85% gain in the last year.

The Barchart Chart of the Day belongs to the industrial auctioneer Ritchie Brothers Auctioneers (RBA), I found the stock by sorting Barchart's All-Time High list first by the most frequent number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/21 the stock gained 48.44%.

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. It also offers live auction events with online bidding. The company sells used equipment to its customers through live, unreserved auctions at 40 auction sites worldwide. It serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. The company operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, and internationally. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.

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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:

• 100% technical buy signals
• 82.86+ Weighted Alpha
• 62.85% gain in the last month
• Trend Spotter buy signal
• Above its 20 50 and 100 day moving averages
• 16 new highs and up 48.65% in the last month
• Relative Strength Index 91.29%
• Technical support level at 61.12
• Recently traded at 63.37 with a 50 day moving average of 44.91

Fundamental factors:

• Market Cap $6.73 billion
• P/E 43.42
• Dividend yield 1.29%
• Revenue expected to grow 8.20% next year
• Earnings are estimated to increase 6.60% this year, an additional 15.90% next year and continue to compound at an annual rate of 7.00% for the next 5 years
• Wall Street analysts issued 3 strong buy, 2 buy, 8 hold and 2 sell recommendations on the stock
• The individual investors following the stock on Motley Fool voted 134 to 6 that the stock will beat the market
• 2,260 investors are monitoring the stock on Seeking Alpha