Cavco Industries - Chart Of The Day

The Barchart Chart of the Day belongs to the mobile home company Cavco Industries (CVCO). I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals then sorted that list by the most frequent number of new highs in the last month. Next, I used the Flipchart feature to review the chars for consistent price appreciation. Since the Trend Spotter signaled a buy on 1/13 the stock gained 9.54%.

Cavco Industries, Inc. designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. The Company is one of the largest producers of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, and Chariot Eagle. The Company is also a leading producer of park model RVs, vacation cabins, and systems-built commercial structures. Cavco Industries is focused on building quality, energy-efficient homes for the modern-day home buyer. Green building involves the creation of an energy-efficient envelope including higher utilization of renewable materials. These homes provide environmentally-friendly maintenance requirements, high indoor air quality, specially designed ventilation systems, best use of space, and passive solar orientation.

CVCO Cavco 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 are 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
  • 51.10+ Weighted Alpha
  • 53.41% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 16.41% in the last month
  • Relative Strength index 83.62%
  • Technical support level at 217.87
  • Recently traded at 224.71 with a 50 day moving average of 199.66
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Disclosure: None.

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