ChannelAdvisor - Stock Of The Day

Summary

  • 100% technical buy signals.
  • 15 new highs and up 40.51% in the last month.
  • 154.77% gain in the last year.

The Barchart Chart of the Day belongs to the software applications company ChannelAdvisor (NYSE: ECOM).   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 12/17 the stock gained 46.73%.  

ChannelAdvisor Corporation provides software-as-a-service (SAAS) solutions in the United States and internationally. The company's SaaS, a cloud platform that helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness. Its suite of solutions include various modules, including Marketplaces module that connects customers to third-party marketplaces; and Digital Marketing module, which connects customers to compare shopping Websites that allow customers to advertise products on search engines. The company also offers Where to Buy solution that allows brands to provide their Web visitors or digital marketing audiences with information about the authorized resellers that carry their products and the availability of those products; and Product Intelligence, a solution that provides brands with insights about online assortment, product coverage gaps, pricing trends, and adherence by their retailers to content guidelines. Its customers include online businesses of brands and retailers, as well as advertising agencies that use its solutions on behalf of their clients. The company was founded in 2001 and is headquartered in Morrisville, North Carolina.

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Disclosure: 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 ...

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