The Barchart Chart of the Day belongs to the retail shoe store company Boot Barn (BOOT). I found the stock by sorting Barchart Top 100 Stocks list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 11/5 the stock gained 14.01%.

Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. The company's products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewelry and accessories; and rugged footwear, outerwear, overalls, denims, and shirts, as well as safety-toe boots, and flame-resistant and high-visibility clothing. It sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings, Inc. is headquartered in Irvine, California.

(Click on image to enlarge)

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 may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• 132.78+ Weighted Alpha
• 161.52% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 12.64% in the last month
• Relative Strength Index 62.32%
• Technical support level at 43.24%
• Recently traded at 44.77 with a 50 day moving average of 40.74

Fundamental factors:

• Market Cap $1.28 billion
• P/E 28.10
• Revenue expected to grow 11.50% this year and another 11.50% next year
• Earnings estimated to increase 28.50% this year, an additional 18.20% next year and continue to compound at an annual rate of 20.00% for the next 5 years
• Wall Street analysts issued 8 strong buy and 4 hold recommendations  on the stock
• The individual investors following the stock on Motley Fool voted 68 to 4 that the stock will beat the market
• 2,546 investors are monitoring the stock on Seeking Alpha