• 100% technical buy signals
• 10 new highs and up 31.58% in the last month
• 75.05+ Weighted Alpha

The Chart of the Day belongs to the specialty chemical company  Hawkins (HWKN). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/7 the stock gained 20.02%.

(Click on image to enlarge)

HWKN Price vs Daily Moving Averages

Hawkins, Inc. operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries. This segment manufactures sodium hypochlorite and agricultural products, as well as various food-grade and pharmaceutical products, such as liquid phosphates, lactates, and other blended products; and receives, stores, and distributes various chemicals comprising liquid caustic soda, sulfuric acid, hydrochloric acid, urea, phosphoric acid, aqua ammonia, and potassium hydroxide. It also repackages water treatment chemicals and bulk industrial chemicals; and performs custom blending of chemicals. The Water Treatment segment provides chemicals, products, equipment, services, and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water, and agriculture water. The Health and Nutrition segment offers ingredient distribution, processing, and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement and other nutritional food, and health and wellness products. Its products portfolio includes minerals, vitamins and amino acids, excipients, joint products, botanicals and herbs, sweeteners, and enzymes. The company was founded in 1938 and is headquartered in Roseville, Minnesota.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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
• 75.05+ Weighted Alpha
• 47.50% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 31.58% in the last month
• Relative Strength Index 79.79%
• Technical support level at $58.79
• Recently traded at $61.38 with 50 day moving average of $50.43

Fundamental Factors:

• Market Cap 1.26 billion
• P/E 19.21
• Dividend yield 1.01%
• Revenue expected to grow .50% this year
• Earnings estimated to increase 18.90% this year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts gave 1 buy opinion on the stock
• The individual investors following the stock on Motley Fool voted 209 to 11 for the stock to beat the market with the more experienced investors voting 39 to 4 for the same result
• Value Line gives the stock its above average rating of 2
• CFRA's MarketScope rates it a strong buy
• 1,810 investors monitor the stock on Seeking Alpha

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