Chart Of The Day: I Bought A Solo Stove - You Can Buy The Company

  • 100% technical buy signals
  • 11 new highs and up 92.55% in the last month
  • 38.55+ Weighted Alpha

The Chart of the Day belongs to the company that makes Solo Stoves - Solo Brands (DTC). 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 3/10 the stock gained 45.90%.

(Click on image to enlarge)

DTC Price vs Daily Moving Averages

Solo Brands, Inc. operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories. It also offers swim trunks, casual shorts, sport products, polos, shirts, and lounge products under the Chubbies brand name; consumables, such as color packs, starters, natural charcoal, and firewood products; and accessories comprising shelters, shields, roasting sticks, tools, paddles, and pumps under the Solo Stove, Oru, and ISLE brands. Solo Brands, Inc. was founded in 2011 and is headquartered in Grapevine, Texas.

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 website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 38.55+Weighted Alpha
  • 2.56% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 92.55% in the last month
  • Relative Strength Index 80.54%
  • Recently traded at $8.01 with 50 day moving average of $5.14.

Fundamental Factors:

  • Market Cap $727 million
  • Revenue expected to grow 4.20% this year and another 12.70% next year
  • Earnings are estimated to increase 23.30% next year and to continue to compound at an annual rate of 7.50% for the next 5 years

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 issued 5 strong buy and 3 buy opinions on the stock
  • Their price targets are $8.00 to $10.00 about another 12% gain
  • CFRAs MarketScope has a hold rating
  • 851 investors monitor the stock on Seeking Alpha

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

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