Chart Of The Day: Limbach - Engineering And Construction Star
Image Source: Pixabay
The Chart of the Day belongs to the engineering and construction company Limbach Holdings (LMB) 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 8/1 the stock gained 17.78%.
(Click on image to enlarge)
LMB Price vs Daily Moving Averages
Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, and air-conditioning (HVAC) system. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design-build, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and sustainable building solutions and practices. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; sports arenas; cultural and entertainment facilities, and amusement rides and parks; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. The company was founded in 1901 and is headquartered in Warrendale, Pennsylvania.
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
- 344.60+ Weighted Alpha
- 341.70% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100-day moving averages
- 4 new highs and up 20.24% in the last month
- Relative Strength Index 66.09%
- The technical support level at $32.43
- Recently traded at $31.77 with a 50-day moving average of $25.96
Fundamental Factors:
- Market Cap $368 million
- P/E 20.14
- Revenue is expected to grow by .80% this year and another 5.90% next year
- Earnings are estimated to increase 96.90% this year, an additional 23.80% next year and continue to compound at an annual rate of 12.00% 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 analyst gave 3 strong buy opinions on the stock
- Analysts gave price targets of $24 to $42
- Value Line rates it an above-average 2
- CFRAs MarketScope rates it a strong buy
- 6,020 investors monitor the stock on Seeking Alpha
More By This Author:
Chart Of The Day: M/I Homes - This Homebuilder Is On Top
Chart Of The Day: Constellation Energy - Clean Energy
Chart Of The Day: Gentex - Auto Parts Play
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 ...
more