Photo by Wance Paleri on Unsplash
 

The Chart of the Day belongs to the metal fabricator Mueller Industries (MLI). 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 5/3 the stock gained 17.61%.

(Click on image to enlarge)

MLI Price vs Daily Moving Averages

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling. It also resells steel pipes, brass and plastic plumbing valves, malleable iron fittings and faucets, and plumbing specialties; and supplies water tubes. This segment sells its products to wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs). The Industrial Metals segment manufactures brass, bronze, and copper alloy rods; plumbing brass, valves, fittings, and gas assemblies; cold-form aluminum and copper products; machining of aluminum, steel, brass, and cast iron impacts and castings; brass and aluminum forgings; brass, aluminum, and stainless-steel valves; fluid control solutions; and gas train assembles to OEMs in the industrial, construction, HVAC, plumbing, and refrigeration markets. The Climate segment offers valves, protection devices, and brass fittings for various OEMs in the commercial HVAC and refrigeration markets; high-pressure components and accessories for the air-conditioning and refrigeration markets; coaxial heat exchangers and twisted tubes for the HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets; and insulated HVAC flexible duct systems. Mueller Industries, Inc. was founded in 1917 and is headquartered in Collierville, Tennessee.

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
• 62.41+Weighted Alpha
• 44.05% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 11 new highs and up 15.39% in the last month
• Relative Strength Index 71.93
• The technical support level at $77.06
• Recently traded at $85.88 with a 50-day moving average of $73.45
   

Fundamental Factors:

• Market Cap $4.63 billion
• P/E 6.60
• Dividend yield 1.53%
• Revenue projected to grow by 4.90% next year
• Earnings estimated to increase 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 a strong buy  opinion on the stock
• Analyst price target is $100 for a 16.49% gain
• The individual investors on Motley Fool voted 184 to 8 for the stock to beat the market with the more experienced investors voting 38 to 0 for the same result
• Value Line rates the stock an above-average 2 with an 18-month price target of 94 for a 15% gain
• CFRAs MarketScope rates it a strong buy
• 4,850 investors monitor the stock on Seeking Alpha

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