Image Source: Pixabay
 

The Chart of the Day belongs to the footwear retailer Shoe Carnival (SCVL). 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 7/11 the stock gained 6.89%.

SCVL Price vs Daily Moving Averages

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.

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
• 71.29+ Weighted Alpha
• Gained 73.63% in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 8.77% in the last month
• Relative Strength Index 67.30%
• Technical support level at $38.83
• Recently traded at $41.69 with 50 day moving average of $37.10
   

Fundamental Factors:

• Market Cap $1.08 billion
• P/E 14.01
• Dividend yield 1.28%
• Revenue is expected to grow 5.70% this year and another 5.60% next year
• Earnings are estimated to increase an additional 15.20% next year and continue to compound at an annual rate of 10.00% 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 1 strong buy, 1 buy and 2 hold opinion on the stock
• Analysts' consensus price target is $42.00
• Value Line rates the stock its highest ration of 1
• CFRAs MarketScope rates it buyd
• Morningstar rates it as average 3 star with a fair value of $41.78 or 4% over valued

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