• 100% technical buy signals
• 16 new highs and up 16.64% in the last month
• Analysts have 4 strong buy recommendations

The Chart of the Day belongs to the Tex-Mex restaurant chain Chuy's (CHUY). 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  1/10 the stock gained 3.81%.

(Click on image to enlarge)

CHUY Price vs Daily Moving Averages

Chuy's Holdings, Inc., through its subsidiaries, owns and operates full-service restaurants under the Chuy's name in the United States. It operates 105 restaurants in 16 states, including the Southeastern and Midwestern United States. The company was founded in 1982 and is headquartered in Austin, 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 Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 45.61+Weighted Alpha
• 35.48% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100-day moving averages
• 16 new highs and up 16.64% in the last month
• Relative Strength Index  59.21%
• Recently traded at $33.30 with 50-day moving average of $31.15

Fundamental Factors:

• Market Cap $ 607 million
• P/E 23.36
• Revenue expected to grow by 6.20% this year and another 8.80% next year
• Earnings estimated to decrease 31.20% this year, but increase again next year by 12.30% and continue to increase at an annual rate of 15.00% 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 analysts have 4 strong buy and 4 hold opinions in place on this stock
• Analysts have price targets from $28 to $38 (wide range) with an average of $32.50 (about where it is today)
• The individual investors Following the stock on Motley Fool voted 98 to  12 for the stock to beat the market with the more experienced investors voting 17 to 5 for the same result
• Value Line gives it a  3 performance rating putting it in the top 6% of stocks covered
• CFRA's MarketScope give it a  Buy rating 
• 3,690 investors monitor the stock on Seeking Alpha

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