Summary

• 100% technical buy signals.
• 14 new highs and up 36.96% in the last month.
• 293.60% gain in the last year.

The Barchart Chart of the Day belongs to the oil and gas company Devon Energy (NYSE: DVN).   I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 8/25 the stock gained 36.83%.

Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. and Canada with an emphasis on a balanced portfolio. The Company is the second-largest oil producer among North American onshore independents.  It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. 

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
• 283.45+ Weighted Alpha
• 293.60% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50, and 100 day moving averages
• 14 new highs and up 36.96% in the last month
• Relative Strength Index 80.56%
• Technical support level at 37.67
• Recently traded at 39.89 with a 50 day moving average of 29.35

Fundamental factors:

• Market Cap $26.25 billion
• P/E 36.45
• Dividend yield 1.20%
• Revenue expected to grow 124.10% this year, and another 11.00% next year
• Earnings are estimated to increase 3,288.90% this year, an additional 44.90% next year, and continue to compound at an annual rate of 25.00% for the next 5 years
• Wall Street analysts issued 10 strong buy, 13 buy, and 9 hold recommendations on the stock
• The individual investors following the stock on Motley Fool voted 1,994 to 68 that the stock will beat the market with the move experienced investors voting 230 to 11 for the same result
• The experts on TipRanks give the stock a 9 out of 10 rating
• 54,640 investors are monitoring the stock on Seeking Alpha