DocuSign - Stock Of The Day

My pick for Barchart Chart of the Day is the e-signature company DocuSign (DOCU)  I decided to see if there were any stock that were on all 3 lists and there it was. There was a new Trend Spotter buy signal on 3/31.

DocuSign Inc. provides e-signature solutions. The Company offers services to mortgage, non-profit, government, real estate, insurance, technology and healthcare industries. Its product portfolio includes trial, single-user, multi-user, business pro, enterprise pro, standards-based signatures, DocuSign transaction rooms for real estate, DocuSign payments and enotary. DocuSign Inc. is based in San Francisco.

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DocuSign DOCU

Barchart technical indicators:

  • 88% technical buy signals
  • 83.50+ Weighted Alpha
  • 76.62% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 6.70% in the last month
  • Relative strength Index 62.05%
  • Technical support level at 88.68
  • Recently traded at 92.09 with a 50 day moving average of 82.21

Fundamental factors:

  • Market Cap $16.58 billion
  • Revenue expected to grow 29.40% this year and another 26.40% next year
  • Earnings estimated to increase 58.70% this year, an additional 71.40% next year and continue to compound at an annual rate of 25.30% for the next 5 years
  • 13 Wall Street analysts following the stock issued 9 strong buy, 1 buy and 3 hold recommendations
  • The individual investors following the stock on Motley Fool voted 262 to 4 that the stock will beat the market
  • 20,911 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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