FactSet Proves Analysts Wrong
Summary
- 100% technical buy signals.
- 16 new highs and up 7.00% in the last month.
- 35.94% gain in the last year.
The Barchart Chart of the Day belongs to the financial services firm FactSet Research Systems (NYSE: FDS). I found the company by sorting Barchart's All Time High list first by the highest number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/29 the stock gained 17.32%.
FactSet Research Systems Inc., a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
Barchart technical indicators:
- 100% technical buy signals
- 45.63+ Weighted Alpha
- 35.94% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 7.00% in the last month
- Relative Strength Index 64.51%
- Technical support level at 463.80
- Recently traded at 462.82 with a 50 day moving average of 428.41
Fundamental factors:
- Market Cap $17.64 billion
- P/E 41.91
- Dividend yield .70%
- Revenue expected to grow 23.80% this year and another 3.70% next year
- Earnings estimated to increase 18.00% this year, an additional 9.50% next year and continue to compound at an annual rate of 7.18% for the next 5 years
- Wall Street analysts aren't high in the stock with 2 buy, 7 hold, 3 under perform and 4 sell recommendations on the stock
- However, the individual investors following the stock on Motley Fool voted 440 to 17 that the stock will beat the market with the more experienced investors voting 119 to 1 for the same result
- 7,860 investors are monitoring the stock on Seeking Alpha
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...
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