Industrias Bachoco - Mexican Poultry Producer

Chart Of The Day: Industrias Bachoco - Mexican Poultry Producer

  • 100% technical buy signals
  • 12 new highs and up 6.76% in the last month
  • 40.97+ Weighted Alpha

The Chart of the Day belongs to the Mexican poultry producer Industrias Bachoco (IBA). 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 /11 the stock gained  4.71%.

(Click on image to enlarge)

IBA Price vs Daily Moving Averages

Industrias Bachoco, S.A.B. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. The company operates in two segments, Poultry and Others. It is primarily involved in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products. The company also produces and distributes pork, fish, turkey, pet food, cattle, and beef products, as well as medicines and vaccines for animal consumption; and provides administrative and operating services. In addition, it provides insurance coverage to its affiliates. It sells its products through wholesalers and retailers, as well as directly to supermarkets and foodservice operators. The company was founded in 1952 and is headquartered in Celaya, Mexico. Industrias Bachoco, S.A.B. de C.V. is a subsidiary of Robinson Bours Family Trust.

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 website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 40.97+Weighted Alpha
  • 42.06% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100-day moving averages
  • 12 new highs and up 6.76% in the last month
  • Relative Strength Index 67.61%
  • Recently traded at $54.68 with 50-day moving average of $52.21.

Fundamental Factors:

  • Market Cap $ 2.72 billion
  • P/E 8.79
  • Dividend yield .84%
  • Revenue projected to grow 6.50% this year and another .80% next year
  • Earnings estimated to increase 6.00 next year 

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 issued 1 buy opinion on the stock
  • Their price targets is $56.00
  • The individual investors following the stock on Motley Fool voted 159 to 4 for the stock to beat the market with the more experienced investors voting 22 to 0 for the same result
  • 2,080 investors monitor the stock on Seeking Alpha

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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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