Lovesac - At All Time High After Last-Year's All-Time Low

Our chart of the day belongs to the home furnishing company The Lovesac Company (LOVE)  I sorted Barchart's All Time High list first by the highest Weighted Alpha, then used the Flipchart function to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy in 4/6 the stock gained 33.99%. It dropped about 4% on Friday.

The Lovesac Company retails home furnishing products. The Company offers alternative furniture store, sectionals, bean bags, bean bag chairs as well as other accessories such as blankets, footsacs and throw pillows. Its registered trademark consists of Lovesac, Sac and Sactionals. The Lovesac Company is based in Stamford, Connecticut.

Lovesac LOVE

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
  • 343.62+ Weighted Alpha
  • 382.96% gain in the last year [Ed. note: company is 2 yrs old, had dropped to $4 a share last April]
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 4.28% in the last month
  • Relative Strength Index 62.77%
  • Technical support level at 81.50
  • Recently traded at 83.02 with a 50 day moving average of 68.89

Fundamental factors:

  • Market Cap $1.25 billion
  • P/E 98.95
  • Revenue expected to grow 24.20% this year and another 21.80% next year
  • Earnings estimated to increase 165.10% next year and continue to compound at an annual rate of 30.00% for the next 5 years
  • Wall Street analysts issued 6 strong buy recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 49 to 4 the the stock will beat the market
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Disclosure: I am/we are long LOVE.

Disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be ...

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