Summary

• 40% technical buy signals.
• 16 new highs and up 26.20% in the last month.
• 39.03% gain in the last year.

The Barchart Chart of the Day belongs to the software company Smartsheet (NYSE: SMAR).   Readers are always asking me how to find stocks that are just beginning to trend before everyone else discovers them. One of the best ways is to look at Barchart's Strong Volume Gains preformatted screener. It identifies stocks that have had significant increases in both volume and price over the past 5 days. Today it identified 410 stocks that fitted that criteria. I sorted that list by the highest number of new highs in the last month then used the Flipchart feature to review the chart for consistent price appreciation. Since the Trend Spotter signaled a buy in 6/4 the stock gained 15.86%.

Smartsheet Inc. provides a cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Dashboards that provides real-time visibility into the status of work to align individuals, managers, and executives; Portals to easily locate and access from any device the resources available for a project without IT assistance; Cardview to organize, share, and act on workflows; and Grid to keep teams on task by easily tracking multiple moving parts. It also provides Projects, which offers interface with capabilities that foster collaboration among teams and organizations to enhance work execution; Calendar that align teams and organizations by connecting deadlines to workflows; Forms that enable business users to collect information in a structured and consistent format; Automated actions that automates repetitive processes; and Integrations that enable organizations and teams to connect, sync, and extend their existing enterprise applications across their workflows to create work execution. In addition, the company offers WorkApps to build easy to navigate apps in a few minutes; Connectors that provide embedded integrations with industry-leading systems of record; Control Center to achieve consistent work execution; Accelerators, which are pre-packaged solutions for specific and repeatable use cases; Dynamic View; Data Uploader; Bridge to build intelligent workflows and automate business processes across platforms; 10,000ft to plan and allocate resources across projects; and Brandfolder. It serves aerospace, automotive, biotechnology, consumer, e-commerce, education, finance, government, healthcare, IT services, marketing, media, non-profit, publishing, software, technology, and travel sectors. The company was formerly known as Smartsheet.com, Inc. and changed its name to Smartsheet Inc. in February 2017. Smartsheet Inc. was founded in 2005 and is based in Bellevue, Washington.

Barchart technical indicators:

• 40% technical buy signals
• 44.21+ Weighted Alpha
• 39.03% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 26.20% in the last month
• Relative Strength Index 78.47%
• Technical support level at 72.85
• Recently traded at 73.41 with a 50 day moving average of 61.07

Fundamental factors:

• Market Cap $9.11 billion
• Revenue expected to grow 33.30% this year and another 28.20% next year
• Earnings estimated to decrease by 18.20% this year but increase again by 33.30% next year
• Wall Street analysts issued 7 strong buy, 4 buy, and 4 hold recommendations on the stock
• 9,380 investors are monitoring the stock on Seeking Alpha