Summary

• 100% technical buy signals.
• 15 new highs and up 35.46% in the last month.
• 53.06% gain in the last year.

The Barchart Chart of the Day belongs to the regional bank The Bancorp (Nasdaq: TBBK).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 11/5 the stock gained 83.32%. 

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, insurance policy cash value-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards. In addition, it offers private label banking; credit and debit card payment processing for independent service organizations; institutional banking; and internet banking services. The Bancorp, Inc. was founded in 1999 and is headquartered in Wilmington, Delaware.

(Click on image to enlarge)

Barchart technical indicators:

• 100% technical buy signals
• 108.83+ Weighted Alpha
• 53.06% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50, and 100 day moving averages
• 15 new highs and up 35.46% in the last month
• Relative Strength Index 72.60%
• Technical support level at 17.61
• Recently traded at 18.33 with a 50 day moving average of 14.50

Fundamental factors:

• Market Cap $1.08 billion
• P/E 12.24
• Revenue expected to grow 9.10% this year and another 7.20% next year
• Earnings estimated to increase 24.60% this year, an additional 14.50% next year and continue to compound at an annual rate of 12.00% for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy, and 2 hold recommendations on the stock
• The individual investors following the stock on Motley Fool voted 34 to 8 that the stock will beat the market
• 1,333 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.