TipTree - Undiscovered Strong Buy
The Chart of the Day belongs to the insurance and mortgage company Tiptree (TIPT).
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 first signaled a buy on 10/25 the stock gained 26.06%.
TIPT Price vs 20, 50 and 100 DMA ( )
Tiptree Inc., through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company operates in two segments, Insurance and Mortgage. It offers niche commercial and personal lines insurance, credit insurance and collateral protection products, and warranty and service contract products and solutions, as well as premium finance services. The company also offers mortgage loans for institutional investors; and maritime shipping services, as well as invests in shares. It markets its products through a network of independent insurance agents, consumer finance companies, auto dealers, retailers, brokers, and managing general agencies. The company was formerly known as Tiptree Financial Inc. and changed its name to Tiptree Inc. in December 2016. Tiptree Inc. was incorporated in 2007 and is based in New York, New York.
Barchart's Opinion Trading systems are listed below (as of time of publication; the system updates every 20 mins.)
Barchart Technical Indicators:
- 100% technical buy signals
- 28.00+Weighted Alpha
- 13.09% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 15.84% in the last month
- Relative Strength Index 84.88%
- Recently traded at $14.80 with 50 day moving average of $12.25
Fundamental Factors:
- Market Cap $522 million
- P/E 9.33
- Dividend yield 1.11%
- Not presently followed by Wall Street
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:
- CFRA's MarketScope rates the stock as a strong buy
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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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