Wayfair - Top Stock To Own

The Barchart Chart of the Day belongs to the online home furnishings retailer Wayfair (W).  I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month then used the Flipchart function to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 4/7 the stock gained 342.09%.

Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts.

W Wayfair

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 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
  • 144.70+ Weighted Alpha
  • 215.74% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 53.48% in the last month
  • Relative Strength Index 75.04%
  • Technical support level at 332.21
  • Recently traded at 344.44 with a 50 day moving average of 254.28

Fundamental factors:

  • Market Cap $32.25 billion
  • Revenue expected to grow 52.00% this year and another 13.20% next year
  • Earnings estimated to increase 130.80% this year decline by 70.40% next year but compound an an annual rate of 14.00% for the next 5 years
  • Wall Street analysts have 9 strong buy, 5 buy and 9 hold recommendations in place
  • The individual investors monitoring the stock on Motley Fool voted 169 to 52 that the stock will beat the market
  • 24,320 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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