The Chart of the Day is VantageSouth Bancshares (VSB). I found the stock by sorting All Time High list for new high frequency in the last month, skipping any that didn’t have a positive gain for the last week and month. I then used the Flipchart feature to review the charts to find the one I liked. Since the Trend spotter signaled a buy on 1/27 the stock gained 26.09%.
VSB operates as the bank holding company for VantageSouth Bank. It offers a broad range of banking services, including checking and savings accounts, commercial, consumer and personal loans, mortgage banking services, and other associated financial services in the Raleigh, NC region.
(click to enlarge)
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 web site when you read this report.
Barchart technical indicators:
- 80% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 19.83% in the last month
- Relative Strength Index 85.12%
- Barchart computes a technical support at 6.50
- Recently traded at 7.25 with a 50 day moving average of 6.02
Fundamental factors:
- Market Cap $ 333.79 million
- P/E 29.79
- Revenue is projected to grow 49.00% this year and another 37.40% next year
- Earnings are estimated to increase this year by 500.00% and an additional 150.00% next year
- The projections are not a consensus since there is only one Wall Street analyst following the stock but he has a strong buy
- Financial strength is C++
Small North Carolina bank serving the state capital region. Watch the 50 day moving averages for momentum weakness and the 100 day moving average to protect gains.
