The Chart of the Day is Jack In The Box (JACK). I found the stock by sorting the All Time High List for new high frequency in the last month and skipped the stock that didn’t have positive gains in the last week and month. I also skipped a few stocks that had skyrocketing gains because there is no way they can maintain that kind of momentum. Lastly I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/15 the stock gained 20.04%
JACK is a quick-service hamburger restaurant chain. Their restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items.
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:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 15.80% in the last month
- Relative Strength Index 79.33%
- Barchart computes a technical support level at 59.70
- Recently traded at 61.14 with a 50 day moving average of 53.28
Fundamental factors:
- Market Cap $2.61 billion
- P/E 31.63
- Revenue predicted to be down 1.60% this year but up again by 1.70% next year
- Earnings estimated to increase 28.60% this year, an additional 14.50% next year and continue to increase by 15.50% annually for the next 5 years
- Wall Street analysts issued 4 strong buy, 2 buy and 7 hold recommendations on this stock
- Financial strength is B+
Looks good for the near term. Use the 50 day moving average for signs of weakness and the 100 day moving average for exit points.
