The Chart of the Day is Global Payments (GPN). I found the stock by sorting the All Time High List for new high frequency in the last month, then eliminated the stocks that weren’t trading above their 20, 50 and 100 day moving averages. Lastly I used the Flipchart feature to review the charts to find the one that I liked. Since the Trend Spotter signaled a buy on 2/21 the stock gained 3.30%.
Global Payments Inc. provides electronic payments transaction processing services worldwide. The company serves as the processing intermediary between the merchant, the credit and debit networks, and the financial institutions that issue cards.
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:
- 64% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 5.77% in the last month
- Relative Strength Index 60.00%
- Barchart computes a technical support level at 71.65
- Recently traded at 71.08 with a 50 day moving average of 68.05
Fundamental factors:
- Market Cap $5.18 billion
- P/E 18.49
- Dividend yield .11%
- Revenue projected to grow 7.10% this year and another 6.70% next year
- Earnings estimated to increase by 12.10% this year, an additional 10.30% next year and continue to increase annually at a rate of 12.10% each year for the next 5 years
- Wall Street analysts issued 5 strong buy, 6 buy, 17 hold and 2 under perform recommendations on the stock
- Financial Strength is A
As the economy recovers electronic payment processing should increase. Use the 50 day moving averages for signs of weakness and the 100 day moving average for profit preservation.
