Thursday, October 22, 2020

Chart of the Day - Darling Ingredients


Find trading opportunities using many of Barchart.com’s free tools, such as Trading Signals, Screeners, and Barchart Opinions.
Barchart.com's Chart of the Day - Darling Ingredients
October 22, 2020: Published by Barchart.com

The Chart of the Day belongs to the recycling food company Darling Ingredient (NYSE:DAR).  I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 9/30 the stock gained 27.64%.

Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas.

DAR

 

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 signal
  • 178.60+ Weighted Alpha
  • 143.59% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and100 day moving averages
  • Relative Strength Index 80.71%
  • Technical support level at 49.55
  • Recently traded at 45.99 with a 50 day moving average of 36.18

Fundamental factors:

  • Market Cap $7.19 billion
  • P/E 22.64
  • Revenue expected to grow 2.10% this year and another 3.40% next year
  • Earnings estimated to increase 9.20% next year
  • Wall Street analysts issued 3 strong buy, 4 buy and 1 hold recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 152 ti 4 that the stock will beat the market
  • 4,490 investors are monitoring the stock on Seeking Alpha

The #1 strategy that could have sent you 20 years with no losing years…
Trophy Trades have already proven to have the potential to earn you as much as $13.5 million dollars…
But it’s never been released to the public before - now that changes for you
Click here to save your spot for the LIVE reveal of Trophy Trades
(By clicking the link above you will automatically opt-in to receive emails from WealthPress)

More on this symbol:
         
You're receiving this email because you registered for the Barchart's Chart of the Day subscription service/newsletter or because you have a prior existing relationship with Barchart.com and previously provided your email address to us. To ensure that you continue to receive emails from us, add newsletters@barchart.com to your address book today.

Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

Barchart.com, Inc. • 209 W Jackson • Chicago, IL 60606 • USA
Unsubscribe from this list

No comments:

Post a Comment

Gone in 3 hours

This will be one of my final attempts to reach you before midnight tonight. You have one last chance to view my 2025 Post-Election Surpris...