Friday, November 20, 2020

Chart of the Day - Cardlytics


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Barchart.com's Chart of the Day - Cardlytics
November 20, 2020: Published by Barchart.com

The Barchart Chart of the Day belongs to the data analytics company Cardlytics (NASDAQ:CDLX).   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 11/4 the stock gained 44.45%. 

Cardlytics, Inc. operates an advertising platform within financial institutions digital channels, which include online, mobile, email, and various real-time notifications in the United States and the United Kingdom. It operates in two segments, Cardlytics Direct and Other Platform Solutions. The company's platform is the Cardlytics Direct solution, a native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels. It also provides solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded in 2008 and is headquartered in Atlanta, Georgia.

CDLX Cardlytics

 

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
  • 172.20+ Weighted Alpha
  • 103.57% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 52.88% in the last month
  • Relative Strength Index 82.58%
  • Technical support level at 114.97
  • Recently traded at 121.41 with a 50 day moving average of 83.31

Fundamental factors:

  • Market Cap $3.27 billion
  • Revenue expected to grow 41.50% next year
  • Earnings estimated to increase 77.10% next year
  • Wall Street analysts issued 1 strong buy, 4 buy and 1 hold recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 58 to 2 that the stock will beat the market
  • 3,730 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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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.
 

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