Saturday, December 5, 2020

Chart of the Day - Strattec Security


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Barchart.com's Chart of the Day - Strattec Security
December 5, 2020: Published by Barchart.com

The Barchart Chart of the Day belongs to an under followed vehicle lack company Strattec Security (NASDAQ:STRT).   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 10/12 the stock gained 52.80%. 

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products. It also provides full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, Asia, and South America. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.

STRT Strattec Security

 

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
  • 87.20+ Weighted Alpha
  • 107.70% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 52.80% in the last month
  • Relative Strength Index 83.22%
  • Technical support level at 45.16
  • Recently traded at 45.84 with a 50 day moving average of 29.52

Fundamental factors:

  • Market Cap $177 million
  • P/E 203.30
  • Revenue expected to grow 24.50% this year and another 4.90% next year
  • Earnings estimated to increase 667.00% this year, an additional 2.70% next year and continue to compound at an annual rate of 15.00% for the next 5 years
  • The individual investors Following the stock on Motley Fool voted 56 to 7 that the stock will beat the market
  • 853 investors are monitoring the stock on Seeking Alpha
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