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Ashbury Automotive Group - All Time High

Topic: Stock Price Movements — Technical Analysis
Jun. 25 2015, 4:23 PM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

Ashbury Automotive Group - All Time High --

The Chart of the Day goes to the Ashbury Automotive Group (ABG). I found the automotive and truck dealership stock by sorting today's All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/18 the stock gained 6.99%.

Asbury Automotive Group is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.

The status of 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:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 8.21% in the last month
Relative Strength Index 70.61%
Barchart computes a technical support level at 91.46
Recently traded at 92.87 with a 50 day moving average of 86.97

Fundamental factors:

Market Cap $ 2.53 billion
P/E 19.86
Revenue expected to grow 10.70% this year and another 5.90% next year
Earnings estimated to increase 25.20% this year, an additional 11.00% next year and continue to increase at an annual rate of 16.55% for the next 5 years
Wall Street analysts issued 2 strong buy, 2 buy, 4 hold, 1 under perform and a sell recommendation on the stock

The 50-100 Day MACD Oscillator has been a reliable technical trading strategy and should continue to be used for entry and exit points on this stock.


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Ashbury Automotive Group - All Time High