UniFirst - Chart Of The Day

The Chart of the Day belongs to UniFirst (NYSE:UNF). I found the uniform and clothing stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 6/30 the stock gained 13.23%.

UniFirst Corporation is a provider of workplace uniforms and protective clothing. They rent, manufacture and sell a wide range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, jumpsuits, lab coats, smocks and aprons, and also rent industrial wiping products, floormats and other non-garment items, to a variety of manufacturers, retailers and service companies. They serve businesses of all sizes in numerous industry categories.

(Click on image to enlarge)

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 10.51% in the last month
  • Relative Strength Index 81.28%
  • Technical support level at 129.24
  • Recently traded at 130.11 with a 50 day moving average of 120.28


Fundamental factors:

  • Market Cap $2.65 billion
  • P/E 22.34
  • Dividend Yield .11%
  • Revenue expected to grow .70% this year and another 3.0% next year
  • Earnings estimated to increase 3.70% next year and compound at an annual rate of 11.00% for the next 5 years
  • Wall Street analysts issued 5 hold recommendations on the stock

Disclosure: None.

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