Access National - All Time High

The Chart of the Day is Access National (NASDAQ:ANCX) . I found the stock buy sorting the All Time High list for the stock with the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/13 the stock gained 11.47%.

Access National Corporation serves as the holding company for Access National Bank and its subsidiaries, Access National Mortgage Corporation and Access National Leasing Corporation.


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
  • 12 new highs and up 6.33% in the last month
  • Relative Strength Index 79.02%
  • Barchart computes a technical support level at 18.85
  • Recently traded at 19.81 with a 50 day moving average of 18.79

Fundamental factors:

  • Market Cap $208.40 million
  • P/E 13.37
  • Dividend yield 3.12%
  • Revenue expected to grow 5.10% next year
  • Earnings estimated to increase at a compounded rate of 8.00% annually for the next 5 years
  • Wall Street analysts have issued 2 hold recommendations on the stock

None of the usual technical trading strategies have worked on this stock so I'd advice you to place a trailing stop loss 10% below the recent high.

Disclosure: None

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.