's Chart of the Day - Tootsie Roll Industries
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 TR - Tootsie Roll Industries

The Barchart Chart of the Day belongs to the over 100 years old candy maker Tootsie Roll Industries (TR). I found the stock by using Barchart's Top Stocks to Own list and sorted it by the most frequent number of new highs in the last month. I then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/19 the stock gained 16.74%.

Tootsie Roll Inc. is one of the country's largest candy companies and maker of such well-known brands as Tootsie Roll, Charms, Dots, Andes Thin Mints, Double Bubble and Junior Mints, has signed a two-year contract with DSC Logistics, a leading supply chain management company with a global network, for their first Regional Distribution Center (RDC) in DSC's Allentown, Pennsylvania, Logistics Center.

TRBarchart'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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 6.40+ Weighted Alpha
  • 3.42% loss over the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 19.54% in the last month
  • Relative Strength Index 83.22%
  • Technical support level at 33.96
  • Recently traded at 35.05 with a 50 day moving average of 30.22

Fundamental factors:

  • Market Cap $2.25 billion
  • P/E 28.33
  • Dividend yield 1.03%
  • Although Wall Street is not presently recommending the stock analysts estimated earnings will compound at an annual rate of 9.00% for the next 5 years
  • The individual investors following the stock on Motley Fool voted 122 to 49 that the stock will beat the market
  • 2,926 investors are following the stock on Seeking Alpha

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in TR over the next 72 hours.