The Graph of the Day belongs to the beauty products company elf Beauty (ELF). I found the action by sorting the Barchart all-time high list first by the most frequent number of new highs in the last month and having a buy signal from Trend Spotter, then used the Flipchart feature to check the charts for consistent price appreciation. Since Trend Spotter first signaled a buy on May 27, the stock has gained 46.96%.
elf Beauty, Inc., along with its subsidiaries, offers skin care and cosmetic products under the elf Cosmetics, elf Skin, Well People and Keys Soulcare brand names worldwide. The company offers products for the care of the eyes, lips, face, face, paws and skin. It sells its products through national and international retail and direct-to-consumer channels, including e-commerce platforms in the United States, and internationally primarily through distributors. The company was previously known as JA Cosmetics Holdings, Inc. and changed its name to elf Beauty, Inc. in April 2016. elf Beauty, Inc. was founded in 2004 and is headquartered in Oakland, California.
Barchart’s Opinion Trading systems are listed below. Please note that Barchart sentiment indicators are updated live during the session every 20 minutes and therefore may change during the day as the market fluctuates. Therefore, the indicator numbers shown below may not match what you see live on the Barchart.com website when you read this report.
Analyst and Investor Sentiment: I don’t buy stocks because everyone else is buying, but I do realize that if major companies and investors dump a stock, it’s hard to make money swimming upstream:
Source: seekingalpha.com