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Citi Trends (CTRN) has strong technical momentum and just hit a new three-year high.
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Shares are up more than 130% over the past year.
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CTRN has a 100% “Buy” opinion from Barchart and a Trend Seeker “Buy” signal.
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Fundamentals are improving with projected revenue and earnings growth, and positive sentiment from Wall Street analysts and retail investors.
Valued at $364 million, Citi Trends (CTRN) is a value retailer of fashion apparel, accessories, and home goods, that primarily serves African-American and Latino families in the U.S. It offers apparel, such as fashion sportswear and footwear, as well as apparel for kids.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. CTRN checks those boxes. Since the Trend Seeker signaled a new “Buy” on Oct. 9, the stock has gained 23.84%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Citi Trends hit a 3-year high of $45.25 in morning trading on Nov. 25.
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CTRN has a Weighted Alpha of +116.14.
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Citi Trends has a 100% “Buy” opinion from Barchart.
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The stock gained 130% over the past year.
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CTRN has its Trend Seeker “Buy” signal intact.
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The stock recently traded at $44.97 with a 50-day moving average of $36.
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Sinclair has made 11 new highs and gained 23.22% in the last month.
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Relative Strength Index (RSI) is at 77.01.
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There’s a technical support level around $41.82.
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$364 million market capitalization.
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Revenue is projected to grow 6.04% this year and another 5.38% next year.
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Earnings are estimated to increase 77.81% this year and an additional 160.20% next year.
