The Chart of the Day belongs to Scotts Miracle-Gro (SMG). Since the Trend Spotter signaled a buy on 12/5 the stock gained 7.17%.
In Europe, the Company's brands include Weedol, Pathclear, Evergreen, Levington, Miracle-Gro, KB, Fertiligene and Substral. Its customers include home improvement centers, mass merchandisers, warehouse clubs, hardware chains, independent hardware stores, nurseries, food and drug stores, commercial nurseries and greenhouses, and specialty crop growers.
Barchart technical indicators:
100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
12 new highs and up 9.24% in the last month
Relative Strength Index 81.22%
Technical support level at 107.75
Recently traded at 108.37 with a 50 day moving average of 100.60
Fundamental factors:
Market Cap $6.23 billion
P/E 25.53
Dividend yield 1.98%
Revenue expected to grow 5.40% this year and another 3.60% next year
Earnings estimated to increase 11.20% this year, an additional 10.70% next year and continue to increase at an annual rate of 9.83% for the next 5 years
Wall Street analysts issued 2 strong buy, 2 buy and 5 hold recommendations on the stock
