Barchart.com's Chart of the Day - Ellie Mae (ELLI) - Jul 3, 2014 The Chart of the Day belongs to Ellie Mae (ELLI). I found the stock by sorting the New High List for new high frequency in the last month then used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 5/12 the stock gained 21.79%.
ELLI operates electronic mortgage origination networks in the United States. The Company's network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.
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Barchart technical indicators:
- 88% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 19 new highs and up 19.99% in the last month
- Relative Strength Index 21.37%
- Barchart computes a technical support level at 31.47%
- Recently traded at 32.30 with a 50 day moving average of 27.51
- Market Cap $901.82 million
- P/E 81.67
- Revenue expected to grow 17.40% this year and another 22.10% next year
- Earnings are estimated to increase 31.60% next year and continue to increase at an annual rate of 22.23% for the next 5 years
- Wall Street analysts issued 1 strong buy, 3 buy and 5 hold recommendations on the stock
As the housing market returns to normal this might be a good long term stock. I'd still exit at the 100 day moving average
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