The Chart of the Day belongs to Washington Trust Bancorp (WASH). I found the commercial bank stock by using Barchart to sort today's All Time High list first for the highest number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend spotter signaled a buy on 7/8 the stock gained 8.09%.
Washington Trust Bancorp, Inc. is a publicly-owned, registered bank holding company whose subsidiaries are permitted to engage in banking and other financial services and businesses. They conduct their business through their wholly owned subsidiary, The Washington Trust Company, commercial bank.
The status of Barchart'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 Barchart.com web site when you read this report.
Barchart technical indicators:
- 88% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 5.88% in the last month
- Relative Strength index 63.52%
- Technical support level at 41.78
- Recently traded at 42.66 with 50 day moving average of 40.24
- Market Cap $728.63 million
- P/E 1693
- Dividend yield 3.40%
- Revenue expected to grow 5.20% this year and another 3.30% next year
- Earnings estimated to increase .80% this year, an additional 5.90% next year and continue to increase at an annual rate of 5.00% for the next 5 years
- Wall Street analysts issued 1 string buy and 1 buy recommendations on the stock