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JimVanMeerten (55.80)

Leggett & Platt



November 11, 2014 – Comments (0) | RELATED TICKERS: LEG

The Chart of the Day is Leggett & Platt (LEG).  I found the stock by sorting the All Time High list for new high frequency in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/21 the stock gained 15.82%.

Leggett & Platt, Inc. is one of the leading manufacturers of engineered products serving several major markets. Sales and production are focused on residential furnishings, commercial furnishings, aluminum products, industrial materials, and specialized products. The company has facilities throughout North America and in numerous international locations.

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 web site when you read this report.

Barchart technical indicators:

96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages19 new highs and up 22.26% in the last monthRelative Strength Index 82.23%Barchart computes a technical support level at 39.66Recently traded at 41.32 with a 50 day moving average of 36.12

Fundamental factors:

Market Cap $ 5.73 billionP/E 23.44Dividend yield 3.09%Revenue expected to grow 1.10% this year and another 5.80% next yearEarnings estimated to increase 18.20% this year, an additional 14.80% next year and continue to compound at an annual rate of 15.00% for the next 5 yearsWall Street analysts issued 1 strong buy, 1 buy and 5 hold recommendations on the stock

The 50 - 100 day MACD oscillator has been the most consistent technical trading strategy on this stock and should be used as your exit point.

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