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JimVanMeerten (61.43)

Right Time for Right Now?

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September 10, 2010 – Comments (0) | RELATED TICKERS: RNOW.DL2

I'm adding RightNow Technologies (RNOW) to the Barchart Van Meerten New High portfolio. RNOW provides on-demand software solutions designed to optimize customer service operations for businesses of all sizes. Their comprehensive customer service solution features a self-learning knowledgebase that is designed to seamlessly support multiple communications channels including web, interactive voice, email, chat, telephone and proactive outbound email communications. Sounds like a product line that is more of a necessity than a luxury in today's competitive environment,

Wall Street analysts are high on this stock with 11 buy recommendations distributed to their clients. They project double digit increases in sales of 16.60% this year and 15.40% next year. They estimate the company will be profitable with an increase in earnings per share of 10.30% this year, 53.50% next year and continue for a 5 year annual EPS growth of 26.50%.

Barchart has a 100% overall technical buy rating based on buy signals from all 13 of their indicators. The stock appreciated 16.14% last month logging 15 new highs in the last 20 trading sessions. The 14 day Relative Strength Index is 75.00% and rising. The stock recently traded at 18.56 well above its 50 day moving average of 16.13.

Investor sentiment as measured on Motley Fool is positive with the CAPS members voting 81 to 21 that the stock will beat the market with the All Stars in agreement 24 to 8. Fool notes that of the Wall Street columnists they follow the last 10 articles have been positive.

The number seem right on this stock:

1 - Wall Street buy recommendations based on double digit forecasts of sales and earnings increases

2 -  Recent positive and consistent price momentum

3 -  100% Barchart technical buy signal

4 -  Positive investor sentiment

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication

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