Barchart.com's Chart of the Day - Noah Holdings
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 NOAH - Noah Holdings Ltd
SymLastChgPct
NOAH50.85+0.35+0.69%
The Chart of the Day belongs to Noah Holdings (NOAH).  I found the Chinese wealth management stock by using Barchart to sort today's 52 Week High list first by technical buy signals, then I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 12/18 the stock gained 12.13%.

Noah Holdings Ltd through its subsidiaries is engaged in providing independent services primarily comprising of distribution of wealth management products to the high net worth population in China. It distributes over-the-counter wealth management products originated in China which mainly includes fixed income products, private equity funds and securities investment funds. The Company also delivers to its clients a continuum of value-added services including financial planning, product analysis and recommendation, product and market updates and investor education. Noah Holdings Ltd is headquartered in Shenzhen, the Peoples' Republic of China.

 

 

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:

  • 129.86+ Weighted Alpha
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 17.09% in the last month
  • Relative Strength Index 70.63%
  • Technical support level at 49.16
  • Recently traded at 50.56 with a 50 day moving average of 43.34%

Fundamental factors:

  • Market Cap $2.8 billion
  • P/E 27.17
  • Revenue expected to grow 10.60% this year and another 23.90% next year
  • Earnings estimated to increase at annual compounded rate of 21.00% for the next 5 years
  • Wall Street analysts issued 3 buy and 1 hold recommendation on the stock