The Chart of the Day belongs to EnviroStar (EVI). I found the laundry equipment stock by using Barchart to sort today’s All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled another buy on 8/14 the stock gained 12.07%. This stock is a momentum play only
EnviroStar, Inc., through its main subsidiary Steiner-Atlantic Corp., distributes industrial boilers, commercial laundry and dry cleaning equipment, parts and technical service in the United States, the Caribbean and Latin America. Their products include their proprietary lines of machines under the Aero-Tech, Multi-Jet and Green Jet brand names as well as brands such as MILNOR, CHICAGO, ADC, CLEAVER-BROOKS, FULTON, IPSO, CISSELL, UNION, REMA, INGERSOLL-RAND, UNIPRESS, FORENTA, and WHITE. The Company seeks to establish customer satisfaction by offering: design and layout assistance with their in-house architectural design services; competitive pricing; comprehensive equipment, parts and accessories; full-service delivery, rigging, startup, training and preventive maintenance programs; full-service staff with toll-free support line to resolve customer service and technical issues. The Company emphasizes on sales of environmentally safe and efficient equipment into various commercial and industrial markets.
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Barchart technical indicators:
