Barchart.com's Chart of the Day - Verso
Related Stocks
 VRS - Verso Corp
SymLastChgPct
VRS28.73-0.06-0.21%

The Barchart Chart of the Day is the paper products company Verso (VRS). Verso is a repeat Chart of the Day and was last featured 11/27/17 when it closed that day at 10.87 - today's close was 31.68 a 191.14% gain.

I used Barchart to screen for stocks having a Weighted Alpha of 50+ and technical buy signals of over 80%. I sorted this list by the highest Weighted Alpha then reviewed the charts using the Flipchart feature to find charts that reflected consistent price appreciation. Since the Trend Spotter signaled a buy on 8/2 the stock gained 41.05%.

Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States.

VRS

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 website when you read this report.

Barchart technical indicators:

  • 88% technical buy signals
  • 425.08+ Weighted Alpha
  • 515.15% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 19.14% in the last month
  • Relative Strength Index 74.98%
  • Technical support level at 30.85
  • Recently traded at 31.68 with a 50 day moving average of 25.40

Fundamental factors:

  • Market Cap $1.06 billion
  • P/E 22.16
  • Revenue expected to grow 10.20% this year and another 5.70% next year
  • Earnings estimated to increase 398.90% this year and an additional 22.70% next year
  • Wall Street analysts have 2 strong buy recommendations in place on the stock

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in VRS over the next 72 hours.