Th Barchart Chart of the Day belongs to Gran Tierra Energy (GTE). I found the oil and Gas stock by using Barchart to sort today’s New 52 Week High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. I always use the Flipchart feature to review the charts for consistent price appreciation over the last month. Since the Trend Spotter signaled a buy in 3/21 the stock gained 21.51%.

Gran Tierra Energy Inc. is an international oil and gas exploration and production company, headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. Gran Tierra Energy holds interests in producing and prospective properties in Argentina, Colombia and Peru. The company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration to grow future reserves.

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:

  • 96% technical buy signals
  • 57.20+ Weighted Alpha
  • 35.60% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 23.27% in the last month
  • Technical support level at 3.12
  • Recently traded at 3.39 with a 50 day moving average of 2.32

    • Fundamental factors:

  • Market Cap $ 1.31 billion
  • P/E 54.50
  • Revenue expected to grow 44.80% this year and another 7.90% next year
  • Earnings estimated to increase 933.30% this year, an additional 22.60% next year and keep compounding at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 3 buy and 2 hold recommendations on the stock
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