The Chart of the Day belongs to MiX Telematics (MIXT). I found the software solutions stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent Price Appreciation. Since the Trend Spotter signaled a buy on 12/15 the stock gained 7.57%.

MiX Telematics Limited provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. Mix’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency and security. The Company’s products includes Trailer Tracking, MiX Rovi, Beam-e, Matrix MX3, Matrix MX2, Matrix MX1, FM Tracer (FM3316i), FM Protector/MiX 3000, FM-Web, MiX Insight Analyser, Matrix Internet Tracking, MiX DriveTime, MiX Mobile, MiX Track, FM Wireless Kit, FM Voice Kit and FM Sat Comms. MiX Telematics Limited is based in Midrand, South Africa.

The status of 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:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 8.22% in the last month
  • Relative Strength Index 71.32%
  • Technical support level at 12.28
  • Recently traded at 12.51 with a 50 day moving average of 11.10

    • Fundamental factors:

  • Market Cap $280 million
  • P/E 30.02
  • Dividend yield 1.04%
  • Revenue expected to grow 8.80% this year and another 7.80% next year
  • Earnings estimated to increase 43.80% this year, an additional 28.30% next year and continue to compound at an annual rate of 1.63% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 1 buy and 1 hold recommendation on the stock
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