's Chart of the Day - Arcos Dorados
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 ARCO - Arcos Dorados Holdings Inc

The Barchart Chart of the Day belongs to the South and Central American McDonald's franchise holder Arcos Dorados (ARCO). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 1/3 the stock gained 8.80%.

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's with its operations divided in Brazil; North Latin America division; South Latin America and the Caribbean division. It also runs quick service restaurants in Latin America and the Caribbean. It has operations in territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. Arcos Dorados Holdings Inc. is headquartered in Buenos Aires, Argentina.


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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • (.90) Weighted Alpha
  • 10.86% loss in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 15.36% in the last month
  • Relative Strength index 64.99%
  • Technical support level at 8.49
  • Recently traded at 8.79 with a 50 day moving average of 8.03

Fundamental factors:

  • Market Cap $1.83 billion
  • P/E 18.15
  • Dividend yield 1.15%
  • Revenue expected to grow 2.10% next year
  • Earnings estimated to increase 20.60% next year and continue to compound at an annual rate of 11.90% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 buy recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 460 to 20 that the stock will beat the market
  • 5,825 investors are following the stock on Seeking Alpha

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