Amerco (UHAL): Today's Most Compelling Stock Buy
|SoTM Bull's Eye Report - Today's Most Compelling Buy |
Thursday, May 16, 2013
At StatoftheMarkets.com, we strive to "own the best and ignore the rest" in our equity portfolios. Toward this end, each day we search our database for a "top stock" (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical "set up" and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the "bull's eye" stock shown below is generally their first choice.
Why We Like The Stock:
AMERCO (UHAL) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. UHAL has had a great year so far, posting a +32.87% gain as of yesterday's close. After a consolidation phase through the month of April, the stock based just above $150 and is back on the upswing. Currently, UHAL is resting on its 5- and 10-day moving averages, while the 18-day is crossing above the 50-day. The technical set-up here points to UHAL revisiting recent late-March highs just below $180. We like the stock here, on on a pullback to the 50-day moving average at $164.47, though we wouldn't hold it any lower than $162.20.
|We Would Be Buyers: |
At the current price (~$167.70) or on a pullback to the 50-day moving average ($164.47).
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|Company Profile: |
AMERCO is a do-it-yourself moving and storage operator through its subsidiary U-Haul International, Inc. (U-Haul). The Company rents its distinctive orange and white U-Haul trucks and trailers, as well as offers self-storage rooms through a network of 1,450 Company operated retail moving centers and approximately 15,500 independent U-Haul dealers. The Company also sells U-Haul brand boxes, tape and other moving and self-storage products and services to do-it-yourself moving and storage customers at all of its distribution outlets and through its eMove Web site. U-Haul supplies products and services to help people move and store their household and commercial goods. The Company operates in three segments: Moving and Storage, Property and Casualty Insurance and Life Insurance. As of March 31, 2012, the Company's rental fleet consisted of approximately 106,000 trucks, 83,000 trailers and 33,000 towing devices.
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AMERCO - Last 3 Months
AMERCO - Last 12 Months
AMERCO - Last 5 Years
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