Shutterfly (SFLY) Stock is the 'Chart of the Day'
NEW YORK (TheStreet) -- Shutterfly (SFLY) - Get Report stock is lower by 0.53% to $41.49 in early afternoon trading on Monday.
On Tuesday, the company named Mike Pope CFO of the company, effective on Friday. Before joining Shutterfly, Pope was CFO of Clean Power Finance, and he has held positions at MarketTools, BearingPoint, Network General,DigitalThink and Dionex as well.
Based in Redwood City, CA, Shutterfly is a manufacturer and digital retailer of personalized photo-based products and services. The company produces and sells photo books, greeting and stationery cards, personalized calendars and other photo-based merchandise and prints.
TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Shutterfly as the "Chart of the Day." Here is what Versace and Lang had to say about the company:
Shutterfly's chart is atypical of high beta names. The stock was pounded from the summer highs, losing more than 35%, but then it recovered and bounced sharply. The recent highs made show follow-through from a two-month breakout high. The uptrend channel is defined and is at some resistance. The 200-day Moving Average at $44 is also more stiff resistance. However, the trend is now shifted upward. Recent volume trends have been very strong, and the Moving Average Convergence Divergence just hit a second buy signal. Relative strength has been impressive.
-Chris Versace and Bob Lang " Chart of the Day: SFLY" originally published on 11/2/15 on Trifecta Stocks.
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Separately, TheStreet Ratings team rates SHUTTERFLY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
We rate SHUTTERFLY INC (SFLY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: SFLY