Sylvamo: High on paper | looking for alpha

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The Chart of the Day belongs to the printing paper company Sylvamo (SLVM). I found the stock by ranking Russell 3000 Index stocks first by the most frequent number of new highs in last month and with a buy signal from Trend Spotter, then used the flipchart feature to check the charts for consistent price appreciation. Since Trend Spotter first signaled a buy on 10/13, the stock has gained 9.76%.

Sylvamo Corporation produces and supplies printing paper in Latin America, Europe and North America. The company offers uncoated cut sheets for paper products such as offset and cut paper; and markets pulp, board for aseptic and liquid packaging, as well as unbleached coated kraft paper. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; softwood bleached kraft paper; and bleached chemothermomechanical pulp. The company distributes its products through a variety of channels, including dealers and distributors, office supply providers, e-commerce, retailers, and distributors. It also sells directly to converters that produce envelopes, forms, and other related products. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
Source- Looking for Alpha

Barchart’s Opinion Trading systems are listed below. Please note that Barchart sentiment indicators are updated live during the session every 20 minutes and therefore may change during the day as the market fluctuates. Therefore, the gauge numbers shown below may not match what you see live on the bar website when you read this report.

Analyst and Investor Sentiment: I don’t buy stocks because everyone else is buying, but I do realize that if major companies and investors dump a stock, it’s hard to make money swimming upstream:

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