Chart of the Day: Sterling Infrastructure - Build Back Better

The Chart of the Day belongs to heavy construction company Sterling Infrastructure (STRL)  .  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 5/3 the stock gained 84.31%.

Sterling Infrastructure Inc. operates through subsidiaries within segments specializing in E-Infrastructure, Building and Transportation Solutions principally in the United States, primarily across the Southern, Northeastern, Mid-Atlantic and the Rocky Mountain States, California and Hawaii. E-Infrastructure Solutions projects develop advanced, large-scale site development systems and services for data centers, e-commerce distribution centers, warehousing, transportation, energy and more. Building Solutions projects include residential and commercial concrete foundations for single-family and multi-family homes, parking structures, elevated slabs and other concrete work. Transportation Solutions includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater and storm drainage systems. Sterling Infrastructure Inc., formerly known as Sterling Construction Company Inc., is based in THE WOODLANDS, Texas.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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 website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 193.20+ Weighted Alpha
• 193.44% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 33.56% in the last month
• Relative Strength Index 67.83%
• Technical support level at $76.15
• Recently traded at $77.41 with 50 day moving average of $61.22

Fundamental Factors:

• Market Cap $2.37 billion
• P/E 21.25
• Revenue expected to grow by 13.00% this year and another 9.20% next year
• Earnings estimated to increase 17.50% this year, an additional 14.90% next year and continue to compound at an annual rate of 11.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 2 strong buy and 1 hold opinions on the stock
• Analysts have a price target of $80 to $86 with a consensus of $83
• The individual investors following the stock on Motley Fool voted 128 to 5 for the stock to beat the market with the more experienced investors voting 17 to 2 for the same result
• Value Line gives the stock its highest rating of 1
• CFRA's MarketScope rates it a strong buy
• 4,370 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in  the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.