Bull’s Eye Report: AMERCO (UHAL)

Hitch a ride on UHAL back up to March's highs

   

At StateoftheMarkets.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.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
AMERCO UHAL Trucking 9.0 +32.87% $162.20

Why We Like The Stock:

AMERCO (NASDAQ: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 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).

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 and offers self-storage rooms through a network of 1,450 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.

Stock Rating: 9.0

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

AMERCO – Last Three Months

UHAL 1 Bulls Eye Report: AMERCO (UHAL)

AMERCO – Last 12 Months

UHAL 2 Bulls Eye Report: AMERCO (UHAL)

AMERCO – Last Five Years

UHAL 3 Bulls Eye Report: AMERCO (UHAL)

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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.


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