The Chart of the Day belongs to MGP Ingredients (NASDAQ: MGPI). I found the alcohol and alcohol products stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last 20 trading sessions than again for technical buy signals of 80% or better. I use the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 9/17 the stock gained 48.91%.
MGP Ingredients, Inc. produces and markets ingredients and distillery products to the packaged goods industry. Its Distillery Products segment primarily offers food grade alcohol, fuel grade alcohol, and distillers feed. The company's Ingredient Solutions segment primarily provides specialty wheat starches and proteins, commodity wheat starches, and commodity vital wheat gluten. MGP Ingredients, Inc. is headquartered in Atchison, Kansas.
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Fundamentals and investor sentiment:
Investor sentiment ( When Wall Street doesn't follow a stock I use other means to evaluate)
