Yahoo Finanza Floor & Décor Holdings Shares Show Heavy Demand
Floor & Décor Holdings (FND) stock has climbed 44% in 2023. The hard surface flooring firm could jump more due to heavy demand lifting the shares recently.
Floor & Decor Attracts Big Money
So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.
Smart money managers are always looking for the next hot stock. And Floor & Decor has many fundamental qualities that are attractive.
This sets up well for the stock going forward. But how the shares have been trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares.
Each green bar signals big trading volumes as the stock ramped in price:
Since January, the shares attracted 5 unusual buy signals. Generally speaking, recent green bars could mean more upside is ahead.
Now, let’s check out the fundamental action grabbing my attention:
Floor & Decor Fundamental Analysis
Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, FND has been growing sales and EPS at a healthy clip. According to FactSet,
1-year sales growth rate (+41.5%)
3-year EPS growth rate (+31.3%)
Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.
In fact, FND has been a top-rated stock at my research firm, MAPsignals. That means the stock has buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
Let’s wrap up.
Floor & Decor Price Prediction
The Floor & Decor rally could have further to go. Big Money buying in the shares is signaling to take notice. Shares could be positioned for further upside.
Disclosure: the author holds no positions in FND at the time of publication.
Learn more about the MAPsignals process here.
This article was originally posted on FX Empire
