Monday, February 25, 2013

Zolteck (ZOLT) Barchart's Chart of the Day

Summary:  Zoltek (ZOLT) is the Chart of the Day and is bucking the down market.  The analysts think the growth in the core carbon and technical fiber operations will pay off in the long run.


Article:

Today's Chart of the Day is Zoltek (ZOLT) which is bucking the down market with 7 new highs and a 20.88% price increase in the last month.  The stock was found by sorting Barchart's New High list for the stock having a 100% Barchart technical buy signal.

 It is an applied technology and advanced materials company. Their primary focus is the manufacturing and marketing of carbon fibers. The most significant current application for carbon fibers produced by Zoltek is for aircraft brake manufacturers who use their fibers as base materials for the carbon/carbon brake systems used in most newly designed aircraft.



Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 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 web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 20.88% in the last month
  • Relative Strength Index 66.88%
  • Barchart computes a technical support level at 8.45
  • Recently traded at 9.38 with a 50 day moving average of 7.94
Fundamental factors:
  • Market Cap - $322.20 million
  • P/E 17.66
  • Analysts issued 1 buy and 2 hold recommendations
  • Revenue expected to be down this year by 14.50% but increase again by 15.40% next year
  • Earnings are estimated to be down 30.30% this year but next year increase by 39.10% an d continue to increase annually by 15.00% for the next 5 years
  • Financial strength B

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