The Chart of the Day is Measurement Specialties (MEAS). I found the stock by sorting the All Time High list for new high frequency in the last month then skipped over the stocks that didn't have positive gains for the last week and month. Lastly I used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 2/6 the stock gained 10.09%.
MEAS is a designer and manufacturer of sensors and sensor-based, consumer products. They produce a wide variety of sensors that use advanced technologies to measure precise ranges of physical characteristics, including pressure, motion, force, displacement, angle, flow, and distance. They have two businesses, a Sensor business and a Consumer Products business.
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
- 15 new highs and up 12.34% in the last month
- Relative Strength Index 68.90%
- Barchart computes a technical support level at 63.01
- Recently traded at 65.84 with a 50 day moving average of 58.97
Fundamental factors:
- Market Cap $1.04 billion
- P/E 26.99
- Revenue predicted to grow 18.80% this year and another 7.00% next year
- Earnings estimated to increase 11.90% this year, an additional 20.90% next year and continue to increase at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 2 buy and a hold recommendation on the stock
- Financial strength is B+
Good revenue and growth projections. Use the 50 day moving average as a weakness signals and the 100 day moving average to exit and preserve profit.
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