The Chart of the Day is STMicroelectronics NV (STM). I found the stock by sorting today's New High list after I sorted for frequency in the last month, I used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 4/29 the stock gained 2.75%.
STM is a global independent semiconductor company which designs, develops, manufactures and markets a broad range of semiconductor integrated circuits and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products and industrial automation and control systems.
The status of 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:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 13.30% in the last month
- Relative Strength Index 66.02%
- Barchart computes a technical support level at 9.62
- Recently traded at 9.63 with a 50 day moving average of 9.24
Fundamental factors:
- Market Cap $8.58 billion
- Dividend yield 3.49%
- Revenue predicted to be down 3.70% this year but up again by 8.50% next year
- Earnings are expected to be robust and up 195.70% this year, an additional 150.00% next year and continue to increase at the annual rate of 5.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 2 buys, 3 hold and 1 under perform recommendation on the stock
Tech has suffered in the first half of the year but should recover soon. Be disciplined and use the 50 day moving average to gauge weakness and the 100 day moving average to preserve profits.
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