The Chart of the Day belongs to IGI Laboratories (IG). I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 8/4 the stock gained 54.94%.
IG is the premier global provider of a novel topical patented delivery technology. In addition to having the innovative Novasome delivery technology, their capabilities include: product development, analytical services, commercial manufacturing and the packaging of their topical liquid and semi-solid products. Their expert services will ensure that their product achieves its maximum potential. IGI currently holds 56 U.S. patents, and has more than 100+ products commercialized. In the marketplace, their products continue to demonstrate their value by offering superior results and product differentiation to their customers.
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
- 8 new highs and up 47.91% in the last month
- Relative Strength Index 80.01%
- Barchart computes a technical support level at 6.95
- Recently traded at 9.22 with a 50 day moving average of 6.49
- Market Cap $434.45 million
- Revenue expected to grow 60.00% this year and another 94.60% next year
- Earnings estimated to increase 200.00% this year, 800.00% next year and continue to increase at an annual rate of 15.00% for the next 5 years