Tuesday, March 10, 2015

Advanced Semiconductor Engineering - Barchart's Chart of the Day

Advanced Semiconductor Engineering (ASX) is the Barchart Chart of the Day.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 51.00+, gained 50.10% in the last year and paid a 2.11% dividend.

The Chart of the Day belongs to Advanced Semiconductor Engineering (ASX).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/15 the stock gained 22.51%.

Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging services and semiconductor testing services, including front-end engineering testing, wafer probing and final testing services. The company offers packaging and testing services separately and on a turnkey basis. Turnkey services consist of integrated packaging, testing and direct shipment of semiconductors to end users designated by customers. The company is able to expand the traditional scope of turnkey services to offer total semiconductor manufacturing services to 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
  • 7 new highs and up 14.87% in the last month
  • Relative Strength Index 73.13%
  • Barchart computes a technical support level at 7.30
  • Recently traded at 7.89 with a 50 day moving average of 6.78
Fundamental factors:
  • Market Cap $12.39 billion
  • P/E 14.32
  • Dividend yield 2.11%
  • Revenue expected to grow 10.00% this year ad another 17.70% next year
  • Earnings estimated to increase 36.10% this year, an additional 16.30% next year and continue to compound annually at a rate of 20.00% for the next 5 years
  • Wall Street analysts issued a strong buy and a hold recommendation on the stock
None of the usual technical trading strategies have been effective on the stock so I'd use a moving stop loss 10% below the recent high as an exit point.

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