The Chart of the Day belongs to Inogen (INGN). I found the medical technology stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha then for stocks with technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 7/31 the stock gained 9.96%.
Inogen, Inc. is a medical technology company. It offers oxygen concentrator, cart, carry bags, backpacks, external battery chargers and universal power supply for obstructive pulmonary disease patients. The Company's products include Inogen One G3 and Inogen One G2. It sells its products in the United States and internationally. Inogen, Inc. is headquartered in Goleta, California.
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:
- 100% Barchart technical buy signals
- 157.40+ Weighted Alpha
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 4 new highs and up 11.77% in the last month
- Relative Strength Index 69.39%
- Barchart computes a technical support level at 41.49
- Recently traded at 48.89 with a 50 day moving average of 42.99
Fundamenal factors:
- Market Cap $942.60 million
- P/E 120.14
- Revenue expected to grow 8,990.90% next year
- Wall Street analysts issued 5 strong buy recommendations on the stock
- The individual investors on Motley Fool voted 12 to 2 that the stock will beat the market
The 50-10 Day MACD Oscillator has been a very good technical trading strategy for this stock.
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