Monday, November 2, 2015

Luxoft Holdings - Chart of the Day

Luxoft Holdings (LXFT) is the Barchart Chart of the Day.  The software development company has a Trend Spotter buy signal, a Weighted Alpha of 82.00+ and gained 74.49% in the last year.

The Chart of the Day belongs to Luxoft Holdings (LXFT).  I found the software development stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more, then for technical buy signals of 80% of better then lastly for a 50-100 Day MACD Oscillator buy signals.  As always I use the Flipchart function to review the charts.  The sort funneled the 3000 stock down to just 62.  Since the Trend Spotter signaled a buy in 10/5 the stock gained 4.85%.

Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands.

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 web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • 82.00+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 10.76% in the last month
  • Relative Strength index 59.53%
  • Barchart computes a technical support level at 65.34
  • Recently traded at 69.78 with a 50 day moving average of 64.51
Fundamental factors:
  • Market Cap $2.30 billion
  • P/E 30.85
  • Revenue expected to grow 27.20% this year and another 21.70% next year
  • Earnings estimated to increase 21.10% this year, an additional 17.40% next year and continue to compound at an annual rate of 16.19% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 2 buy, 1 hold and a single under perform recommendation on the stock.
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

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