Tuesday, December 1, 2015

TherapeuticsMD - Chart of the Day

TherapeuticsMD (TXMD) is the Barchart Chart of the Day.  The pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 73.55+ and gained 99.21% in the last year,

The Chart of the Day belongs to TherapeauticsMD (TXMD).  I found the pharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last month then again for technical buy signals of 80% or better,  Since the Trend Spotter signaled a buy on 11/6 the stock gained 11.00%.

TherapeuticsMD, Inc. is a specialty pharmaceutical company focused on creating branded prescription, generic prescription and over-the-counter products targeted exclusively for women. It is developing three advanced hormone replacement products designed to alleviate the symptoms of and reduce the health risks resulting from menopause-related hormone deficiencies. TherapeuticsMD, Inc. is based in Boca Raton, Florida.

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:

  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 28.96% in the last month
  • Relative Strength Index 67.35%
  • Barchart computes a technical support level at 7.18
  • Recently traded at 7.57 with a 50 day moving average of 6.52
Fundamental factors:
  • Market Cap $1.34 billion
  • Revenue expected to grow 32.20% this year and another 11.90% next year
  • Earnings estimated to decrease 30.60% this year buy increase again by 14.90% next year
  • Wall Street analysts issued 3 strong by and 2 buy recommendations on the stock
None of the regular technical trading strategies have been reliable on this stock so I suggest you use a trailing stop loss near the 100 day moving average to protect your gains.

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