Monday, September 26, 2016

Exelxis - Chart of the 16 new highs and up

Exelixis (EXEL) is the Barchart Chart of the Day.  The biopharmaceutical company has a Trend spotter buy signal, a Weighted Alpha of 243.90+ and gained 277.72% in the last 6 month.

The Chart of the Day is Exelixis (EXEL) and is a repeat from 8/22 but has a chart that can't be ignored.  I found the biopharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more.  Since the Trend spotter signaled a buy on 4/6 the stock gained 243.05%.

Exelixis, Inc. (EXEL) is a biopharmaceutical company committed to developing small molecule therapies for the treatment of cancer. Exelixis is focusing its development and commercialization efforts primarily on COMETRIQ' (cabozantinib), its wholly-owned inhibitor of multiple receptor tyrosine kinases. Another Exelixis-discovered compound, cobimetinib, a selective inhibitor of MEK, is being evaluated by Roche and Genentech (a member of the Roche Group) in a broad development program under a collaboration with Exelixis.

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:
  • 96% technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and 39.23% in the last month
  • Relative Strength Index 86.09%
  • Technical support level at 14.60
  • Recently traded at 15.30 with a 50 day moving average of 11.13
Fundamental factors:
  • Market Cap $3.50 billion
  • Revenue expected to grow 312.80% this year and another 90.10% next year
  • Earnings estimated to increase 23.50% this year and an additional 83.90% next year
  • Wall Street analysts issued 4 strong buy and 1 hold
  • The individual investors following the stock on Motley Fool voted 2469 to 99 that the stock will beat the market
  • Of the Wall Street professional featured on Motley Fool they have buy signals 8 to 0

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