Monday, September 12, 2016

Quantum - Chart of the Day

Quantum (QTM) is the Barchart Chart of the Day.  The data storage device company has a Trend Spotter buy signal, a Weighted Alpha of 18.38+ and gained 68.89% in the last 3 months.

The Chart of the Day belongs to Quantum (QTM).  I found the data storage device stock by using Barchart to sort today New High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.  Since the Trend spotter signaled a buy on 7/12 the stock gained 65.22%.

Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can be certain they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity.

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 signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 28.81% in the last month
  • Relative Strength Index 73.36%
  • Technical support level at .71
  • Recently traded at .76 with a 50 day moving average of .57
Fundamental factors:
  • Market Cap $202.37 million
  • Revenue expected to grow 3.00% this year and another 4.50% next year
  • Earnings estimated to increase 400.00% this year, an additional 66.70% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 159 to 24 that the stock would beat the market

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