Friday, December 23, 2016

Health Insurance Innovations - Chart of the Day

Health Insurance Innovations (HIIQ) is the Barchart Chart of the Day.  The web based insurance broker has a Trend Spotter buy signal, a Weighted Alpha of 223.06+ and gained 160.03% in the last year.

The Chart of the Day belongs to Health Insurance Innovations (HIIQ).  I found the web based insurance broker by using Barchart to sort today's All Time High list  first by the highest Weighted Alpha, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 11/3 the stock gained 184.55%.

Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, 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 web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter  buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 55.56% in the last month
  • Relative Strength Index 76.33%
  • Technical support level at 14.97
  • Recently traded at 17.50 with a 50 day moving average of 9.84
Fundamental factors:
  • Market Cap $215 million
  • P/E 16.78
  • Revenue expected to grow 68.20% this year and another 7.80% next year
  • Earnings estimated to increase 248.10% this year, an additional 17.00% next year and continue to compound at an annual rate of 10.38% for the next 5 years
  • Wall Street analysts issued 2 buy and 1 hold recommendation on the stock

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