Wednesday, February 22, 2017

Patheon - Chart of the Day

Patheon (PTHN) is the Barchart Chart of the Day.  The Dutch Pharmaceutical company has a Trend Spotter buy signal, a Weighted Alpha of 31.40+ and gained 28.25% in the last year.

The Chart of the Day belongs to Patheon (PTHN).  I found the Dutch pharmaceutical stock by using Barchart to sort today's All Time High list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 2/1 the stock gained 9.61%.

Patheon N.V. is a provider of pharmaceutical development and manufacturing services. Patheon N.V. is based in Amsterdam, Netherlands.

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
  • 17 new highs and up 16.42% in the last month
  • Relative Strength Index 78.38%
  • Technical support level at 31.72
  • Recently traded at 32.05 with a 50 day moving average of 28.84
Fundamental factors:
  • Market Cap $4.62 billion
  • Revenue expected to grow 9.10% this year and another 9.80% next year
  • Earnings estimated to increase 51.60% this year, an additional 18.40% next year and continue to compound at an annual rate of 20.24% for the next 5 years
  • Wall Street analysts issued 7 strong buy and 2 buy recommendations on the stock

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