Friday, February 24, 2017

Teleflex - Chart of the Day

Teleflex (TFX) is the Barchart Chart of the Day.   The medical instrument company has a Trend Spotter buy signal, a Weighted Alpha of 30.20+ and gained 42.90% in the last year.

The Chart of the Day belongs to Teleflex (TFX).  I found the medical instrument stock by using Barchart to sort today's All Time High list first by the most frequent number of new highs this month, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy in 12/16 the stock gained 20.34%

Teleflex Inc. designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company offers its products to hospitals and healthcare providers through its direct sales force and distributors. Teleflex was founded in 1943 and is headquartered in Wayne, Pennsylvania.

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
  • 18 new highs and up 15.05% in the last month
  • Relative Strength Index 85.94%
  • Technical support level at 181.41
  • Recently traded at 189.58 with a 50 day moving average of 167.60
Fundamental factors:
  • Market Cap $8.1 billion
  • P/E 25.49
  • Dividend yield .74%
  • Revenue expected to grow 6.00% this year and another 5.30% next year
  • Earnings estimated to increase 8.60% this year, an additional 12.90% next year and continue to compound at an annual rate of 11.17% for the next 5 years
  • Wall Street analysts issued 5 buy and 5 hold recommendations on the stock

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