The Chart of the Day belongs to Abeona Therapeutics (ABEO). I found the biomedical stock by using Barchart to sort today's Top Stocks to Own 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 6/2 the stock gained 50.84%.
Abeona Therapeutics, Inc. is engaged in developing and delivering gene therapy and plasma-based products for rare diseases. Abeona Therapeutics Inc., formerly known as PlasmaTech Biopharmaceuticals, Inc., is based in Dallas, United States.
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 Barchart.com 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 91.70% in the last month
- Relative Strength Index 84.37%
- Technical support level at 8.82
- Recently traded at 9.00 with a 50 day moving average of 5.95
Fundamental factors:
- Market Cap $371 billion
- Revenue expected to grow 6.90% this year and another 36.80% next year
- Earnings estimated to increase 12.50% this year and an additional 39.30%% next year
- Wall Street analysts issued 5 strong buy recommendations
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