The Chart of the Day belongs to Electo Scientific Industries (ESIO). I found the electronics equipment stock by using Barchart to sort today's Top Stocks to Own list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 7/19 the stock gained 59.42%
Electro Scientific Industries, Inc. and its subsidiaries provides electronics manufacturers with equipment necessary to produce key components used in wireless telecommunications, computers, automotive electronics, and many other electronic products. Additionally, they produce a family of mechanical and laser drilling systems for production of printed wiring boards and advanced electronic packaging, as well as machine vision products for manufacturers of semiconductors, electronics and other products.
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:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 26.75% in the last month
- Relative Strength Index 85.04%
- Technical support level at 12.27
- Recently traded at 13.79 with a 50 day moving average of 10.53
Fundamental factors:
- Market Cap $44 million
- Revenue expected to grow 42.90% this year and another .80% next year
- Earning estimated to increase 348.30% this year, an additional 8.30% next year and continue to compound at an annual rate of 12.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 1 buy recommendation on the stock
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