The Chart of the Day belongs to Ichor (ICHR). I found the semiconductor stock by using Barchart to sort today's Top Stocks to Own list first by the highest Weighted Alpha, next by technical buy signals of 80% or more then the Flipchart feature to find charts with consistent price appreciation. Since the Trend Spotter signaled a buy in 8/31 the stock gained 44.94%.
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Ichor Holdings, Ltd. is based in Fremont, 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:
- 226.41+ Weighted Alpha
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 36.29% in the last month
- Relative Strength Index 81.32%
- Technical support level at 32.45
- Recently traded at 33.19 with a 50 day moving average of 23.90
Fundamental factors:
- Market Cap $226.41 million
- Revenue expected to grow 59.20% this year and another 14.40% next year
- Earnings estimated to increase 83.20% this year, an additional 18.20% next year and continue to compound at an annual rate of 37.29% for the next 5 years
- Wall Street analysts issued 1 strong buy and 4 buy recommendations on the stock
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