Formfactor (FORM) is the Chart of the Day. Since the Trend Spotter signaled a buy on 4/30 the stock gained 36.10%. In the last month alone the stock advanced 16 times for a gain of 31.64%.
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The Chart of the Day is Formfactor (FORM). The stock has 100% technical buy signals and a Trend Spotter buy signal. I found the stock by sorting the New High List for frequency and this stock had a Relative Strength Index of 84.86%.
The company designs, develops, manufactures, sells and supports precision, high performance advanced semiconductor wafer probe cards. Their products are based on proprietary technology, including its MicroSpring interconnect technology, which enables FormFactor to produce wafer probe cards for test applications that require reliability, speed, precision and signal integrity.
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% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 31.64% in the last month
- Relative Strength Index 84.86%
- Barchart computes a technical support level at 6.20
- Recently traded at 6.74 with a 50 day moving average of 5.16
Fundamental factors:
- Market Cap $363.56 million
- Revenue projected to increase by 39.37% this year and another 14.70% next year
- Earnings estimated to grow by 91.80% this year and an additional 325.00% next year
- Wall Street analysts issued 2 strong buy and 1 buy recommendation
- Financial Strength B+
Exit if the stock drops below its 50 day moving average.
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