Cascade Microtech (CSCD) is the Chart of the Day. The electrical measurement instruments company has a Trend Spotter buy signal, a Weighted Alpha of 99.90+ and has gained 43.64% in the last 6 months.
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The Chart of the Day is Cascade Microtech (CSCD). The stock was right near the top of the New High List when I sorted it for frequency. Since the Trend Spotter gave a buy signal back on 7/15 the stock rose 48.64% and is still climbing.
It designs, develops and manufactures advanced wafer probing solutions for the electrical measurement and test of integrated circuits, or ICs. Their engineering probe stations and analytical probes are used in research and development to perform precise electrical measurements on increasingly complex and high speed ICs. Cascade's production probe cards reduce manufacturing costs of complex and high speed ICs by identifying defective ICs early in the process and by testing multiple ICs concurrently.
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% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 28.89% in the last month
- Relative Strength Index 89.13%
- Barchart computes a technical support level at 9.98
- Recently traded at 10.17 with a 50 day moving average of 8.20
Fundamental factors:
- Market Cap $145.33 million
- P/E 23.81
- Revenue predicted to grow by 5.60% this year and another 10.60% next year
- Earnings estimated to increase 19.00% this year, an additional 62.80% next year and continue to increase at an annual rate of 15.00% for the next 5 years
- Wall Street analysts have issued 2 strong buy recommendations
- Financial Strength is B
Barchart makes it easy to monitor the 50 day moving average which is the exit point I have successfully used for years.
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