Lannett (LCI) is the Chart of the Day. The generic pharmaceutical firm has a Trend Spotter buy signal and has gained over 363.33% in the last year.
Article:
The Chart of the Day is Lannett (LCI). The stock was found by sorting the New High List for frequency over the last month. The stock has both a Trend Spotter buy signal and 96% technical buy signals.
It manufactures and distributes pharmaceutical products sold under generic names and historically has manufactured and distributed pharmaceutical products sold under its trade or brand names. In addition, the Company contract manufactures and private labels pharmaceutical products for other companies.
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
- 19 new highs and up 67.72% in the last month
- Relative Strength Index 85.43%
- Barchart computes a technical support level at 21.50
- Recently traded at 22.15 with a 50 day moving average of 15.35
Fundamental factors:
- Market Cap $634.40 million
- P/E 50.74
- Revenue projected to increase 21.30% this year and another 13.00% next year
- Earnings estimated to grow 19.60% this year, 40.00% next year and continue to increase at an annual rate of 20.75% for the next 5 years
- Wall Street analysts issued 2 strong buy and 2 buy recommendations
- Financial Strength is B
This stock has moved a lot this year so very closely watch that 50 day moving average for signs of weakness.
No comments:
Post a Comment