Sierra Wireless - Barchart's Chart of the Day

Sierra Wireless (SWIR) is the Chart of the Day.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 157.40+, has gained 94.37% in the last 6 months and 148.70% in the last year.

The Chart of the Day is Sierra Wireless (SWIR).  I found the stock by sorting the New High List for frequency then made sure the stock had positive gains for the last week and last month.  Since the Trend Spotter signaled a buy on 9/20 volume has picked up and the stock has gained 35.69%.

It is a provider of wireless data communications products. The company delivers wireless PC Cards for portable computers, wireless adapters for PDA's, OEM modules for embedded applications and rugged vehicle-mounted wireless systems.The company is the founding member of the Wireless Ready Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions.

Please notice how volume and price momentum coincide on the chart below:

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 63.70% in the last month
• Relative Strength Index 74.94%
• Barchart computes a technical support level at 18.37
• Recently traded at 19.97 with a 50 day moving average of 14.39

Fundamental factors:

• Market Cap $613.83 million
• P/E 75.30
• Revenue projected to grow 12.10% next year
• Earnings estimated to  increase 230.00% next year and continue to increase at an annual rate of 12.00% for the next 5 years
• Wall Street analysts issued 4 strong buy, 3 buy and 4 hold recommendations on this stock.

When stocks move up this fast volume and price can fall just as fast.  Watch for weaknesses in volume and the 50 day moving average to time an exit.