Mastech Holdings - Chart of the Day

Mastech Holdings (MHH) is the Chart of the Day.  The information technology company has a Trend Spotter buy signal, a Weighted Alpha of 265.90 and gained 308.79% in the last year.

The Chart of the Day is Mastech Holdings (MHH).  I found the stock by using Barchart to sort the New High List for Weighted Alpha and this stock has a WA of 265.90+.  Since the Trend  Spotter gave a buy signal on 9/24 the stock has gained 60.01%.

It provides Information Technology services in the disciplines which drive today's business operations. Clients turn to Mastech for comprehensive I.T. services including: I.T. Consulting; OneSource Co-Managed projects and supplemental I.T. resources. Mastech's niche focus includes Business Intelligence/Data Warehousing; Enterprise Resource Planning; Service Oriented Architecture; Web Development and I.T. Project Management. Mastech also provides Recruitment Process Outsourcing services and Brokerage Operations Staffing services through its RPOworldwide and Global Financial Services subsidiaries. Mastech is a certified minority-owned business enterprise.

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
• 15 new highs and up 61.60% in the last month
• Relative Strength Index 93.35%
• Barchart computes a technical support level at 16.83
• Recently traded at 18.61 with a 50 day moving average of 12.39

Fundamental factors:

• Market Cap $63.99 million
• P/E 18.79
• Financial Strength C++
• Presently no analyst is covering the stock but they have made a profit every year since 2008 and paid a special dividend of $2.00 in 2012.

This is a pure technical play since there is no Wall Street coverage.  Using moving stop losses at the 100 day moving average to protect profits.