The Chart of the Day is Cybernoics (CYBX). I found the stock by sorting today's New High List for frequency, then used the flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/11 the stock gained 35.36%.
They design, develop and market medical devices for the treatment of epilepsy and other debilitating neurological disorders using a therapy, vagus nerve stimulation. The company's initial target market is epilepsy, the world's second most prevalent neurological disorder, which is characterized by seizures. Vagus nerve stimulation with the Cyberonics NCP System was approved for use as an adjunctive therapy in reducing the frequency of seizures in adults and adolescents with medically refractory partial onset seizures.
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 25.36% in the last month
- Relative Strength Index 85.28%
- Barchart computes a technical support level at 67.84
- Recently traded at 71.02 with a 50 day moving average of 57.82
Fundamental factors:
- Market Cap $1.94 billion
- P/E 35.98
- Analysts predict revenue will grow by 11.40% this year and another 10.70% next year
- Earnings are estimated to increase 15.50% this year, an additional 14.90% next year and continue to increase by 17.33% annually for the next 5 years
- Wall Street analysts issued 6 strong buy, 2 buy and 2 hold recommendations
- Financial Strength is B+
The stock has been on a fast climb so watch the 50 day moving average to protect your profits
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