EPAM Systems - Barchart's Chart of the Day

EPAM Systems (EPAM) is the Barchart Chart of the Day.  The global IT services provider has a Trend Spotter buy signal, a Weighted Alpha of 96.50+ and gained 99.86% in the last year.

The Barchart Chart of the Day is EPAM Systems (EPAM).  I found the stock by sorting the All Time High List for frequency in the last month, eliminated the stocks that did not have positive gains in the last week and month and then reviewed the chart using the Flipchart function.  Since the Trend Spotter signaled a buy on 1/7 the stock gained 16.68%.

EPAM is an IT services provider engaged in providing software product development services, software engineering and custom development solutions. Its software product development services include product research, design and prototyping, product development, component design and integration. Its custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration. The Company also provides application testing services consisting of software application testing, testing for enterprise IT, and consulting services. It serves banking, financial services, business information, media, travel and hospitality, retail, energy, telecommunications, automotive, manufacturing, life sciences industries and the government.

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 signals
• Above its 20, 50 and 100 day moving averages 
• 12 new highs and up 20.04% in the last month
• Relative Strength Index 77.42%
• Barchart computes a technical support level at 38.72
• Recently traded at 41.84 with a 50 day moving average of 35.86

Fundamental factors:

• Market Cap $1.93 billion
• P/E 31.64
• Revenue predicted to grow 25.30% this year and another 21.40% next year
• Earnings estimated to increase 14.80% this year, an additional 18.40% next year and continue to increase at an annual rate of 16.60% for the next 5 years
• Wall Street analysts issued 2 strong buy, 4 buy and 3 hold recommendations on the stock.

The stock looks solid.  Watch the 50 day moving averages for signs of weakness and use the 100 day moving average as your stop loss.