The Chart of the Day is Splunk Inc (SPLK). I found the stock by sorting the All Time High list for frequency in the last month and skipped the stocks that didn't have gains in the last week and month. Then I used the Flipchart feature to review the stocks. since the Trend Spotter signaled a buy on 2/7 the stock is up 20.82%.
SPLK provides a software platform, which collects and indexes data and enables users to search, correlate, analyze, monitor and report on this data, all in real time. Its software is designed to help users in various roles, including IT and business professionals.
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 29.88% in the last month
- Relative Strength Index 79.94%
- Barchart computes a technical support level at 89.39
- Recently traded at 95.90 with a 50 day moving average of 77.72
Fundamental factors:
- Market Cap $10.15 billion
- Revenue predicted to grow by 47.30% this year and another 35.20% next year
- Earnings estimated to increase 50.00% this year, an additional 1400.00% next year and continue to increase at an annual rate of 25.00% for the next 5 years
- Wall Street analysts issued 5 strong buy, 13 buy, 10 hold and 1 under perform recommendation
Watch this up and comer. Use the 50 day moving average to gauge weakness and the 100 moving average to preserve profits.
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