The Chart of the Day is Novadaq Technologies (NVDQ). I found the stock by sorting the All Time High list for new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/1 the stock is up 3.13%.
NVDQ develops, manufactures and markets real-time fluorescence imaging products for use in the operating room and other clinical settings. The company's key markets include plastic reconstructive, gastrointestinal, cardiac and general surgery. It provides SPY imaging systems which enables surgeons to the visualize blood flow in vessels, co-joined vessels and micro-vessels.
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 16.26% in the last month
- Relative Strength Index 70.36%
- Barchart computes a technical support level at 21.57
- Recently traded at 23.69 with a 50 day moving average of 20.62
Fundamental factors:
- Market Cap $1.30 billion
- Revenue expected to grow 43.50% this year and another 63.30% next year
- Earnings estimated to increase by 146.70% next year and continue to increase at an annual rate of 30.00% for the next 5 years
- Wall Street analysts issued 4 strong buy, 5 buy, 1 hold and 1 under perform recommendations on the stock
Watch this stock closely, it can fall as fast and it rose. Use the 50 day moving average as a caution signal and the 100 day moving average to protect profits.
No comments:
Post a Comment