The Chart of the Day is Supercom Ltd (SPCB). I found the stock by sorting the New High list for Weighted Alpha , then used the Flipchart feature to look at the chart and see if there is still current momentum. Since the Trend Spotter signaled a buy on 5/19 the stock gained 23.32%.
SuperCom Ltd. is a provider of radio frequency identification solutions. It offers advanced safety, identification and security products and solutions primarily to Governments, private and public organizations. The Company produces systems for viewing, tracking, locating, credentialing, and managing assets and personnel. Formerly known as Vuance Ltd., is headquartered in Qadima, Israel.
The status of 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 average
- 11 new highs and up 29.62% in the last month
- Relative Strength Index is 77.11%
- Barchart computes a technical support level at 9.01
- Recently traded at 9.89 with a 50 day moving average of 7.62
Fundamental factors:
- Market Cap $99.39 million
- There are no Wall Street firms following the stock
- On Motley Fool the individual investors who have found the stock predict it will out perform the market 3 to 0
- Since the company depends on various governments for contracts the revenue and earning may vary greatly
This is a pure financial play. Watch the 50 day moving average and exit at the 100 day moving average
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