Cafefusion Corp - Barchart's Chart of the Day

Carefusion Corp (CFN) is the Barchart Chart of the Day.  The medical products company has a Trend Spotter buy signal, a Weighted Alpha of 27.60+ and gained 25.09% in the last year.

The Chart of the Day is Carefusion Corp (CFN).  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 stocks.  Since the Trend Spotter signaled a buy on 8/18 ht e stock gained 4.75%.

CFN is a global corporation serving the health care industry with products and services that help hospitals measurably improve the safety and quality of care. The company develops market-leading technologies including Alaris ' IV pumps, Pyxis ' automated dispensing and patient identification systems, AVEA ' and Pulmonetic Systems ventilation and respiratory products, ChloraPrep ' and MedMined services for infection prevention, neurological monitoring and diagnostic products, V. Mueller ' surgical instruments, and an extensive line of products that support interventional medicine.

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 signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 8.29% in the last month
• Relative Strength Index 68.98%
• Barchart computes a technical support level at 45.74
• Recently traded at 46.77 with a 50 day moving average of 44.73

Fundamental factors:

• Market Cap $9.70 billion
• P/E 19.36
• Revenue predicted to grow 6.20% this year and another 3.50% next year
• Earnings estimated to increase 13.60% this year, an additional 10.80% next year and continue to increase at an annual rate of 11.65% for the next 5 years
• Wall Street analysts issued 3 strong buy, 3 buy and 7 hold recommendations on the stock

Watch this one closely.  You can see that it had 2 significant dips in the last 6 months.  I'd closely monitor the 100 day moving average on this one.