The Chart of the Day belongs to Chimerix (CMRX). I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 9/9 the stock gained 16.43%.
Chimerix, Inc. engages in the discovery, development and commercialization of oral antiviral therapeutics for various medical needs. The Company is developing various product candidates for the treatment of dsDNA viruses, HIV, hepatitis C, influenza and smallpox which are under different phases of clinical development. It is also screening our proprietary Chimerix Chemical Library for compounds with activity against dengue virus, malaria and tuberculosis.
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
- 6 new highs and up 42.31% in the last month
- Relative Strength Index 71.67%
- Barchart computes a technical support level at 30.32
- Recently traded at 33.23 with a 50 day moving average of 26.02
Fundamental factors:
- Market Cap $1.14 billion
- Revenue expected to be down 42.10% this year but up again by 394.50% next year
- Earnings estimated to increase 54.00% this year and another 2.40% next year
- Wall Street analysts issued 3 strong buy and 4 buy recommendations on the stock
Watch the 50 and 100 day moving averages very closely.
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