The Chart of the Day belongs to Straight Path Communications (STRP). I found the stock by sorting the extremely short All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 9/3 the stock gained 116.41%
Straight Path Communications Inc. offers leases and markets fixed wireless spectrum licenses, through its subsidiary, primarily in the United States. The company provides spectrum leasing and related services to telecommunications providers and other companies as well as point-to-point and point-to-multipoint wireless broadband digital telecommunications services to its customers.
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 signals
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 110.86% in the last month
- Relative Strength Index 80.69%
- Barchart computes a technical support level at 15.13
- Recently traded at 20.81 with a 50 day moving average of 11.57
Fundamental Factors:
- Market Cap $229.45 million
- At the present time no Wall Street analysts are making predictions on this stock
- Only a dozen individual investors on Motley Fool are following this stock
- This is a purely technical play and should be treated as such
his stock at present has no following so very, very closely monitor the 50 day moving average for weakness and bail immediately if it drops below its 100 day moving average.
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