Vascular Solutions - Chart of the Day

Vascular Solutions (VASC) is the Barchart Chart of the Day.  The medical products stock has a Trend Spotter buy signal, a Weighted Alpha of 50.30+ and gained 43.22% in the last year.

The Chart of the Day is Vascular Solutions (VASC). I found the stock by sorting the All Time High list for the stock with the best technical buy signals and then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 9/26 the stock gained 15.92%,

Vascular Solutions Inc. manufactures, markets and sells the Vascular Solutions Duett sealing device, which enables cardiologists and radiologists to rapidly seal the puncture site following catheterization procedures such as angiography, angioplasty and stenting. Its product combines a simple balloon catheter delivery mechanism with a powerful, proprietary procoagulant. The company believes its product offers advantages over both manual compression and the three other FDA-approved devices used to seal the puncture site following the catheterization

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
• 12 new highs and up 15.92% in the last month
• Relative Strength Index 81.25%
• Barchart computes a technical support level at 27.57
• Recently traded at 28.40 with a 50 day moving average of 24.90

Fundamental factors:

• Market Cap $486.49
• P/E 34.36
• Revenue expected to grow 13.50% this year and another 10.80% next year
• Earnings estimated to increase by 4.10% this year an additional 19.50% next year and continue to increase at an annual rate of 20.00% for the next 5 years
• Wall Street analysts issued 1 strong buy and 2 buy recommendations on the stock

The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy so I'd continue to use that for an exit point.