Cempra - Barchart's Chart of the Day

Cempra (CEMP) is the Barchart Chart of the Day.  The pharmaceutical company has a Trend spotter buy signal, a Weighted Alpha of 113.50+ and gained 89.60% in the last year.

The Chart of the Day is Cempra (CEMP).  I found the pharmaceutical company by sorting the All Time High list for the stock having the most frequent new highs in the last month.  Since the Trend Spotter signaled a buy on 11/26 the stock gained 69.65%,

Cempra Holdings, LLC is a pharmaceutical company engaged in developing antibiotics for the treatment of bacterial infectious diseases. It focuses on developing antibiotics for treating respiratory tract, skin and skin structure infections and to target the growing problem of antimicrobial resistance.

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 signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 72.50% in the last month
• Relative Strength Index 78.38%
• Barchat computes a technical support level at 20.34
• Recently traded at 24.55 with a 50 day moving average of 16.21

Fundamental factors:

• Market Cap $816.04 million
• Revenue expected to grow 110.30% this year and another 24.5:0% next year
• Earnings estimated to increase 13.40% next year
• Wall Street analysts issued 5 strong buy and 4 buy recommendations on the stock

The 20-100 Day MACD Oscillator has been the most effective technical trading strategy on this stock and should be used to find an exit point.