The Chart of the Day belongs to Zeltiq Aesthetics (ZLTQ). I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 1/9 the stock gained 3.74%.
Zeltiq Aesthetics Inc. is a medical technology company engaged in designing, development and commercialization of non-invasive procedures for the reduction of unwanted fat tissue. The Company offers CoolSculpting System and other products to the dermatologists, plastic surgeons, and aesthetic specialists in North America and internationally.
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
- 4 new highs and up 2.96% in the last month
- Relative Strength Index 59.58%
- Barchart computes a technical support level at 27.49%
- Recently traded at 30.23 with a 50 day moving average of 28.09
Fundamental factors:
- Market Cap $1.13 billion
- Revenue expected to grow 5620% this year and another 28.50% next year
- Earnings estimated to increase 103.80% this year, an additional 250.00% next year and continue to compound at an annual rate of 3000% for the next 5 years
- Wall Street analysts issued 4 strong buy, 1 buy and 2 hold recommendations on the stock
The 20-100 day MACD Oscillator has been an effective trading strategy on this stock and should be used for entry and exit points.
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