The Chart of the Day belongs to Zs Pharma (ZSPH). I found the stock by sorting the All Time High list for the stock with the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/23 the stock gained 10.15%.
Zs Pharma, Inc. is a biopharmaceutical company. It is focused on the development and commercialization of non-absorbed drugs to treat renal, cardiovascular, liver and metabolic diseases. The Company is developing ZS-9, insoluble non-absorbed zirconium silicate that is in Phase III development for the treatment of hyperkalemia.
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 9.70% in the last month
- Relative Strength Index 67.78%
- Barchart computes a technical support level at 45.30
- Recently traded at 50.65 with a 50 day moving average of 44.46
Fundamental factors:
- Market Cap $1.05 billion
- Earnings estimated to increase by 29.70% next year
- Wall Street analysts issued 1 strong buy and 3 buy recommendations
- The individual investors polled on Motley Fool voted 6 to 1 that the stock will beat the market
The 100 day moving average vs price has been a dependable technical trading strategy for this stock and should continue to be used for entry and exit points.
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