The Chart of the Day belongs to Alder Biopharmaceuticals (ALDR). I found the bio medical stock when I used Barchart to sort the 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 5/6 the stock gained 88.16%.
Alder Biopharmaceuticals Inc. is a clinical-stage biopharmaceutical company. It discovers, develops and seeks to commercialize therapeutic antibodies. It is developing monoclonal antibodies comprising ALD403, for the prevention of migraine; and Clazakizumab, in the treatment of rheumatoid arthritis and psoriatic arthritis. Alder Biopharmaceuticals Inc. is headquartered in Bothell, Washington.
The status of 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
- 10 new highs and up 22.44% in the last month
- Relative Strength Index 68.80%
- Barchart computes a technical support level at 42.61
- Recently traded at 52.85 with a 50 day moving average of 38.77
Fundamental factors:
- Market Cap $1.95 billion
- Revenue expected to decrease 98.10% this year but increase again by 1,367.30% next year
- Earnings estimated to decrease by 643.30% this year and decrease again by an additional 14.10% next year
- Despite this poor projections Wall Street analysts issued 2 strong buy and 1 buy recommendation.
The most reliable technical trading strategy has been the 100 day moving average vs price and should continue to be used.
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