The Chart of the Day belongs to Receptos (RCPT). I found the biopharmaceutical stock by sorting today's All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/12 the stock gained 37.49%.
Receptos, Inc. is a biopharmaceutical company. It develops therapeutic for the treatment of immune and metabolic diseases. Receptos, Inc. is headquartered in San Diego, California.
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
- 8 new highs and up 31.32% in the last month
- Relative Strength Index 75.56%
- Barchart computes a technical support level at 192.71
- Recently traded at 229.81 with a 50 day moving average of 174.71
Fundamental factors:
- Market Cap $7.25 billion
- Revenue expected to grow 272.20% this year and another 58.60% next year
- Earnings estimated to decrease 9.70% this year an an additional 13.80% next year
- In spite of the poor earnings projections the stock keeps rising and Wall Street analysts issued 2 strong buy and 4 buy recommendations on the stock
The 20-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock/
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