Palo Alto Networks - Barchart's Chart of the Day

The Chart of the Day belongs to Palo Alto Networks (PANW).  The computer peripheral equipment stock has a Trend Spotter buy signal, a Weighted Alpha of 112.10+ and gained 137.68% in the last month,

The Chart of the Day belongs to Palo Alto Networks (PANW).  I found the stock by sorting the Top Signal Stocks for the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a  buy on 5/14 the stock gained 8.24%.

Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks. The core of its platform is the Company's firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture. It serves the enterprise network security market, which consists of Firewall, Unified Threat Management, Web Gateway, Intrusion Detection and Prevention, and Virtual Private Network technologies. Palo Alto Networks, Inc. is headquartered in Santa Clara, 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

Barchrat technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 8.68% in the last month
• Relative Strength Index 67.70%
• Barchart computes a technical support level at 158.63
• Recently traded at 167.35 with a 50 day moving average of 150.24

Fundamental factors:

• Market Cap $13.45 billion
• Revenue expected to grow 50.30% this year and another 34.30% next year
• Earnings estimated to increase 107.50% this year, an additional 90.40% next year and continue to increase at an annual rate of 49.40% for the next 5 years
• Wall Street analysts  issued 11 strong buy, 14 buy and 5 hold recommendations on the stock

The 20-50 day MACD Oscillator has been an extremely good technical trading strategy on this stock and should continue to be used to find entry and exit points.

IMAX Corp - All Time High

Imax Corp (IMAX) is the Barchart Chart of the Day.  The movie and TV production and distribution company has a Trend Spotter buy signal, a Weighted Alpha of 64.41+ and gained 60.47% in the last year.

The Chart of the Day belongs to IMAX Corp (IMAX).  I found the stock by sorting today's All Time High list for the stocks having he best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/6 the stock gained 7.99%.

Imax Corporation is an entertainment technology company, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. They design and manufacture projection and sound systems for giant-screen theaters and are a producer and distributor of films for giant-screen theaters. They also design and manufacture high performance digital image delivery systems in the form of digital projectors capable of projecting quality images on large screens from any video, computer or HDTV source.

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
• 7 new highs and up 9.92% in the last month
• Relative Strength Index 76.83%
• Barchart computes a technical support level at 38.18
• Recently traded at 41.40 with a 50 day moving average of 36.59

Fundamental factors:

• Market Cap $ 2.89 billion
• P/E 68.88
• Revenue expected t grow 22.20% this year and another 7.60% next year
• Earnings estimated to increase 54.70% this year, an additional 16.40% next year and continue to increase at an annual rate of 19.90% for the next 5 years
• Wall Street analysts issued 4 strong buy, 7 buy, 3 hold and 1 under perform recommendation on the stock

I would recommend you use a trailing stop loss 10% below the most recent high to preserve you gains.

Cytec Industries - All Time High

Cytec Industries (CYT) is the Barchart Chart of the Day.  The chemical products company has a Trend Spotter buy signal, a Weighted Alpha of 29.60+, gained 23.12% in the last year and paid a .85% dividend.

The Chart of the Day belongs to Cytec Industries (CYT).  I found the stock by sorting 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 3/19 the stock gained 14.74%.

Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products with sales. The company's products serve a diverse range of end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics. The Company use its technology and application development expertise to create chemical and material solutions that are formulated to perform specific and important functions in the finished products of their customers.

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 signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 7..98% in the last month
• Relative Strength Index 73.25%
• Barchart computes a technical support level at 58.18
• Recently traded at 60.47 with a 50 day moving average of 55.51

Fundamental factors:

• Market Cap $4.32 billion
• P/E 19.18
• Dividend yield .85%
• Revenue expected to row 5.90% this year and another 7.80% next year
• Earnings estimated to increase 10.80% this year, an additional 14.30% next year and continue to compound annually at a rate of 10.52% for the next 5 years
• Wall Street analysts issued 2 strong buy, 5 buy and 3 hold recommendations on the stock.

None of the regular technical trading strategies have been reliable on this stock so I would recommend you use a trailing stop loss 10% the most recent high.

Eagle Pharmaceutical - All Time High

Eagle Pharmaceutical (EGRX) is the Barchart Chart of the Day. The specialty pharmaceutical company has a Trend Spotter buy signal, a Weighted alpha of 346.82+ and gained 592.99% in the last year.

The Chart of the Day belongs to Eagle Phamaceutical (EGRX).   I found the stock by sorting 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 another buy on 5/4 the stock gained 11.78%.

Eagle Pharmaceuticals, Inc. is a specialty pharmaceutical company. It focuses on developing and commercializing injectable products primarily in the critical care and oncology areas in the United States. The Company markets EP-1101 to treat heparin-induced thrombocytopenia. It develops EP-3101, EP-3102, Ryanodex and EP-4104. Eagle Pharmaceuticals, Inc. is based in Woodcliff Lake, New Jersey.

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
• 5 new highs and up 7.89% in the last month
• Relative Strength Index 69.84%
• Barchart computes a technical support level at 60.39
• Recently traded at 65.28 with a 50 day moving average of 52.52

Fundamental factors:

• Market Cap $ 994.21 million
• P/E 1,066
• Revenue expected to grow 169.90% next year
• Earnings estimated to increase 653.30% next year
• Wall Street analysts issued 1 strong buy and 2 buy recommendations on the stock

The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock.  As with any high flyer like this I'd advise you to use a trailing loss to protect your gains.