Omega Protein (OME) is the Barchart Chart of the Day. The fish oil supplement company has a Trend Spotter buy signal, a Weighted Alpha of 71.00+ and gained 37.95% in the last year.
The
Chart of the Day belongs to
Omega Protein (OME). I found the fish oil supplement stock by using Barchart to sort the
Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more, then for technical buy signals of 80% or better and a 50-100 Day MACD Oscillator buy signal. Lastly I always use the Flipchart feature to review the charts. That filtering reduced 3000 stock down to the best 77. Since the Trend Spotter signaled a buy on 9/18 the stock gained 12.84%
Omega Protein Corporation, headquartered in Houston, is one of the nation's leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications.
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
- 71.00+ Weighted Alpha
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 9.85% in the last month
- Relative Strength Index 63.49%
- Barchart computes a technical support level at 16.65
- Recently traded at 19.54 with 50 day moving average of 17.24
Fundamental factors:
- Market Cap $424.19 million
- P/E 18.76
- Revenue expected to grow 19.40% this year and another 10.00% next year
- Earnings estimated to decrease .80% this year but increase again by 24.40% next year and continue to compound at an annual rate of 8.00% for the next 5 years
- Wall Street analysts issued 3 strong buy and 1 hold recommendation on the stock
- The individual investors on Motley Fool voted 131 to 12 that the stock will beat the market
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.