The Chart of the Day belongs to UTStarcom (UTSI). I found the network solutions stock by using Barchart to sort today's 52 Week High list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 9/5 the stock gained 136.24%.
UTStarcom Holdings Corp. is engaged in providing interactive Protocol based network solutions. The Company also provides integration and support services in Internet Protocol TV, Interactive TV, Internet TV and Broadband for cable and telecom operators. It designs and sells IP-based telecommunications infrastructure products including its primary product suite of IPTV, and broadband solutions along with the services relating to the installation, operation and maintenance of these products. UTStarcom Holdings Corp., formerly known as UTStarcom, Inc., is headquartered in Beijing, China.
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:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 60.56% in the last month
- Relative Strength Index 77.64%
- Technical support level at 5.24
- Recently traded at 5.08 with a 50 day moving average of 3.32
Fundamental factors:
- Market Cap $195 million
- Revenue expected to grow 35.20% this year and another 11.10% next year
- Earnings estimated to increase 344.40% this year, an additional 25.00% next year and continue to compound at an annual rate of 22.00% for the next 5 years
- At the present time only one Wall Street analyst is following the stock and rates it a strong buy
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