The Chart of the Day belongs to Five9 (FIVN). I found the software stock by using Barchart to sort the Russell 3000 Index stocks for the stocks with the highest Weighted Alphas, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 5/25 the stock gained 34.49%.
Five9 provides cloud software for contact centers. The Company offers software products such as workforce management, speech recognition, predictive dialer, and voice applications. It offers virtual contact center cloud platform that acts as the hub for interactions between its clients and their customers, enabling contact center operations focused on inbound or outbound customer interactions in a single unified architecture. The Company serves customers in various industries, including banking and financial services, business process outsourcers, consumer, healthcare, and technology. Five9, Inc. is headquartered in San Ramon, 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:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 10.32% in the last month
- Relative Strength Index 65.82%
- Technical support level at 12.96
- Recently traded at 13.36 with a 50 day moving average of 12.21
Fundamental factors:
- Market Cap $692.45 million
- Revenue expected to grow 21.90% this year and another 17.80% next year
- Earnings estimated to increase 64.30% this year and an additional 64.30% next year
- Wall Street analysts issued 5 strong buy, 1 buy and 1 hold recommendation on the stock
