Ironwood Pharmaceutical (IRWD) is the Chart of the Day. The Trend Spotter signaled a buy on 1/3 and the stock is up 49.07% since then. During the last month the stock advanced 14 times for a gain of 27.38%.
Article:
Ironwood Pharmaceuticals (IRWD) is the Chart of the Day. We found the stock by sorting the Barchart New High List for frequency and IRWD was near the top of the list. The Trend Spotter signaled a buy on 1/3 and since then the stock is up 49.07%. In just the last month the stock advance in 14 trading sessions and gained 27.38%
The Company is a pharmaceutical company that discovers, develops, and intends to commercialize innovative human medicines. The compound, Linaclotide, is being evaluated in a confirmatory Phase 3 program for the treatment of irritable bowel syndrome with constipation and chronic constipation.
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% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 27.38% in the last month
- Relative Strength Index 90.41%
- Barchart computes a technical support level at 17.16
- Recently traded at 17.68 with a 50 day moving average of 14.20
Fundamental factors:
- Market Cap $1.90 billion
- Revenue is expected to be down 68.40% this year but to rebound by 105.30% next year
- Earnings ate estimated to be down 225.00% this year but increase by 38.90% next year
- Analysts have issued 3 strong buy, 1 buy, 4 hold and 2 strong sell recommendations
- Financial Strength B++
Exit strategy: This is a volatile stock so consider selling if you lose 10% or the stock drops below its 50 day moving average.
