RTI Surgical - Chart of the Day

RTI Surgical (RTIX) is the Barchart Chart of the Day.  The medical implant company has a Trend Spotter buy signal, a Weighted Alpha of 89.18+ and gained 63.41% in the last year.

The Chart of the Day belongs to RTI Surgical (RTIX).  I found the medical implant stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent number of new highs in the last month and then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 2/14 the stock gained 69.57%.

RTI Surgical Inc. is a surgical implant company. Its implants are used in sports medicine, general surgery, spine, orthopedic, trauma and cardiothoracic procedures. RTI Surgical Inc., formerly known as RTI Biologics, Inc., is headquartered in Alachua, Fla.

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% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 14.71% in the last month
• Relative Strength Index 79.93%
• Technical support level at 5.66
• Recently traded at 5.85 with a 50 day moving average of 4.88

Fundamental factors:

• Market Cap $331 million
• P/E 560
• Revenue expected to grow 3.10% this year and another 4.60% next year
• Earnings estimated to increase 100.00% this year, an additional 87.50% next year and continue to compound at an annual rate of 15.00% for the next 5  years
• Wall Street analysts issued 3 hold recommendations on the stock

RTI Biologics - RTIX - deleted

Today I deleted RTI Biologics (RTIX) from the Barchart Van Meerten new high portfolio for negative price momentum:

Barchart technical indicators:

• 80% Barchart short term technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 18.58% of its 1 year high
• Relative Strength Index  39.36%

RTI Biologics has great prospects

ARTICLE AND GRAPHS

While screening on Barchart for small cap stocks having great price momentum I came across RTI Biologiics (RTIX) an undiscovered stock that is beginning to be put on analysts' watch lists.  The bio-medical sector is starting to move and the product line of this stock is wanted and necessary.  Just look at the 11 new highs and 14.24% price appreciation this stock received even in a soft market.

Chart provided with permission of Barchart

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 14.24% in the last month
• Relative Strength Index 60.27% and rising
• Barchart computes a support level at 3.24
• Traded recently at 3.43 which is above its 50 day moving average of 3.05

Summary:  RTI Biologics (RTIX) is in that sweet spot I like for speculative growth stocks.  It has press and is being followed by major stock information sites like Value Line and Motley Fool and has drawn the attention of Wall Street analyst but as yet has not been added to any of their model portfolios.  I couldn't pass up these aggressive double digit earnings projects and have added it to both my own account and the accounts of my managed money portfolios.

I think the cultured bone and tissue industry will be a big medical growth area and this company has proven products.   Because of its low price and high P/E ration this stock should be acquired only for speculative portfolios but deserves a place on the watch lists of all growth oriented investors.

Jim Van Meerten is a Marketocracy Master

RTI Biologics buy signals

I have added RTI Biologics (RTIX) to the Barchart Van Meerten New High portfolio for Barchart buy signals and very favorable price momentum

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 22.18% in the last month
• Relative Strength Index is 71.84% and rising
• Trades about 3.46 with a 50 day moving average of 2.98
• Barchart calculates its support level at 3.40

Jim Van Meerten is a Marketocracy Master