The Barchart Chart of the Day belongs to Turtle Beach (HEAR). I found audio technology stock by using Barchart to sort today's Top 100 Stocks list first by the most frequent number of new highs in the last month then I used the Flipchart feature to review the charts for consistent price appreciation over the past 6 months. Since the Trend Spotter signaled a buy in 3/5 the stock gained 1,161.61%.

Turtle Beach Corporation is an audio technology company. It designs audio products for consumer, commercial and healthcare markets. The company markets premium headsets for use with personal computers, mobile devices and video game consoles under the brand Turtle Beach (TurtleBeach.com). Under the brand HyperSound (HyperSound.com), the company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. Turtle Beach Corporation, formerly known as Parametric Sound Corporation, is based in Valhalla, New York.

HEAR

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 316.01+ Weighted Alpha
  • 773.46% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 31.14% in the last year
  • Relative Strength Index 78.36%
  • Technical support level at 26.32
  • Recently traded at 28.70 with a 50 day moving average of 20.55

Fundamental factors:

  • Market Cap $370 million
  • P/E 36.25
  • Revenue expected to grow 38.30% this year and another 16.00% next year
  • Earnings estimated to increase 460.70% this year, an additional 41.60% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts have 3 strong buy recommendations in place on this stock