The Barchart Chart of the Day belongs to the biomedical company Axsome Therapeutics (AXSM). I found the stock by using Barchart to sort it's New All-Time High list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 3/11 the stock gained 82.71%.
Axsome Therapeutics, Inc. is a biopharmaceutical company. The company is focused on developing novel therapies for the management of pain and other central nervous system disorders. Its product candidate portfolio consists of AXS-02 and AXS-05 which are in clinical trial stage. Axsome Therapeutics, Inc. is based in New York.
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
- 195.12+ Weighted Alpha
- 479.35% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 8 new highs and up 26.21% in the last month
- Relative Strength Index 74.74%
- Technical support level at 17.22
- Recently traded at 17.96 with a 50 day moving average of 12.36
Fundamental factors:
- Market Cap $587 million
- Revenue expected to grow 63.40% next year
- Earnings estimated to increase 15.00% this year
- Wall Street analysts issued 4 strong buy recommendations on the stock
- The individual investors following the stock on Motley Fool voted 24 to 18 that the stock will beat the market
- 3,927 investors are following the stock on Seeking Alpha
