The Barchart Chart of the Day belongs to BioLife Solutions (BLFS) a stock I featured twice before in the last year. It was first featured on 8/3/17 when it was trading at $3.88 — right now its at $21.78. I found the medical products stock by using Barchart to sort today's Top Stocks to Own 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 6/22 the stock gained 72.01%.
BioLife Solutions has pioneered the next generation of preservation solutions designed to maintain the viability and health of cellular matter and tissues during freezing, transportation and storage. Based on their proprietary bio-packaging technology and a patented understanding of the mechanism of cellular damage and death, these products enable the biotechnology and medical community to address a growing problem that exists today.
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:
- 96% technical buy signals
- 351.89+ Weighted Alpha
- 598.87% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 8 new highs and up 67.32% in the last month
- Relative Strength Index 81.83%
- Technical support level at 20.33
- Recently traded at 21.78 with a 50 day moving average of 12.80
Fundamental factors:
- Market Cap $299 million
- Revenue expected to grow 78.30% this year and another 35.90% next year
- Earnings estimated to increase 152.40% this year and an additional 127.30% next year
- Wall Street analysts have 1 strong buy, 1 buy and 1 hold recommednation in place on the stock
