The Barchart Chart of the Day belongs to the pharmaceutical company BioSpecifics Technologies (BSTC). I found the stock by using Barchart to sort today's New 52 Week High list by the highest Weighted Alpha then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/15 the stock gained 6.59%.
BioSpecifics Technologies is engaged in the business of producing and licensing, for sale by other, a U.S. Food and Drug Administration (“FDA“) approved enzyme derived from collagenase, named Collagenase ABC, and researching, developing and clinically testing additional products derived therefrom for potential use as pharmaceuticals.
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
- 61.45+ Weighted Alpha
- 40.76% technical support level
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 11.24% in the last month
- Relative Strength Index 71.47%
- Technical support level at 63.13
- Recently traded at 65.04 with a 50 day moving average of 56.87
Fundamental factors:
- Market Cap $470 million
- P/E 31.09
- Revenue expected to grow 5.90% this yea and another 7.10% next year
- Earnings estimated to increase 47.10% this year, an additional 4.40% next year and continue to compound at an annual rate of 22.00% for the next 5 years
- The lone Wall Street analysts issued a strong buy recommendation on the stock
