The Barchart Chart of the Day belongs to optical instruments maker Camtek(CAMT). I found the stock by using Barchart to sort today's Top 100 Stocks list first by the highest technical buy signals then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/24 the stock gained 33.58%.
Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.
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
- 156.02+ Weighted Alpha
- 150.70% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 33.09% in the last month
- Relative Strength Index 88.42%
- Technical support level at 10.38
- Recently traded at 10.78 with a 50 day moving average of 8.29
Fundamental factors:
- Market Cap $373 million
- P/E 25.65
- Dividend yield 2.73%
- Revenue expected to grow 29.30% this year and another 10.80% next year
- Earnings estimated to increase 92.60% this year, an additional 19.20% next year and continue to compound at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 1 buy recommendation on the stock
