The Barchart Chart of the Day belongs to the holistic Chinese drugstore chain China Jojo Drugstores (CJJD). I found the stock by using Barchart to screen for stock with a Weighted Alpha over 50+ and a technical buy signal of 80% or better. Today only 88 of the 4900 stocks screened made the cut. I then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 8/31 the stock gained 63.62%.
China Jo-Jo Drugstores, Inc., through its contractually controlled affiliates, operates a retail pharmacy chain in China offering both western and traditional Chinese medicine. Its contractually controlled affiliates include Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd., Hangzhou Jiuzhou Clinic of Integrated Traditional and Western Medicine General Partnership, and Hangzhou Jiuzhou Medical & Public Health Service Co., Ltd. The chain has stores throughout Hangzhou, the provincial capital of Zhejiang Province.
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 signal
- 61.90+ Weighted Alpha
- 49.66% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 40.13% in the last month
- Relative Strength Index 75.62%
- Technical support level at 1.96
- Recently traded at 2.20 with a 50 day moving average of 1.61
Fundamental factors:
- Market Cap $58 million
- Only one Wall Street analysts follows the stock and predicts earnings will compound at an annual rate of 30.00% for the next 5 years
- The individual investors following the stock on Motley Fool voted 21 ti 5 that the stock will beat the market
