The Barchart Chart of the Day belongs to the biopharmaceutical stock Endocyte (ECYT) I found the stock by using Barchart to sort today's Top Stocks to Own list 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 8/15 the stock gained 20.29%.
Endocyte, Inc. is a biopharmaceutical company engaged in the development of therapies for the treatment of cancer and inflammatory diseases. The Company creates novel small molecule drug conjugates (SMDCs) and companion imaging diagnostics for personalized targeted therapies. Endocyte, Inc. is based in West Lafayette, Indiana.
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
- 1306.38+ Weighted Alpha
- 251.00% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 30.46% in the last month
- Relative Strength Index 76.54%
- Technical support level at 18.54
- Recently traded at 19.83 with a 50 day moving average of 16.08
Fundamental factors:
- Market Cap $ 1.35 billion
- Revenue and earnings projections are not consistent
- Wall Street analysts issued 4 strong buy recommendation on the stock
- The individual investors following the stock on Motley Fool voted 96 to 25 that the stock will beat the market
