The Barchart Chart of the Day belongs to Finjan (FNJN). I found the Internet security stock by using Barchart to sort today's New 52 Week High list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 6/20 the stock gained 47.65%.
Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York.
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
- 30.86+ Weighted Alpha
- 41.44% Gained in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 64.11% in the last month
- Relative Strength Index 76.32%
- Technical support level at 4.57
- Recently traded at 4.71 with a 50 day moving average of 3.27
Fundamental factors:
- Market Cap $136 million
- P/E 6.19
- Revenue expected to grow 66.40% this year
- Earnings estimated to increase 91.40% this year
- Wall Street analysts issued 2 strong buy recommendations in place on this stock
