The Barchart Chart of the Day belongs to the pharmaceutical stock Mallinckrodt (MNK). I found the stock by using Barchart to sort today's Top Stocks to Own list first by The most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 5/11 the stock gained 129.28%.
Mallinckrodt Plc. is engaged in pharmaceuticals business. It develops, manufactures, markets and distributes specialty pharmaceutical products and medical imaging agents. The company's Specialty Pharmaceuticals segment includes branded and generic drugs and Medical Imaging segment includes contrast media and nuclear imaging agents. Mallinckrodt Plc. is based in Dublin, Ireland.
Barchart's Opinion Trading systems are listed below. Pleasenote 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
- Weighted Alpha 30.20+
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 59.64% in the last month
- Relative Strength Index 92.93%
- Technical support level at 31.83
- Recently traded at 34.14 with a 50 day moving average of 22.47
Fundamental factors:
- Market Cap $2.70 billion
- P/E 4.56
- Revenue expected to grow 30.20% this year
- Earnings estimated to increase 15.00% this year, an additional 11.10% next year and continue to compound at an annual rate of 7.28% for the next 5 years
- Wall Street analysts issued 3 strong buy, 4 buy and 9 hold recommendations
