The Barchart Chart of the Day belongs to the power technology company Orion Energy Systems (OESX) I found the stock by sorting Barchart's 100 Top Stocks list first by the most frequent number of new highs in the last month, Then used the Flipchart feature to review the charts for consistent price appreciation. Barchart's Top 100 Stocks ranks stocks by highest Weighted Alpha (measure of how much a stock has changed in the one year period). Since the Trend Spotter signaled a buy on 5/20 the stock gained 28.71%.
Orion Energy Systems is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy efficient lighting systems, controls and related services, for commercial and industrial customers without compromising their quantity or quality of light.
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 signal
- 93.80+ Weighted Alpha
- 220.24% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 65.03% in the last month
- Relative Strength Index 70.13%
- Technical support level at 2.54
- Recently traded at 2.75 with a 50 day moving average of 1.73
Fundamental factors:
- Market Cap $80 million
- Revenue expected to grow 3.60% this year and another 38.20% next year
- Earnings estimated to increase 37.80% this year, an additional 108.70% next year and continue to compound at an annual rate of 25.00% for the next 5 years
- Wall Street analysts issued 3 strong buy recommendations on the stock
- The individual investors following the stock on Motley Fool voted 224 to 21 that the stock will beat the market
- 2,284 investors are monitoring the stock on Seeking Alpha
