The Barchart Chart of the Day belongs to the medical instrument stock Tandem Diabetes Care (TNDM). I found the stock by using Barchart to sort today's Top Stocks to Own list first 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 7/31 the stock gained 37.30%.
Tandem Diabetes Care, Inc. is a medical device company. The Company designs, develops, and commercializes products for people with insulin-dependent diabetes. Its products include t:slim Insulin Delivery System. Tandem Diabetes Care, Inc. is headquartered in San Diego, California.
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
- Weighted Alpha 907.35
- 440.57% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 40.72% in the last month
- Relative Strength Index 77.06%
- Technical support level at 35.34
- Recently traded at 37.51 with a 50 day moving average of 26.60
Fundamental factors:
- Market Cap $1.92 billion
- Revenue expected to grow 42.00% this year and another 29.80% next year
- Earnings estimated to increase 78.40% this year, an additional 70.00% next year and continue to compound at an annual rate of 53.20% for the next 5 years
- Wall Street analysts issued 5 strong buy and 1 hold recommendation on the stock
