The Barchart Chart of the Day belongs to health care company WellCare Health Plans (WCG). I found the stock by using Barchart to sort today's Top Stocks to Own list by the highest Weighted Alpha, then used the Flipchart feature to review the charts for consistent price appreciation. The Trend Spotter signaled a buy on 10/16.
WellCare Health Plans, Inc. focuses exclusively on providing government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, to families, children, seniors and individuals with complex medical needs.
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
- 81.56+ Weighted Alpha
- 80.15% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 3.58% in the last month
- Relative Strength Index 57.99*%
- Technical support level at 314.40
- Recently traded at 317.13 with a 50 day moving average of 304.92
Fundamental factors:
- Market Cap $14.16 billion
- P/E 30.23
- Revenue expected to grow 18.40% this year and an additional 25.90% next year
- Earnings estimated to increase 27.90% this year, an additional 21.80% next year and continue to compound at an annual rate of 20.27% for the next 5 years
- Wall Street analysts issued 12 strong buy and 3 hold recommendations on the stock
