The Chart of the Day belongs to Vericel (VCEL). I found the biomedical stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/11 the stock gained 60.00%.
Vericel Corporation is focused on developing patient-specific expanded cellular therapies for use in the treatment of patients with severe diseases and conditions. The company markets two autologous cell therapy products in the United States: Carticel (R) for the treatment of cartilage defects in the knee, and Epicel (R) for the treatment of severe burns. It is also developing MACI (TM) for the treatment of cartilage defects in the knee, and ixmyelocel-T for the treatment of advanced heart failure due to ischemic dilated cardiomyopathy. Vericel Corporation, formerly Aastrom Biosciences, Inc., is based in United States.
The status of 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 web site when you read this report.
Barchart technical indicators:
- 130.00+ Weighted Alpha
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 53.42% in the last month
- Relative Strength Index 83.76%
- Technical support level at 5.40
- Recently traded at 5.60 with a 50 day moving average of 3.92
- Market Cap $161 million
- Revenue expected to grow 8.40% this year and another 18.10% next year
- Earnings estimated to increase 40.60% this year and an additional 41.30% next year
- Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock
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