The Chart of the Day belongs to Integer Holdings (INGR). I found the medical device 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 in 8/22 the stock gained 11.07%.
Integer Holdings Corporation is a medical device outsource manufacturer. The company serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical and power solutions markets. It also develops batteries for high-end niche applications in energy, military, and environmental markets. The company’s brands include Greatbatch Medical, Lake Region Medical and Electrochem. Integer Holdings Corporation, formerly known as Greatbatch Inc., is based in Frisco, 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:
- 138.44+ Weighted Alpha
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 9 new highs and up 15.79% in the last month
- Relative Strength Index 79.24%
- Technical support level at 51.60
- Recently traded at 52.80 with a 50 day moving average of 46.47
- Market Cap $1.62 billion
- P/E 18.75
- Revenue expected to grow 2.80% this year and another 260% next year
- Earnings estimated to increase 6.20% this year, an additional 21.10% next year and continue to compound an an annual rate of 10.00% for the next 5 years
- Wall Street analysts issued 2 string buy and 1 hold recommendation on the stock
#ITGR
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