The Chart of the Day belongs to Tabula Rasa Healthcare (TRHC). I found the medical information systems stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to find the charts with consistent price appreciation. Since the Trend Spotter signaled a buy on 10/31 the stock gained 10.18%
Tabula Rasa HealthCare, Inc. is a provider of patient-specific, data-driven technology and solutions which enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. The company’s cloud-based software applications including EireneRx and MedWise Advisor which provide solutions to payers, providers and other healthcare organizations. Tabula Rasa HealthCare, Inc. is based in NJ, 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:
- 220.19+ Weighted Alpha
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 17.46%
- Relative Strength Index 67.32%
- Technical support level at 29.36
- Recently traded at 31.82 with a 50 day moving average of 26.50
Fundamental factors:
- Market Cap $519
- Revenue expected to grown 37.20% this year and another 28.40% next year
- Earnings estimated to increase 84.20% this year, an additional 80.00% next year and continue to compound at an annual rate of 25.00% for the next 5 years
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