The Chart of the Day belongs to Viking Therapeutics (VKTX). I found the biopharmaceutical stock by using Barchart to sort today’s 52 Week High Listfirst for the highest Weighted Alpha, then I used the Flipchart feature to review the charts of consistent price appreciation. Since the Trend Spotter signaled a buy on 11/10 the stock gained 46.35%.
Viking Therapeutics, Inc. is a biopharmaceutical company. The company is engaged in development of novel therapies for metabolic and endocrine disorders. Its product candidate consists of VK5211, VK0214, VK0612 and VK2809 which are in different clinical trial. Viking Therapeutics, Inc. is based in LA JOLLA, 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:
- 206.52+ Weighted Alpha
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 83.26% in the last month
- Relative Strength Index 72.40%
- Technical support level at 3.11
- Recently traded at 3.97 with a 50 day moving average of 2.57
Fundamental factors:
- Market Cap $107 million
- Earnings estimated to increase 5.60% this year, an additional 12.90% next year and continue to compound at an annual rate of 40.00% for the next 5 years
- Wall Street analysts issued 3 strong buy recommendations on the stock
- The individual investors on Motley Fool voted 10 to 2 that the stock would out perform the market
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