The Chart of the Day belongs to New Relic (NEWR). I found the software analytics stock by using Barchart o sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 12/1 the stock gained 1.51%.
New Relic, Inc. is a software analytics company. The Company offers solution which includes application development, production monitoring, real-time analytics, mobile application management and digital transformation. Its products include new relic APM, new relic mobile, new relic insights, new relic services, new relic browser and new relic platform. New Relic, Inc. is based in San Francisco, 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:
- 97.08+ Weighted Alpha
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 10.64% in the last month
- Relative Strength Index 60.73%
- Technical support level at 58.86
- Recently traded at 57.47 with a 50 day moving average of 53.61
Fundamental factors:
- Market Cap $3.30 billion
- Revenue expected to grow 32.40% this year and another 26.30% next year
- Earnings estimated to increase 55.10% this year, an additional 200.00% next year and continue to compound at an annual rate of 25.00% for the next 5 years
- Wall Street analysts issued 4 strong buy, 6 buy and 4 hold recommendations on the stock
|
|