The Chart of the Day belongs to M/A-Com Technology Solutions (MTSI). I found the stock by sorting the All Time High list for the stocks with the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 11/11 the stock gained 30.03%.
M/A-COM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the RF, microwave and millimeterwave spectrum. The Company's primary markets are Networks which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications, A&D and Multi-market, which includes automotive, industrial, medical, mobile and scientific applications. It's product lines include active splitter, amplifier, attenuator, automotive module, capacitor, component, coupler, diode, down converter IC, filter, frequency multiplier, hybrid voltage controlled oscillator, integrated receiver IC, modulator/demodulator, optical modulator driver, phase shifter, power combiner, power detector, power divider, power hybrid pallet, power hybrid transistor, switch, synthesizer, transceiver, transformer, upconverter IC and voltage controlled oscillator.
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.
Barcart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 34.25% in the last month
- Relative Strength Index 77.85%
- Barchart computes a technical support level at 28.79
- Recently traded at 30.09 with a 50 day moving average of 23.62
Fundamental factors:
- Market Cap $1.43 billion
- P/E 26.39
- Revenue expected to grow 16.40% this year and another 16.80% next year
- Earnings estimated to increase 27.20% this year, an additional 27.00% next year and continue to increase at an annual rate of 20.00% for the next 5 years
- Wall Street analysts issued 3 strong buy and 4 buy recommendations on the stock.
The most effective technical trading strategy for this stock has been the 20 day moving average vs the price but that would have required over 80 trades in the last 3 years. I think you should use a stop loss at 10% below the most recent high as your exit point.
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