Chart of the Day: AppLovin Helps Monetize Apps

The Chart of the Day belongs to the  software application company AppLovin (APP) .  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 6/26 the stock gained 62.51%.

AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction; and Wurl, a connected TV platform, which primarily distributes streaming video for content companies. Its business clients include various advertisers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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 website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 123.70+ Weighted Alpha
• 48.90% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 39.64% in the last month
• Relative Strength Index 70.60%
• Technical support level at $39.65
• Recently traded at $39.31 with 50 day moving average of $29.99

Fundamental Factors:

• Market Cap 13.97 billion
• P/E 146.22
• Revenue expected to grow by 9.50% this year and another 12.70% next year
• Earnings estimated to increase 244.20% this year, an additional 73.30% next year and continue to compound at an annual rate of 100.30% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 7 strong buy, 6 buy, 9 hold and 1 under perform opinions on the stock
• Analysts have a price target of $20 to $57 with a consensus of $41.20
• The individual investors following the stock on Motley Fool voted 20 to 3 for the stock to beat the market with the more experienced investors voting 4 to 0 for the same result
• Value Line gives the stock its average rating of 3
• CFRA's MarketScope rates it a strong buy
• 5.670 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in  the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.