The Chart of the Day belongs to the optical components company LightPath Technologies (LPTH) . 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 11/25 the stock gained 155.76%.
LPTH Price vs Daily Moving Averages:
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. It offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics. The company's products are used in defense products, medical devices, laser aided industrial tools, automotive safety applications, barcode scanners, optical data storage, hybrid fiber coax datacom, telecommunications, machine vision and sensors, and other sectors. It sells its products directly to customers in Europe and Asia. LightPath Technologies, Inc. was founded in 1985 and is headquartered in Orlando, Florida.
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
- 290.79+ Weighted Alpha
- 242.18% gain in the last year
- Trend Seeker buy signal
- 1.04 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 129.99% in the last month
- Relative Strength Index 85.92%
- Technical support level at $3.92
- Recently traded at $4.22 with 50 day moving average of $2.11
Fundamental Factors:
- Market Cap $164 million
- Revenue expected to grow 10.37 this year and another 16.48% next year
- Earnings estimated to increase 28.57% this year and an additional 33.33% next year
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 analysts issued 1 strong buy and 3 buy opinions on the stock
- Their price targets are between $3 and $5
- Value Line rates the stock average
- CFRA's MarketScope has a sell recommendation
- MorningStar thinks the stock is 13% over valued
- 5,760 investors monitor the stock on Seeking Alpha
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.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
