Today I used Barchart to sort the NASDAQ 100 stocks to find the one with the most frequent new high in the last month and NASDAQ 100 (NASDAQ:ALTR) a semiconductor stock was at the top of the list:
Barchart technical indicators:
48% Barchart technical buy signals
Trend Spotter buy signal – up 4.95 since the 11/5 buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 5.16% in the last month
Relative Strength Index 56.01%
Barchart computes a technical support level at 36.59
Recently traded at 37.08 with a 50 day moving average of 34.93
Fundamental factors:
Market Cap $11.29 billion
P/E 25.63
Dividend yield 1.91%
Revenue expected to grow 11.60% this year and another 6.80% next year
Earnings estimated to increase 11.00% this year, an additional 18.50% next year and continue to compounds at an annual rate of 9.96% for the next 5 years
Wall Street analysts issued 7 strong buy, 8 buy, 9 hold, 1 under perform and 1 sell on the stock
Most of the technical trading strategies have not work well on this stock so I'd advice a moving stop loss 10% below its most recent high.
