The Chart of the Day belongs to Global Telcom and Technology (GTT). I found the telecommunications stock by using Barchart to review the Top Stocks to Own list, using the Flipchart feature to find a stock with consistent price appreciation. Since the Trend Spotter signaled a buy on 9/1 the stock gained 48.58%.
Barchart technical indicators:
100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 18.16% in the last month
Relative Strength Index 84.42%
Technical support level at 42.23
Recently traded at 47.05 with a 50 day moving average of 37.46
Fundamental factors:
Market Cap $1.87 billion
P/E 466.11
Revenue expected to grow 56.40% this year and another 26.50% next year
Earnings estimated to increase 136.50% next yea and continue to compound at an annual rate of 25.00% for the next 5 years
Wall Street analysts issued 7 strong buy recommendations on the stock
