Barchart.com's Chart of the Day - Staar Surgical
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 STAA - Staar Surgical Co
SymLastChgPct
STAA41.05-0.20-0.48%

The Barchart Chart of the Day belongs to Staar Surgical (STAA). I found the eye care products stock by using Barchart to sort today's Top Stocks to Ownlist first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 8/3 the stock gained 4.75%.

Staar Surgical Company has evolved to become a developer, manufacturer and global distributor of products used by ophthalmologists and other eye care professionals to improve or correct vision in patients suffering from refractive conditions, cataracts and glaucoma.

STAA

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signal
  • 232.50+ Weighted Alpha
  • 280.36% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • Relative Strength Index 71.69%
  • Technical support level at 36.74
  • Recently traded at 39.55 with a 50 day moving average of 31.77

Fundamental factors:

  • Market Cap $1.59 billion
  • P/E 227.94
  • Revenue expected to grow 29.50% this year and another 16.70% next year
  • Earnings estimated to increase 160.00% this year, an additional 733.30% next year and continue to compound at an annual rate of 25.00% for the next 5 years
  • Wall Street analysts have 2 strong buy, 1 buy and 2 hold recommendations in place on the stock

Special Note: Beginning today I have added the 200 DMA to the chart because many of you have used that as your Tolerance For Pain ( Stop loss)