Ballard Power Systems - Chart Of The Day

Summary:

• 100% technical buy signals.
• 16 new highs and up 47.95% in the last month.
• 184.23% gain in the last year.

The Barchart Chart of the Day belongs to the electrical component company Ballard Power Systems (BLDP). I found the stock by sorting Barchart's Top Stocks to Own list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 12/23 the stock gained 30.32%.

Ballard Power Systems focuses on developing and bringing to market PEM fuel cell systems for transportation, stationary, and portable applications. Ballard now offers key subsystems and components that are based on technology developed in support of Ballard fuel cell products. Their focus is on further enhancing product performance, reducing costs, designing market-viable products, developing additional volume-manufacturing capabilities, and continuing to build customer and supplier relationships.

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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 signals
• 222.96+ Weighted Alpha
• 184.23% gain in the last year
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 47.95% in the last month
• Relative Strength Index 77.22%
• Technical support level at 8.43
• Recently traded at 9.18 with a 50 day moving average of 6.74

Fundamental factors:

• Market Cap $2 billion
• Revenue expected to grow 36.30% next year
• Earnings estimated to decrease by 6.70% this year but increase again by 25.60% next year
• Wall Street analysts issued 3 buy and 2 hold recommendations on the stock
• The individual investors following the stock on Motley Fool voted 292 to 126 that the stock will beat the market
• 23,390 investors are monitoring the stock on Seeking Alpha