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%.
GTT Communications, Inc. offers cloud networking; high bandwidth IP transit for content delivery and hosting as well as network-to-network carrier interconnects solutions and data connectivity solutions. The company's network consists of a layer 2 switched Ethernet and IP transit or dedicated internet access. It operates primarily in North America, Europe and Asia. GTT Communications, Inc., formerly known as Global Telecom & Technology, Inc., is headquartered in McLean, Virginia.
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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
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