Zoom Is Zooming

Summary

• 88% technical buy signals.
• 10 new highs and up 43.46% in the last month.
• 101.29% gain in the last year.

The Barchart Chart of the Day belongs to the video and web conferencing company Zoom Video Communications (ZM). I found the stock by sorting Barchart's Top 100 Stocks 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 1/30 the stock gained 66.27%,

Zoom Video Communications Inc. is a provider of video and web conferencing services. The Company unifies cloud video conferencing, online meetings, group messaging and a software-defined video conference room solution into one platform. Its solution offers video, audio and screen-sharing experience across Windows, Mac, Linux, Android, BlackBerry, Zoom Rooms and H.323/Session Initiation Protocol room systems, such as Polycom and Cisco Tandberg. Zoom Video Communications Inc. is based in San Jose CA.

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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:

• 88% technical buy signals
• 120.01+ Weighted Alpha
• 101.29% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 43.46% in the last month
• Relative Strength Index 77.58%
• Technical support level at 113.28
• Recently traded at 124.60 with a 50 day moving average of 84.82

Fundamental factors:

• Market Cap $32.28 billion
• Revenue expected to grow 39.50% this year and another 32.30% next year
• Earnings estimated to increase 43.30% next year and continue to compound at an annual rate of 162.10% for the next 5 years
• 17 Wall Street analysts are following the stock and made 7 strong buy, 9 hold and 1 sell recommendation
• The individual investors following the stock on Motley Fool voted 288 to 28 that the stock will beat the market
• 26,609 investors are monitoring the stock on Seeking Alpha