CollPlant Technologies - New All-Time High

The Biomedical company CollPlant Technologies (CLGN) hit a New All-Time High and is the Barchart Chart of the Day. I found the stock by sorting Barchart's New All-Time High list by the highest technical buy signals, then used the Flipchart function to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 11/15 the stock gained 132.78%.

CollPlant Biotechnologies Ltd. is a regenerative medicine company. It is focused on 3D bioprinting of tissues and organs, medical aesthetics and on developing and commercializing tissue repair products for orthobiologics and advanced wound care markets. CollPlant Biotechnologies Ltd., formerly known as CollPlant Holdings Ltd., is based in Rehovot, Israel.

CLGN CollPlant Technologies

 

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 are 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
  • 89.20+ Weighted Alpha
  • 124.30% gain in the last year
  • TrendSpotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 10.60% in the last month
  • Relative Strength Index 59.02%
  • Technical support level at 12.54
  • Recently traded at 11.48 with a 50 day moving average of 9.13

Fundamental factors:

  • Market Cap $60 million
  • Revenue expected to grow 87.90% this year and another 131.70% next year
  • Earnings estimated o increase 33.20% next year
  • 1 Wall Street analyst issued a strong buy recommendation
  • 266 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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