Teladoc - The Only Stock To Buy Today

Summary

  • 96% technical buy signal.
  • 8 new highs and up 14.59% in the last month.
  • 116.99% gain in the last year.

Today I used Barchart's powerful screening tools to find the stocks that still had the highest Weighted Alpha and technical buy signals and only got 6 stocks.I sorted that short list by the most frequent number of new highs, then used the Flipchart function to review the charts for consistent price appreciation and only found 1 stock I liked: A telehealth company called Teladoc Health (TDOC).

Teladoc, Inc. is a telehealth company. The company offers telehealth services via mobile devices, internet, video and phone to clients primarily in the United States. Its solution connects consumers with physicians and behavioral health professionals to treat upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation. Teladoc, Inc. is based in Dallas, Texas.

TDOC Teladoc Health

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:

  • 96% technical buy signals
  • 130.08+ Weighted Alpha
  • 116.99% gain in the last year
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 14.59% in the last month
  • Relative Strength Index 53.80%
  • Technical support level at 127.08
  • Recently traded at 123.05 with a 50 day moving average of 108.18

Fundamental factors:

  • Market Cap $10.04 billion
  • Revenue expected to grow 29.60% this year and another 25.00% next year
  • Earnings estimated to increase 19.60% this year, an additional 30.60% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • 18 Wall Street analysts are following the stock and issued 8 strong buy, 1 buy and 9 hold recommendations.

Disclosure: None.

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Comments

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Beating Buffett 4 years ago Member's comment

Impressive stock. What else do you have your eyes on these days?