Bruker Measures Up

Summary

  • 100% technical buy signals.
  • 17 new highs and up 13.49% in the last month.
  • 125.65% gain in the last year.

The Barchart Chart of the Day belongs to the analytical instruments company Bruker (Nasdaq: BRKR). I found the company by sorting Barchart's All-Time High list first by the highest number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 5/24 the stock gained 31.22%.  

Bruker Corporation develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally. The company operates through three segments: Bruker Scientific Instruments (BSI) Life Science, BSI NANO, and Bruker Energy & Supercon Technologies. It offers life science tools based on magnetic resonance technology; life science mass spectrometry and ion mobility spectrometry solutions; analytical and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technologies; and radiological/nuclear detectors for chemical, biological, radiological, nuclear, and explosive detection. The company also provides X-ray instruments, atomic force microscopy instrumentation, fluorescence optical microscopy instruments, analytical tools for electron microscopes and X-ray metrology, defect-detection equipment for semiconductor process control, and spark optical emission spectroscopy systems, as well as handheld, portable, and mobile X-ray fluorescence spectrometry instruments. In addition, it offers superconducting and non-superconducting materials and devices. The company serves academic and government research customers; pharmaceutical and biotechnology, diagnostics, chemical, food and beverage, clinical, nanotechnology, semiconductor, and other industrial companies; nonprofit laboratories; academic institutions and medical schools; contract research organizations; nonprofit and for-profit forensics, and environmental and clinical microbiology laboratories; agriculture, food, and beverage safety laboratories; hospitals and government departments; agencies; raw material manufacturers; and other businesses involved in materials analysis through direct sales forces, distributors, independent sales representatives, and other representatives. Bruker Corporation was incorporated in 1991 and is headquartered in Billerica, Massachusetts.

BRKR

Barchart technical indicators:

  • 100% technical buy signals
  • 126.10+ Weighted Alpha
  • 125.65% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 ad 100 day moving averages
  • 17 new highs and up 13.49% in the last month
  • Relative Strength Index 81.26%
  • Technical support level at 89.75
  • Recently traded at 91.55 with a 50 day moving average of 82.07

Fundamental factors:

  • Market Cap $13.72 billion
  • P/E 47.54
  • Dividend yield .18%
  • Revenue expected to grow 19.10% this year and another 6.20% next year
  • Earnings estimated to increase 43.00% this year, an additional 16.10% next year and continue to compound at an annual rate of 16.50% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 6 hold and 1 under perform recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 243 to 16 that the stock will beat the market with the more experienced investors voting 39 to 2 for the some result
  • The experts on TipRanks gave the stock a 10/10 rating
  • 3,555 investors are monitoring the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

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