The Chart of the Day is Meridian Bioscoence (VIVO).  I found the stock by sorting today's New High List on Barchart for frequency in the last month, skipped those stocks that didn't have positive gains for the last week and month and used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/13 the stock is up 7.85%.

It is a fully integrated life sciences company that manufactures, markets and distributes a broad range of innovative diagnostic test kits, purified reagents and related products and offers biopharmaceutical enabling technologies. Utilizing a variety of methods, these products provide accuracy, simplicity and speed in the early diagnosis and treatment of common medical conditions, such as gastrointestinal, viral, urinary and respiratory infections.

^{Click to Enlarge Chart}

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 web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 10.15% in the last month
• Relative Strength Index 67.06%
• Barchart computes a technical support level at 26.34
• Recently traded at 26.80 with a 50 day moving average of 25.02

Fundamental factors:

• Market Cap $1.11 billion
• P/E 29.04
• Dividend yield 2.91%
• Revenue projected to grow 8.30% this year, and another 8.00% next year
• Earnings estimated to increase 9.90% this year, an additional 10.00% next year and continue to increase at an annual rate of 13.33% for the next 5 years
• Financial Strength is B++

This stock has been volatile over the past year so watch the 50 day moving average for a point to take profits.