Horizon Technology - Chart Of The Day

Summary

• 100% technical buy signals.
• 12 new highs and up 15.83% in the last month.
• 73.93% gain in the last year plus a 7.35% dividend.

The Barchart Chart of the Day belongs to the business development company Horizon Technology (Nasdaq: HRZN).  I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 4/5 the stock gained 10.78%.  

Horizon Technology Finance Corporation is a business development company specializing in lending and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital-backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.

Barchart technical indicators:

• 100% technical buy signals
• 81.01+ Weighted Alpha
• 73.93% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 15.83% in the last month
• Relative strength Index 81.87%
• Technical support level at 16.19
• Recently traded at 16.57 with a 50 day moving average of 14.45

Fundamental factors:

• Market Cap $316 million
• P/E 13.49
• Dividend yield 7.35%
• Revenue expected to grow 9.10% this year and another 10.90% next year
• Earnings estimated to increase 3.40% this year, an additional 4.90% next year and continue to compound at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 1 strong buy, 5 hold and 1 sell recommendation on the stock
• 8,730 investors are monitoring the stock on Seeking Alpha