Summary

• 100% technical buy signals.
• 14 new highs and up 37.50% in the last month.
• 100.20+ Weighted Alpha.

The Barchart Chart of the Day belongs to the communications equipment company Infinera (Nasdaq: INFN).   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 11/5 the stock gained 51.53%. 

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series of modular and sled-based platforms to support a variety of transport network applications; 7300 series, an SDN-ready coherent optical transport system; FlexILS open line system platform that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and 7090 and 7100 series packet transport platforms. It also offers Infinera XTM series packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; mTera series universal transport platform; and XT series for long-haul and subsea applications. In addition, the company Infinera Cloud Xpress Family designed to meet the varying needs of ICPs, communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; DRX series of routers; and 8600 series of SDN-ready Internet Protocol/MPLS routers. Further, it provides transcend software suite; Infinera CNOS, a hardware-independent network operating system; and a range of support services for all hardware and software products. The company also serves telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was founded in 2000 and is headquartered in Sunnyvale, California.

Barchart technical indicators:

• 100% technical buy signals
• 100.20+ Weighted Alpha
• 43.16% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 37.50% in the last month
• Relative Strength Index 72.95%
• Technical support level at 10.67
• Recently traded at 10.88 with a 50 day moving average of 7.73

Fundamental factors:

• Market Cap $2.20 billion
• Revenue expected to grow 3.50% this year and another 8.00% next year
• Earnings estimated to increase 48.30% this year, an additional 138.70% next year and continue to compound at an annual rate of 5.00% for the next 5 years
• Wall Street analysts issued 2 strong buy, 6 buy and 8 hold recommendations on the stock
• The individual investors following the stock on Motley Fool voted 1,687 to 42 that the stock will beat the market
• 12,430 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.