The Barchart Chart of the Day belongs to the pharmaceutical stock Mallinckrodt (MNK).

Mallinckrodt Plc. is engaged in pharmaceuticals business. It develops, manufactures, markets and distributes specialty pharmaceutical products and medical imaging agents. The company's Specialty Pharmaceuticals segment includes branded and generic drugs and Medical Imaging segment includes contrast media and nuclear imaging agents. Mallinckrodt Plc. is based in Dublin, Ireland.

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Barchart technical indicators:

• 96% technical buy signals
• Weighted Alpha 30.20+
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 59.64% in the last month
• Relative Strength Index 92.93%
• Technical support level at 31.83
• Recently traded at 34.14 with a 50 day moving average of 22.47

Fundamental factors:

• Market Cap $2.70 billion
• P/E 4.56
• Revenue expected to grow 30.20% this year
• Earnings estimated to increase 15.00% this year, an additional 11.10% next year and continue to compound at an annual rate of 7.28% for the next 5 years
• Wall Street analysts issued 3 strong buy, 4 buy and 9 hold recommendations