OraSure Technologies - New Highs

Summary

  • 100% technical buy signals.
  • 15 new highs and up 129.76% in the last month.
  • 62.53% gain in the last year.

The Barchart Chart of the Day belongs to the medical products company OraSure Technologies (OSUR). I found the stock by using Barchart's powerful screening tool yo find stocks with the highest technical buy signals and Weighted Alpha, then sorted the list by the most frequent number of new highs in the last month. Next, I used the Flipchart feature to review the charts for consistent price appreciation in the last month. Since the Trend Spotter signaled a buy on 3/19 the stock gained 114.29%.

OraSure Technologies, Inc. develops, manufactures and markets oral fluid specimen collection devices using proprietary oral fluid technologies, diagnostic products including immunoassays and other in vitro diagnostic tests, and other medical devices. These products are sold in the United States as well as internationally to various clinical laboratories, hospitals, clinics, community-based organizations and other public health organizations, distributors, government agencies, physicians' offices, and commercial and industrial entities. OraSure Technologies is the leading supplier of oral-fluid collection devices and in vitro diagnostic assays to the employment, criminal justice, drug treatment, life insurance, and public health markets for the detection of abused drugs and the antibodies to HIV. Based in Bethlehem, Pennsylvania, the Company develops, manufactures and markets oral specimen collection devices, in vitro diagnostic tests, and other medical devices.

(Click on image to enlarge)

OSUR OraSure Technologies

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 88.70+ Weighted Alpha
  • 62.53% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 129.76% in the last month
  • Relative Strength Index 82.02%
  • Technical support level at 13.93
  • Recently traded at 15.58 with a 50 day moving average of 8.48

Fundamental factors: ( use caution, some analysts have no clue0

  • Market Cap $ 923 million
  • P/E 103.38
  • Revenue expected to grow 8.50% next year
  • Earnings estimated to increase 87.50% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts have 2 strong buy, 2 buy and 1 hold recommendation in place
  • The individual investors following the stock on Motley Fool voted 195 to 24 that the stock will beat the market
  • 4,064 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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Harry Goldstein 4 years ago Member's comment

$OSUR should do well...