Summary

• 100% technical buy signals.
• 14 new highs and up 16.33% in the last month.
• 117.57% gain in the last year.

The Barchart Chart of the Day belongs to the IT solutions company Sapiens International (SPNS). I found the stock by sorting Barchart's Top 100 Stocks list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 12/31 the stock gained 12.94%

Sapiens International is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets.

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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
• 121.20+ Weighted Alpha
• 117.57% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 16.33% in the last month
• Relative Strength Index 77.42%
• Technical support level at 25.79
• Recently traded at 26.06 with a 50 day moving average of 22.43

Fundamental factors:

• Market Cap $1.32 billion
• P/E 36.82
• Revenue expected tog row 11.60% this year and another 11.40% next year
• Earnings estimated to increase 37.50% this year, an additional 13.00% next year and continue to compound at an annual rate of 19.80% for the next 5 years
• Wall Street analysts issued 1 strong buy, 3 buy and 1 underperform recommendation on the stock
• The individual investors following the stock on Motley Fool voted 11 to 2 that the stock will beat the market
• 1.059 investors are monitoring the stock on Seeking Alpha