ShockWave Medical - Best Of The Best

The Barchart Chart of the Day belongs to the medical device company ShockWave Medical (SWAV). I found the stock by using Barchart's powerful screening functions to screen for the stock with the highest Weighted Alpha and technical buy signals. I then took the list of 327 stocks and sorted by the most frequent number of new highs in the last month and used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/29 the stock gained 21.74%

ShockWave Medical, Inc., a medical device company, develops and commercializes intravascular lithotripsy technology to treat calcified plaque in patients with peripheral vascular, coronary vascular, and heart valve diseases. The company offers M5 catheters for treating above-the-knee peripheral artery disease; C2 catheters for treating coronary artery disease; and S4 catheters for treating below-the-knee peripheral artery disease. It serves interventional cardiologists, vascular surgeons, and interventional radiologists through sales representatives and sales managers, and distributors. The company operates in the United States, Germany, rest of Europe, and internationally. ShockWave Medical, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.

SWAV ShockWave Medical

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
  • 54.50+ Weighted Alpha
  • 47.34% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 33.71% in the last month
  • Relative Strength Index 85.43%
  • Technical support level at 55.37
  • Recently traded at 59.98 with a 50 day moving average of 48.14
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Disclosure: None.

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Comments

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Moon Kil Woong 4 months ago Contributor's comment

An interesting company. Do you know what technology is a competitor and how they stack up and are there other stocks involved in this niche?