The Barchart Chart of the Day belongs to Staar Surgical (STAA).

Staar Surgical Company has evolved to become a developer, manufacturer and global distributor of products used by ophthalmologists and other eye care professionals to improve or correct vision in patients suffering from refractive conditions, cataracts and glaucoma.

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Barchart technical indicators:

• 100% technical buy signal
• 232.50+ Weighted Alpha
• 280.36% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Relative Strength Index 71.69%
• Technical support level at 36.74
• Recently traded at 39.55 with a 50 day moving average of 31.77

Fundamental factors:

• Market Cap $1.59 billion
• P/E 227.94
• Revenue expected to grow 29.50% this year and another 16.70% next year
• Earnings estimated to increase 160.00% this year, an additional 733.30% next year and continue to compound at an annual rate of 25.00% for the next 5 years
• Wall Street analysts have 2 strong buy, 1 buy and 2 hold recommendations in place on the stock