Summary

• 100% technical buy signals.
• 17 new highs and up 70.33% in the last month.
• 648.79% gain in the last year.

The Barchart Chart of the Day belongs to the gas and oil exploration company TransGlobe Energy (Nasdaq: TGA).   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 on 8/27 the stock gained 67.40%.  

TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west-central Alberta, Canada. TransGlobe Energy Corporation was incorporated in 1968 and is headquartered in Calgary, Canada.

Barchart technical indicators:

• 100% technical buy signals
• 351.92+ Weighted Alpha
• 648.79% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 70.33% in the last month
• Relative Strength Index 85.16%
• Technical support level at 2.70
• Recently traded at 3.00 with a 50 day moving average of 1.89

Fundamental factors:

• Market Cap $211 million
• Revenue expected to grow 35.30% this year and another 22.70% next year
• The only Wall Street analyst following the stock rates it a hold
• The individual investors on Motley Fool have discovered the stock and voted 512 to 84 that the stock will beat the market with the more experienced investors voting 46 to 6 for the same result
• The experts on TipRanks gave the stock a 9 out of 10 rating
• 4,480 investors are monitoring the stock on Seeking Alpha