Barchart.com's Chart of the Day - Endologix
Related Stocks
 ELGX - Endologix Inc
SymLastChgPct
ELGX6.34-0.25-3.79%

TheBarchart Chart of the Daybelongs toEndologix(ELGX). I found the medical products stock by using Barchart to sort today'sTop Stocks to Ownlist first by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appeciation. Since the Trend Spotter signaled a buy on 4/5 yhe stock gained 46.67%.

Endologix, Inc. develops, manufactures and markets products for the treatment of coronary and vascular diseases. A leader in the emerging field of vascular brachytherapy, Endologix, has developed a unique method for the delivery of radiation to prevent restenosis following the interventional treatment of atherosclerosis.

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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 theBarchart.comwebsite when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 44.80+ Weighted Alpha
  • 27.35% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 35.74% in the last month
  • Relative Strength Index 80.68%
  • Technical support level at 6.21
  • Recently traded at 6.38 with a 50 day moving average of 4.83

Fundamental factors:

  • Market Cap $ 516 million
  • Revenue expected to be down 3.10% this year but u again by 5.30% next year
  • Earnings estimated to decrease 31.90% this year but increase again by 9.70% next year and compound at an annual rate of 36.95% for the next 5 years
  • Wall Street analysts issued 1 strong buy and 9 hold recommendations on the stock