Topic: Stock Price Movements — Technical Analysis
Jun. 16 2015, 10:01 PM ET
- by VF member vanmeerten (903 )
Aceto - All Time High --
The Chart of the Day belongs to Aceto Corp (ACET). I found the stock by using Barchart to sort today's All Time High list for the stocks with the highest technical buy signals , then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/8 the stock gained 17.92%.
Aceto Corp. is engaged in the distribution and marketing of fine and industrial chemicals used principally in the agricultural, color producing,pharmaceutical and surface coating industries.
The status of 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 web site when you read this report
Barchart technical indicators:
100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 16.46% in the last month
Relative Strength Index 70.10%
Barchart computes a technical support level at 24.36
Recently traded at 25.33 with a 50 day moving average of 22.01
Market Cap $737.36 million
Dividend yield .98%
Revenue expected to grow 8.70% this year and another 8.20% next year
Earnings estimated to increase .90% this year, an additional 13.40% next year and continue to increase at an annual rate of 24.00% over the next 5 years
The Wall Street analysts following the stock issued a strong buy recommendation on the stock
The most reliable technical trading strategy for this stock has been the 50-100 Day MACD Oscillator and I'd advise you to continue to use it to find entry and exit points.