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Alder BioPharmaceuticals - All Time High

Topic: Stock Price Movements — Technical Analysis
Jun. 30 2015, 9:09 PM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

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Alder BioPharmaceuticals - All Time High --

The Chart of the Day belongs to Alder Biopharmaceuticals (ALDR). I found the bio medical stock when I used Barchart to sort the 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 5/6 the stock gained 88.16%.

Alder Biopharmaceuticals Inc. is a clinical-stage biopharmaceutical company. It discovers, develops and seeks to commercialize therapeutic antibodies. It is developing monoclonal antibodies comprising ALD403, for the prevention of migraine; and Clazakizumab, in the treatment of rheumatoid arthritis and psoriatic arthritis. Alder Biopharmaceuticals Inc. is headquartered in Bothell, Washington.



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 22.44% in the last month
Relative Strength Index 68.80%
Barchart computes a technical support level at 42.61
Recently traded at 52.85 with a 50 day moving average of 38.77

Fundamental factors:

Market Cap $1.95 billion
Revenue expected to decrease 98.10% this year but increase again by 1,367.30% next year
Earnings estimated to decrease by 643.30% this year and decrease again by an additional 14.10% next year
Despite this poor projections Wall Street analysts issued 2 strong buy and 1 buy recommendation.

The most reliable technical trading strategy has been the 100 day moving average vs price and should continue to be used.


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Alder BioPharmaceuticals - All Time High