The Chart of the Day belongs to BeiGene (BGNE). I found the biomedical stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts of consistent price appreciation.  Since the Trend Spotter signaled a buy in 12/5 the stock gained 65.61%.

BeiGene, Ltd. is a biotechnology company which focused on immuno-oncological therapeutics. The company’s clinical-stage drug candidates include BGB-3111, BGB-283, BGB-290, and BGB-A317. BeiGene, Ltd. is based in Camana Bay, Cayman Islands.

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 are shown below, therefore, may not match what you see live on the website when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 16.83% in the last month
  • Relative Strength index 68.15%
  • Technical support level at 156.00
  • Recently traded at 159.90 with a 50 day moving average of 132.41%
  • Fundamental factors:

  • Market Cap $8.47 billion
  • Revenue expected to grow 29.50% next year
  • Earnings estimated to decrease 5.20% next year
  • In spite of these projections Wall Street analysts issued 2 strong buy, 4 buy and 1 hold recommendation on the stock
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