The Chart of the Day belongs to Global Telcom and Technology (GTT). I found the telecommunications stock by using Barchart to review the  Top Stocks to Own list, using the Flipchart feature to find a stock with consistent price appreciation. Since the Trend Spotter signaled a buy on 9/1 the stock gained 48.58%.

GTT Communications, Inc. offers cloud networking; high bandwidth IP transit for content delivery and hosting as well as network-to-network carrier interconnects solutions and data connectivity solutions. The company’s network consists of a layer 2 switched Ethernet and IP transit or dedicated internet access. It operates primarily in North America, Europe and Asia. GTT Communications, Inc., formerly known as Global Telecom & Technology, Inc., is headquartered in McLean, Virginia.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 18.16% in the last month
  • Relative Strength Index 84.42%
  • Technical support level at 42.23
  • Recently traded at 47.05 with a 50 day moving average of 37.46

    • Fundamental factors:

  • Market Cap $1.87 billion
  • P/E 466.11
  • Revenue expected to grow 56.40% this year and another 26.50% next year
  • Earnings estimated to increase 136.50% next yea and continue to compound at an annual rate of 25.00% for the next 5 years
  • Wall Street analysts issued 7 strong buy recommendations on the stock
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