The Barchart Chart of the Day belongs to Staar Surgical (STAA).
Staar Surgical Company has evolved to become a developer, manufacturer and global distributor of products used by ophthalmologists and other eye care professionals to improve or correct vision in patients suffering from refractive conditions, cataracts and glaucoma.
Barchart technical indicators:
100% technical buy signal
232.50+ Weighted Alpha
280.36% gain in the last year
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
Relative Strength Index 71.69%
Technical support level at 36.74
Recently traded at 39.55 with a 50 day moving average of 31.77
Fundamental factors:
Market Cap $1.59 billion
P/E 227.94
Revenue expected to grow 29.50% this year and another 16.70% next year
Earnings estimated to increase 160.00% this year, an additional 733.30% next year and continue to compound at an annual rate of 25.00% for the next 5 years
Wall Street analysts have 2 strong buy, 1 buy and 2 hold recommendations in place on the stock
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