The Chart of the Day belongs to the aerospace & defense company Rocket Labs (RKLB) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/15 the stock gained 303.00%%.
RKLB Price vs Daily Moving Averages:
Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron, a reusable orbital-class small rocket; and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle; conducts remote launch activities; and designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors, and government customers. Rocket Lab USA, Inc. was founded in 2006 and is headquartered in Long Beach, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 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 website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 454.70+ Weighted Alpha
- 464.79% gain in the last year
- Trend Seeker buy signal
- 1.98 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 6.65% in the last month
- Relative Strength Index 56.42%
- Technical support level at $27.72
- Recently traded at $28.70 with 50 day moving average of $25.18
Fundamental Factors:
- Market Cap $14.49 billion
- Revenue expected to grow 77.57% this year and another 39.00% next year
- Earnings estimated to increase 23.15% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 7 strong buy, 1 buy, and 5 hold opinions on the stock
- Their price targets between $13.50 and $35
- Value Line rates the stock above average
- CFRAs MarketScope rates the stock a hold with a price target of $32.00
- MorningStar thinks the stock is 11% over valued
- 28,660 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
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On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.