Thursday, January 28, 2021

Chart of the Day - TechTarget


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Barchart.com's Chart of the Day - TechTarget
January 28, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the information technology company TechTarget (NASDAQ:TTGT).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 12/18 the stock gained 32.76% . 

TechTarget, Inc. provides specialized online content for buyers of enterprise information technology (IT) products and services in North America and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques. The company offers online services, including IT Deal Alert, including priority engine, qualified sales opportunities, deal data services; demand solutions, such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships; brand solutions comprise on-network, off-network, and microsites and related formats branding; and custom content creation. It also operates an integrated content platform that consists of a network of approximately 140 Websites that focus on a specific IT sector, such as storage, security, networking, or business applications. In addition, the company enables registered members to conduct their pre-purchase research by accessing vendor supplied content through a websites network. TechTarget, Inc. was founded in 1999 and is headquartered in Newton, Massachusetts.

TTGT

 

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 222.95% Weighted Alpha
  • 177.84% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 29.08% in the last month
  • Relative Satrength Index 81.30%
  • Technical support level at 72.00
  • Recently traded at 75.63 with a 50 day moving average of 59.66

Fundamental factors:

  • Market Cap $2.10 billion
  • P/E 124.27
  • Revenue expected to grow 8.40% this year and another 27.70% next year
  • Earnings estimated to increase 98.30% this year, an additional 23.50% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 3 buy and 1 hold recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 47 to 28 that the stock will beat the market
  • 2,160 investors are monitoring the stock on Seeking Alpha

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 stock 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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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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