Wednesday, February 10, 2021

Chart of the Day - Kopin


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Barchart.com's Chart of the Day - Kopin
February 10, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the personal electronics company Kopin (NASDAQ:KOPN).   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 11/4 the stock gained 537.16% . 

Kopin Corporation invents, develops, manufactures, and sells components, subassemblies, head-worn, and hand-held systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, and optical lenses; and headset systems. The company's products are used in soldier, avionic, and military armored vehicle applications; 3D optical inspection systems; industrial, public safety, and consumer augmented and virtual reality wearable headsets; and training and simulation military applications. Kopin Corporation was founded in 1984 and is headquartered in Westborough, Massachusetts.

KOPN

 

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
  • 912.13+ Weighted Alpha
  • 2,336.07% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 244.75% in the last month
  • Relative Strength Index 89.36%
  • Technical support level at 7.94
  • Recently traded at 9.46 with a 50 day moving average of 3.53

Fundamental factors:

  • Market Cap $726 million
  • Revenue expected to grow 20.40% this year and another 10.60% next year
  • Earnings estimated to increase 72.40% this year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 201 to 16 that the stock will beat the market
  • 5,890 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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