The Chart of the Day belongs to EPAM Systems (NYSE:EPAM). I found the computer programming stock by using Barchart to sort the Russell 3000 Index stocks for both a Weighted Alpha of at least 50.00+ and technical buy signals of 80% or better. Since the Trend Spotter signal ed a buy on 9/30 the stock gained 1.27%.

EPAM Systems, Inc. is an IT services provider engaged in providing software product development services, software engineering and custom development solutions. Its software product development services include product research, design and prototyping, product development, component design and integration. Its custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration. The Company also provides application testing services consisting of software application testing, testing for enterprise IT, and consulting services. It serves banking, financial services, business information, media, travel and hospitality, retail, energy, telecommunications, automotive, manufacturing, life sciences industries and the government. EPAM Systems, Inc. is headquartered in Newtown, Pennsylvania.

The status of 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 web site when you read this report.

Barchart technical indicators:

  • 88% Barchart technical buy signals
  • 67.00+ Weighted Alpha
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 9.32% in the last month
  • Relative Strength Index 60.41%
  • Barchart computes a technical support level at 68.64
  • Recently traded at 75.43 with a 50 day moving average of 71.57
  • Fundamental factors: