The Barchart Chart of the Day belongs to CareDx (CDNA). I found the medical services stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 3/23 the stock gained 24.74%.

CareDx, Inc. is a commercial stage company. It develops, markets, and delivers a diagnostic surveillance solution for heart transplant recipients. The Company provides AlloMap, a noninvasive blood test used to aid in the identification of heart transplant recipients. It is also pursuing other areas of transplant surveillance, such as the use of cell-free DNA (cfDNA) as a biomarker for rejection. CareDx, Inc. is based in Brisbane, California.

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 theBarchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Technical buy signals
  • 442.91+ Weighted Alpha
  • 833.33% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 24.74% in the last month
  • Relative Strength Index 83.01%
  • Technical support level at 10.48
  • Recently traded at 10.64 with a 50 day moving average of 7.78

    • Fundamental factors:

  • Market Cap $376 million
  • Revenue expected to grow 27.00% this year and another 42.20% next year
  • Earnings estimated to increase 68.10% this year, an additional 200.00% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • 3 Wall Street analysts issued strong buy recommendations on the stock
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