Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Virtual Imaging Technology is hot

|Includes:eMagin Corporation (EMAN)

 This morning I added Emagin Corp (NYSEMKT:EMAN) to the Barchart Van Meerten New High portfolio.

eMagin Corporation is a leading developer of virtual imaging technology, eMagin combines integrated circuits, microdisplays, and optics to create a virtual image equivalent to the real image of a computer monitor or large screen TV. These miniature, high-performance, virtual imaging modules provide access to information-rich text, data, and video which canfacilitate the opening of new mass markets for wearable PCs, wireless Internet appliances and mobile phones, portable DVD-viewers, digital cameras, and other emerging applications.

The recent price momentum with 16 new highs and a price increase of 58.33% in the last month has earned the stock a 96% Barchart technical buy signal.  With a rising Relative Strength Index of 82.36% it recently traded around 7.38 with a 50 day moving average of 5.18.

There is only one Wall Street brokerage following the stock but that analyst has a strong buy recommendation.

General investor sentiment as measured on Motley Fool has the CAPS members voting 48 to 3 that the stock will beat the market and the All Stars agree 13 to 2.


Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
 


Disclosure: I am long EMAN.
Stocks: EMAN