The Chart of the Day in Insys Therapeutics (NASDAQ:INSY). I found the stock by sorting the New High List for Weighted Alpha then reviewed the charts with the flipchart feature. In the last 3 month the stock hit 25 new highs for a gain of 190.90%.
It is a commercial-stage specialty pharmaceutical company and is engaged in the development and commercialization of pharmaceutical products that target the unmet needs of cancer patients, with an initial focus on cancer-supportive care. The company's cancer-supportive care and cancer therapy product candidates include Fentanyl sublingual spray and Dronabinol SG capsule.
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:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 7 new highs and up 57.32% in the last month
- Relative Strength Index 80.67%
- Barchart computes a technical support level at 28.63
- Recently traded at 29.98 with a 50 day moving average of 17.86
This stock is a fast mover so watch the 50 day moving average and the 14 day turtle channel to decide when to exit.