The Chart of the Day is Vascular Solutions (NASDAQ:VASC). I found the stock by sorting the New High List for frequency in the last month and skipped any stocks that didn't have a positive gain for the last week and month. I next used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/20 the stock gained 11.65%.
|Vascular Solutions Inc. manufactures, markets and sells the Vascular Solutions Duett sealing device, which enables cardiologists and radiologists to rapidly seal the puncture site following catheterization procedures such as angiography, angioplasty and stenting. Its product combines a simple balloon catheter delivery mechanism with a powerful, proprietary procoagulant. The company believes its product offers advantages over both manual compression and the three other FDA-approved devices used to seal the puncture site following the catheterization.|
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:
Looks like a good long haul stock. Watch the 100 day moving average to determine when to take profits.