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

ProofPoint - Chart Of The Day

|Includes: Proofpoint, Inc. (PFPT)

The Chart of the Day is ProofPoint (NASDAQ:PFPT) with 96% Barchart technical buy signals and a Trend Spotter buy signal. The stock has 15 new highs for a gain of 21.03% in the last month. The stock was found by sorting the New High List for frequency.

The company is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. They provide expertise, patented technologies, and on-demand delivery system to protect against phishing, malware and spam, safeguard privacy, encrypt sensitive information, and archive and govern messages and critical enterprise information.

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 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
  • 15 new highs and up 21.03% in the last month
  • Relative strength Index 70.90%
  • Barchart computes a technical support level at 21.22
  • Recently traded at 22.33 with a 50 day moving average of 18.91

Fundamental factors:


  • Market Cap $737.87 million
  • Revenue projected to grow by 21.50% this year and 18.10% next year
  • Earnings are estimated to increase 74.30% next year
  • Wall Street analysts issued 3 strong buy recommendations

Exit if the stock drops below its 50 day moving average.