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

Eldorado Gold - Pick Of The Day

|About: Eldorado Gold Corporation (EGO)
Summary

100% technical buy signals.

17 new highs and up 46.22% in the last month.

39.30% gain in the last year.

My Stock Pick of the Day belongs to the gold producer Eldorado Gold (EGO).  I found the stock by using Barchart's powerful screening tools to find the stocks with he highest Weighted Alpha and highest technical buy signals.  I sorted that list by the most frequent number of new highs in the last month and used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 6/4 the stock gained 87.00%.

Eldorado Gold is a gold producing and exploration company with gold assets in Brazil and Turkey.

EGO

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 website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 53.95+ Weighted Alpha
  • 39.30% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 46.22% in the last month
  • Relative Strength Index 85.93%
  • Technical support level at 7.53
  • Recently traded at 7.89 with a 50 day moving average of 5.01

Fundamental factors:

  • Market Cap $1.22 billion
  • Revenue expected to grow 39.00% next year
  • Earnings estimated to increase 66.70% next year and continue to compound at an annual rate of 5.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 2 buy, 3 hold and 1 under perform recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 776 to 51 that the stock will beat the market
  • 19,215 investors are monitoring the stock on Seeking Alpha