OneSpan - Most New Highs
Summary
- 100% technical buy signals.
- 15 new highs and up 31.81% in the last month.
- 103.21% gain in the last year.
The Barchart Chart of the Day belongs to the software company OneSpan (OSPN). I found the stock by using Barchart powerful screening tools to sort the Russell 3000 Index stocks first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 4/27 the stock gained 59.58%.
OneSpan Inc., together with its subsidiaries, designs, develops, and markets digital solutions for identity, security, and business productivity worldwide. The company offers Trusted Identity Platform, a cloud-based platform to secure users, devices, and transactions across the digital journey; Intelligent Adaptive Authentication, a cloud-based solution that enables banks and other financial institutions to secure users, devices, and transactions; and Risk Analytics, a comprehensive anti-fraud solution. It also provides Secure Agreement Automation, a cloud-based solution that helps digitize the mobile and online application process; Mobile Security Suite, a software development kit; Mobile Authenticator Studio, a mobile authenticator that operates as a discrete mobile application; and OneSpan Sign, which supports a range of e-signature requirements from simple to complex. In addition, the company offers DIGIPASS hardware authenticators that supports authentication and digital signatures for applications running on PCs, tablets, and mobile phones; and authentication servers that enables customers to administer a high level of access control. It sells its solutions through its direct sales force, as well as through distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in May 2018. OneSpan Inc. was founded in 1991 and is headquartered in Chicago, Illinois.
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
- 104.76+ Weighted Alpha
- 103.12% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 31.81% in the last month
- Relative Strength Index 73.35%
- Technical support level at 27.82
- Recently traded at 27.78 with a 50 day moving average of 21.41
Fundamental factors:
- Market Cap $1.14 billion
- P/E 40.28
- Revenue expected to grow 1.20% this year and another 9.30% next year
- Earnings estimated to increase 53.20% next year and continue to compound at an annual rate of 2.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 2 buy and 2 hold recommendations on the stock
- 895 investors are monitoring the stock on Seeking Alpha
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