TechTarget - Russell 3000 Star
Summary
- 88% technical buy signals.
- 18 new highs and up 15.60% in the last month.
- 50.18% gain in the last year.
The Barchart Chart of the Day belongs to the Internet content company TechTarget (TTGT). I found the stock by sorting the Russell 3000 Index stocks first by the most frequent number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 4/29 the stock gained 48.84%.
TechTarget, a leading online Information Technology media company, provides IT companies with ROI-focused marketing programs to generate leads, shorten sales cycles, and grow revenues. The company is also a leading provider of independent, peer and vendor content, a leading distributor of white papers, and a leading producer of vendor-sponsored Webcasts and Podcasts for the IT market. Its Web sites are complemented by numerous invitation-only events and two magazines. TechTarget provides proven lead generation and branding programs to numerous advertisers including Cisco, Dell, EMC, HP, IBM, Intel, Microsoft, SAP and Symantec.
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:
- 88% technical buy signals
- 58.48+ Weighted Alpha
- 50.18% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 15.04% in the last month
- Relative Strength Index 80.65%
- Technical support level at 33.97
- Recently traded at 34.27 with a 50 day moving average of 29.29
Fundamental factors:
- Market Cap $934 million
- P/E 63.77
- Revenue expected to grow .40% this year and another 10.30% next year
- Earnings estimated to increase 58.30% this year, an additional 24.20% next year and continue to compound at an annual rate of 20.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 3 buy and 1 hold recommendation on the stock
- The individual investors following the stock on Motley Fool voted 37 to 28 that the stock will beat the market
- 1,1760 investors are monitoring the stock on Seeking Alpha
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