The Chart of the Day belongs to Zebra Technologies (NASDAQ:ZBRA). I found the stock by sorting today’s All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/31 the stock gained 22.75%.
Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems.
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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:
Fundamental factors:
The Trend Spotter has been an extremely reliable technical trading strategy on this stock and should continue to be used for entry and exit points. Although there has been quite a run up in price there still may be some more upside left in this one.