Barchart.com's Chart of the Day - Cabot Microelectronics
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 CCMP - Cabot Microelectron
SymLastChgPct
CCMP148.31+2.18+1.49%

The Chart of the Day belongs to the slurry company Cabot Microelectronics (CCMP). I found the stock by sorting Barchart's Top Stocks to Own list 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 8/16 the stock gained 17.50%.

Cabot Microelectronics Corporation is the leading supplier of CMP slurries for polishing various materials used in semiconductor manufacturing processes. The company's products play a critical role in the production of the most advanced semiconductor devices, enabling the manufacture of smaller, faster and more complex devices by its customers. Cabot Microelectronics has demonstrated consistent, steady growth and is the leader in the CMP Industry, as well as part of the dynamic, high-growth Consumer Electronics Industry, enabling the manufacture of leading edge devices in on of the most innovative industries in the world.

CCMP

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
  • 51.90+ Weighted Alpha
  • 37.14% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 16.71% in the last month
  • Relative Strength Index 80.58%
  • Technical support level at 140.90
  • Recently traded at 144.37 with a 50 day moving average of 122.52

Fundamental factors:

  • Market Cap $4.14 billion
  • P/E 21.59
  • Dividend yield 1.18%
  • Revenue expected to grow 77.40% this year and another 10.00% next year
  • Earnings estimated to increase 27.80% this year, an additional 12.40% next year and continue to increase at an annual rate of 13.00% for the next 5 years
  • Wall Street analysts issued 3 buy and 2 hold recommendations on the stock
  • the individual investors following the stock on Motley Fool voted 46 to 5 that the stock will beat the market
  • 1,387 investors are following the stock on Seeking Alpha