Barchart.com's Chart of the Day - Cirrus Logic
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 CRUS - Cirrus Logic Inc
SymLastChgPct
CRUS68.64+1.72+2.57%

The Barchart Chart of the Day belongs to the audio components company Cirrus Logic (CRUS). I found the stock by sorting Barchart's Top 100 Stocks list first by the most frequent number of new highs in the past month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/11 the stock gained 45.99%.

Cirrus Logic is a leader in high performance, low-power ICs for audio and voice signal processing applications. Cirrus Logic's products span the entire audio signal chain, from capture to playback, providing innovative products for the world's top smartphones, tablets, digital headsets, wearables and emerging smart home applications. The Company offers products through both direct and indirect sales channels across the world. The Company's portable audio products include analog and mixed-signal components designed for mobile devices including smartphones, tablets, digital headsets, wearables, smart accessories and portable media players. Its non-portable audio and other products include analog and mixed-signal components targeting the consumer market, including smart home applications, and the automotive, energy and industrial markets.

CRUS

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
  • 137.10+ Weighted Alpha
  • 157.85% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 17.3% in the last month
  • Relative Strength Index 79.10%
  • Technical support level at 81.17
  • Recently traded at 81.90 with a 50 day moving average of 69.26

Fundamental factors:

  • Market Cap $4.75 billion
  • P/E 32.67
  • Revenue expected to grow 2.70% this year and another 3.80% next year
  • Earnings estimated to increase 28.40% this year, an additional .60% next year and continue to compound at an annual rate of 15.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 5 buy, 2 hold and 1 under perform recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 866 to 28 that the stock will beat the market
  • 22,135 investors are monitoring the stock on Seeking Alpha