The Chart of the Day belongs to Applied Optoelectronics (AAOI) a repeat that was highlighted back in January. I found the fiber optics stock by using Barchart to sort today’s All Time High list, first by the highest Weighted Alpha, then again by technical buy signals. Since the Trend Spotter signaled another buy on 8/12 the stock gained 31.75%.
Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas.
The status of 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:
