RingCentral - Chart Of The Day -

RingCentral – Chart Of The Day

Mar 16, 2018Jeremy ParkinsonFinance0

The Chart of the Day belongs to RingCentral (RNG). I found the business communications software stock by using Barchart to sort today’s New 52 Week High list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 2/13 the stock gained 19.60%.

RingCentral, Inc. provides solutions for business communications primarily in the United States. The Company’s products include RingCentral Office, RingCentral Mobile and RingCentral Fax. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. RingCentral, Inc. is headquartered in San Mateo, California.

Barchart technical indicators:

96% technical buy signals

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

9 new highs and up 8.24% in the last month

Relative Strength Index 73.79%

Technical support level at 67.43

Recently traded at 68.55 with a 50 day moving average of 57.62

Fundamental factors:

Market Cap $5.36 billion

Revenue expected t increase 26.40% this year and another 22.80% next year

Earnings estimated to increase 195.00% this year, an additional 30.50% next year and continue to compound at an annual rate of 27.80% fr the next 5 years

Wall Street analysts issued 7 strong buy, 5 buy and 3 hold recommendations on the stock