The Chart of the Day belongs to the biomedical company ADMA Biologics (ADMA), states Jim Van Meerten of

I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and a Trend Seeker buy signal. I then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 4/ 23 the stock gained 4.13%.

A graph of stock market  Description automatically generated with medium confidence
ADMA Price vs Daily Moving Averages

ADMA Biologics, Inc., a biopharmaceutical company, engages in developing, manufacturing, and marketing specialty plasma-derived biologics for treating immune deficiencies and infectious diseases in the United States and internationally.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 110.10+ Weighted Alpha
  • 95.69% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 8 new highs and up 7.24% in the previous month
  • Relative Strength Index 65.75%
  • Technical support level at $6.70
  • Recently traded at $6.81 with a 50-day moving average of $6.18

Fundamental Factors:

  • Market Cap $1.55 billion
  • Revenue is expected to grow 29.30% this year and another 16.80% next year
  • Earnings are estimated to increase 330.80% this year and an additional 66.70% next year

Analysts and Investor Sentiment: I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued three strong buy and one buy recommendation on the stock
  • Their price targets are $7.50 to $10.00 with a mid-point of $8.35 for a 23% gain
  • Value Line rate the stock at an average of three 
  • CFRAs MarketScope has a buy rating
  • MorningStar gives the stock an average three-star rating with a Fair Value of $7.37
  • 8,930 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least weekly.

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.