Valued at $602 million, Kopin Corp. (KOPN) is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems to military, industrial, and consumer customers. Since the Trend Seeker signalled a new “Buy” on Aug. 26, the stock has gained 73.8%, advises Jim Van Meerten, analyst at Barchart.
Kopin’s technologies and solutions are available as components providing individual capabilities or as reference systems providing integrated solutions. Kopin has contributed to the development of head-mounted displays for the F-35 Joint Strike Fighter and created the Golden-i, a wearable headset reference design for industry.
I found the stock by using Barchart’s powerful screening functions to sort for names with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. Kopin hit a three-year high of $4.16 in intraday trading on Oct. 22.
The stock has a weighted alpha of +269.1 and a Relative Strength Index (RSI) of 59.8. There is a technical support level around $3.62. The Wall Street analysts tracked by Barchart have issued six “Strong Buys” and only a single “Hold” opinion. But if you buy at this level, please keep your stop losses tight.
Recommended Action: Buy KOPN.
