Chart of the Day - Loxo Oncology (LOXO)

The Chart of the Day belongs to Loxo Oncology (LOXO).  I found the pharmaceutical preparations stock by using Barchart to sort the Russell 3000 Index stocks first by technical buy signals, then again my Weighted Alpha.  I then used the Flipchart feature to review the charts.   Since the Trend Spotter signaled a buy on 9/2 the stock gained 7.72%.

Loxo Oncology, Inc. is a biopharmaceutical company. It develops targeted small molecule therapeutics for the treatment of cancer in genetically defined patient populations. Loxo Oncology, Inc. is headquartered in Stamford, Connecticut.
 technical indicators:

• 73.47+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 3.15% in the last month
• Relative Strength Index 66.39%
• Barchart computes a technical support level at 20.48
• Recently traded at 22.61 with a 50 day moving average of 19.20

Fundamental factors:

• Market Cap $377.36 million
• Revenue expected to grow 36.90% this year
• Although Wall Street analysts did not post complete Revenue and Earnings projections they still released 2 strong buy and 2 buy recommendations on the stock
• The individual investors on Motley Fool voted 4 to 1 that the stock will beat the market