Chart Of The Day: Mirion Technologies – Specialty Instruments

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  • 100% technical buy signals
  • 17 new highs and up 19.07% in the last month
  • 64.10+ Weighted Alpha
  • The Chart of the Day belongs to the specialty industrial machinery company Mirion Technologies (MIR). 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 having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/ 3 the stock gained 26.25%. MIR Price vs Daily Moving AveragesMirion Technologies, Inc. provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Industrial. The medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as shielding, product handling, medical imaging furniture, and rehabilitation products. This segment supports applications in medical diagnostics, cancer treatment, practitioner safety, and rehabilitation. The Industrial segment focuses on addressing critical radiation safety, measurement, and analysis applications; and provides personal radiation detection, identification equipment, and analysis tools. The company’s products and solutions also include nuclear medicines, dosimeters, contamination and clearance monitors, reactor instrumentation and control equipment and systems, medical and industrial imaging systems and related accessories, alpha spectroscopy instruments, alpha/beta counting instruments, and gamma spectroscopy detector systems; and electrical penetration, cancer diagnostics, software, and other services. It serves hospitals, clinics and urgent care facilities, dental and veterinary offices, radiation treatment facilities, OEMs for radiation therapy, laboratories, military organizations, government agencies, industrial companies, power and utility companies, reactor design firms, and NPPs. The company was formerly known as Global Monitoring Systems, Inc. and changed its name to Mirion Technologies, Inc. in January 2006. The company was incorporated in 2005 and is headquartered in Atlanta, Georgia.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 therefore 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
  • 64.10+ Weighted Alpha
  • 81.32% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 19.07% in the last month
  • Relative Strength Index 85.74%
  • Technical support level at $10.11
  • Recently traded at $10.28 with 50 day moving average of $8.30
  • Fundamental Factors:

  • Market Cap $2.31 billion
  • P/E 53.26        
  • Analysts have not given Revenue and Earnings projection
  • 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 1 strong buy and 2 buy  recommendations on the stock
  • Analysts price target consensus is around $11 about 7% higher than today’s price
  • Value Line gives the stock its above average rating  of 2
  • CFRA’s MarketScope gives the stock a hold recommendation
  • 3,180 investors monitor the stock on Seeking Alpha
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