The Chart of the Day belongs to La Jolla Pharmaceuticals (LJPC).  I found the biological pharmaceutical stock by using Barchart to sort theRussell 3000 Index stocks first for the highest Weighted Alpha then again for Barchart technical buy signals of 80% or better,  The stock gained 34.88% since the Trend Spotter signaled a buy on 8/26.

 The company is engaged in the research and development of therapeutic products for the treatment of autoimmune and inflammatory diseases.

The status of Barchart's Opinion trading systems are listed below.  Please note that the Barchart Opinion indicators are updated live during the session every 10 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 Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• 259.87+ Weighted Alpha
• Trend Spotter buy signal
• 7 new highs and up 53.47% in the last month
• Relative Strength Index 73.95%
• Barchart computes a technical support level at 30.10
• Recently traded at 41.62 with a 50 day moving average of 29.86

Fundamental factors:

• Market Cap $637.15 million
• Earnings projected to compound at an annual rate of 13.20% for the next 5 years
• Wall Street analysts issued 4 strong buy recommendations on the stock
• The individual investors on Motley Fool voted 61 to 20 for the stock to beat the market

The 20-50 day MACD Oscillator has been an effective technical trading strategy for this stock

LJPC