LXFT

The Chart of the Day belongs to Luxoft Holdings (LXFT).  I found the software development stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more, then for technical buy signals of 80% of better then lastly for a 50-100 Day MACD Oscillator buy signals.  As always I use the Flipchart function to review the charts.  The sort funneled the 3000 stock down to just 62.  Since the Trend Spotter signaled a buy in 10/5 the stock gained 4.85%.

Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands.


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:

Fundamental factors:
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.