The Chart of the Day belongs to MeetMe Inc (MEET). I found the social networking stock by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha then again for technical buy signals of 80% or more,  Since the Trend Spotter signaled a buy on 4/13 the stock gained 233.23%.

MeetMe, Inc. owns and operates a social network. It enables users to meet new people through social games and apps, monetized by both advertising and virtual currency. The company operates, and MeetMe apps on iPhone and Android. MeetMe, Inc., formerly known as Quepasa Corporation, is headquartered in New Hope, Pennsylvania.

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 web site when you read this report.

Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 26.20% in the last month
  • Relative Strength Index 69.11%
  • Technical support level 7.00
  • Recently traded at 7.37 with a 50 day moving average of 5.52
Fundamental factors:
  • Market Cap $349.93 million
  • P/E 20.73
  • Revenue expected to grow 24.30% this year and another 28.00% next year
  • Earnings estimated to increase 166.70% this year, an additional 37.50% next year and continue to increase at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy recommendations on the stock