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JimVanMeerten (65.24)

Hanger Ortho is a runaway stock

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October 22, 2010 – Comments (0) | RELATED TICKERS: HGR

I have added Hanger Orthopedics (HGR) to the Barchart Van Meerten New High portolio. The company develops, acquires and operates orthotic and prosthetic patient-care centers. The Orthotics & Prosthetics centers are staffed by orthotists and prosthetists, who design, fabricate, fit and supervise the use of external musculoskeletal support devices and artificial limbs. The company also manufacture custom-made and prefabricated Orthotics & Prosthetics devices and are the country's largest distributor of Orthotics & Prosthetics components and finished Orthotics & Prosthetics patient-care products.

The stock is moving so fast that it may be too late for you to get on board.  The price hit 20 new highs in the last 20 sessions for a 40.88% increase in price in the last month alone.  The stock is trading above its 20, 50 and 100 day moving averages and recently traded at 19.86 well above it's 50 day moving average of 14.95.  The stock has a 100% Barchart short term buy signal and has a Relative Strength Index of 89.79% and is still rising.

Although this company is small it has a Wall Street brokerage following with 6 buy recommendations published for their clients.  The analysts predict an increase in sales of 7.10% this year and 7.00% next year.  Earnings estimates are double digit increases of 12.20% this year, 12.40% next year and a 5 year annual compounded rate of 13.33%.  Double digit growth in earning is what I like to see.

The CAPS members on Motley Fool have voted that the stock will beat the market by 104 to 7 with the All Stars in agreement 25 to 3.  Fool notes that all 7 articles about the stock have been positive.

It may be late to get on board but the stock has:

1 - 20 new highs in 20 sessions

2 - 100% Barchart short term buy signal

3 -  Relative Strength Index of 89.79% and rising

4 -  Wall Street brokerage buy reports

5 -  Positive investor sentiment

 Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.


Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

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