Chart of the day is owned by medical software company Model N (MODN). I found the stock by first sorting Russell 3000 Index stocks by most frequent number of new highs in the last month and having a Trend Spotter buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on June 27, the stock has gained 36.04%.
Model N, Inc. provides cloud-based revenue management solutions for life sciences and high technology companies. The company offers global price management, which minimizes product price erosion; Global tender management that improves revenue by enabling segmentation and targeting, optimal tender pricing, and post-award follow-up; supplier management, which minimizes rebate overpayments; Payer management that minimizes revenue leakage and complex contract non-compliance; government pricing, which optimizes revenue and reduces the risk of fines and other penalties; and Medicaid that improves compliance with regulatory requirements and timely claims payments and correct rates for government Medicaid programs. It also provides deal management, which increases deal conversion and price consistency; Deal Intelligence which monitors price concessions and determines ideal prices; Channel Management, which provides manufacturers with a view of inventory, assesses price protection and inventory turns, and matches available inventory to quotes; Market development fund management that allows companies to streamline their MDF process and reduce revenue leakage; rebate management, which centralizes control of rebate programs; and channel data management that automates the process of collecting, cleaning, validating, and normalizing data from channel partners, such as point of sale, inventory, and claims. Additionally, the company offers implementation, managed, strategic, and customer support services. It mainly serves large and medium enterprises around the world through its direct sales force. The company was incorporated in 1999 and is headquartered in San Mateo, California.
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Analysts and Investor Sentiment – I’m not buying stocks because everyone else is buying them, but I realize that if big companies and investors dump a stock, it’s hard to make money against it. -running :