Avantor Stock Has Strong Technical Momentum, But Make Sure Your Stop Losses Are Tight

Avantor Stock Has Strong Technical Momentum, But Make Sure Your Stop Losses Are Tight

• AVTR

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• Avantor (AVTR) exhibits strong technical momentum, recently setting a new year-to-date high.

• Shares are up more than 22% over the past year.

• AVTR maintains a 100% "Buy" technical opinion from Barchart.

• Most analysts see AVTR as undervalued, but I recommend a tight stop loss given its volatility and only moderate fundamental outlook.

Today's Featured Stock

Valued at $10.44 billion, Avantor (AVTR) is a provider of critical products and services primarily to the biopharma, healthcare, education, government, advanced technologies, and applied materials industries.

What I'm Watching

I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. AVTR checks those boxes. The Trend Seeker issued a new "Buy" signal on May 27. The stock has gained 84.94% since that signal.

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Barchart's Indicators for Avantor

Editor's Note:The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Avantor scored a year-to-date high of $15.72 on Sept. 16.

• Avantor has a Weighted Alpha of 56.10.

• AVTR has a 100% "Buy" opinion from Barchart.

• The stock has gained 22.15% over the past 52 weeks.

• Avantor has its Trend Seeker "Buy" signal intact.

• The stock recently traded at $15.61 with a 50-day moving average of $13.31.

• AVTR had 13 highs and gained 13.65% in the last month.

• 60-month beta of 0.89.

• Relative Strength Index (RSI) is at 69.66.

• There's a technical support level around $15.20.

Don't Forget the Fundamentals

• $10.44 billion market capitalization.

• 18.49x trailing price-earnings ratio.

• Revenue is projected to grow 0.63% this year and another 2.36% next year.

• Earnings are estimated to decrease by 9.65% this year but increase by 8.40% next year.

Story Continues