Tantech - Chart Of The Day
The Barchart Chart of the Day belongs to Tantech (TANH). I found the Chinese bamboo products stock by using Barchart to sort today's Top Stocks to Ownlist first by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 2/26 the stock gained 33.81%.
Tantech Holdings Ltd. develops and manufactures bamboo-based charcoal products in the People's Republic of China and internationally. The company operates through three segments: Consumer Products, Trading, and Energy. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. The company also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. In addition, it provides bamboo vinegar, a liquid byproduct that is used in disinfectants, detergents, lotions, specialized soaps, toilet cleaners, and fertilizers, as well as in various agricultural applications; and bamboo carbon for use in EDLCs. The company sells its products directly or indirectly through distributors for industrial energy applications; and household cooking, heating, purification, agricultural, and cleaning uses. It also exports its bamboo vinegar, bamboo charcoal purification, and EDLC carbon products. Tantech Holdings Ltd. was founded in 2001 and is headquartered in Lishui, the People's Republic of China.
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 are shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 96% Technical buy signals
- 101.84 Weighted Alpha
- 44.71% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 22.195 in the last month
- Relative Strength Index 78.32%
- Technical support level at 3.58
- Recently traded at 3.68 with a 50 day moving average of 3.05
- Market Cap $104 million