AtriCure Suffers From Weak Chart, Downgrade

 | May 03, 2016 | 12:10 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:


Shares of AtriCure (ATRC) are suffering from two aliments -- a negative-looking chart and indicators and a downgrade from TheStreet's quantitative service.

In this daily chart of ATRC, above, we can see it peaked in August around $28 and in the subsequent months has nearly been cut in half. Prices are below the declining 50-day and 200-day moving averages. The On-Balance-Volume (OBV) line is not supportive of a bullish case and the Moving Average Convergence Divergence (MACD) oscillator is failing at the underside of the zero line.

When we look at this weekly chart of ATRC, above, we fail to find anything bullish. Prices are below the declining 40-week moving average line. The OBV line has been pointed down from its August peak on this time frame. The MACD oscillator is bearish, too. With prices down to key support from the 2014 lows in the $15-$14 area, we are not optimistic about the next few months. A weekly close below the 2014 lows could set ATRC on a course to next support around $10.

Columnist Conversations

Most investors have given up on Vera Bradley (VRA) , but the punishment may not fit the crime, and the company...
When the whole world sells off everybody wants to assign a reason for the action. Today's suggestions: 1...
For the first time since early February the down volume as a percentage of total volume on the NYSE is over 90...



News Breaks

Powered by
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.