• Verona Pharma (VRNA) is showing exceptional technical strength, hitting a new high in morning trading on June 24.

• The stock has a 100% technical “Buy” signal via Barchart.

• The stock has surged 515% over the past year, with Trend Seeker and moving averages confirming the bullish trend.

• Fundamentals are robust and generally bullish analyst sentiment supports VRNA.

Today’s Featured Stock:

Valued at $7.87 billion, Verona Pharma (VRNA) is a clinical-stage biopharmaceutical company. It researches, discovers and develops therapeutic drugs to treat respiratory diseases primarily in the United Kingdom and North America.

Verona was last featured in Chart of the Day on Feb. 4 when it closed at $58.98. Shares have gained 66.18% since then.

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What I’m Watching:

I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. VRNA checks those boxes. Since the Trend Seeker signaled a buy on April 28, the stock has gained 41%.

VRNA Price vs. Daily Moving Averages:

Barchart Technical Indicators for Verona:

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.

Verona shares hit a new 52-week high on Tuesday, June 24, touching $98.21 in morning trading.

• Verona has a 100% technical “Buy” signal.

• The stock recently traded at $98.21, above its 50-day moving average of $75.24.

• VRNA has a Weighted Alpha of +474.59.

• The stock has gained 515.8% over the past year.

• VRNA has its Trend Seeker “Buy” signal intact.

• Verona is trading above its 20, 50 and 100-day moving averages.

• The stock has made 12 new highs and gained 28.7% in the last month.

• Relative Strength Index is at 78.50%.

• The technical support level is $95.08.