• Sportradar (SRAD) exhibits strong technical momentum, hitting a new 52-week high on Tuesday, July 2.

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

• The stock has gained 150% over the past year and shows continued bullish signals from Barchart’s Trend Seeker.

• Fundamentals show projected double-digit revenue growth, but earnings are volatile.

Valued at $30.8 billion, Sportradar Group (SRAD) is a provider of sports betting and sports entertainment products and services.

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. SRAD checks those boxes. Since the Trend Seeker signaled a buy on April 14, the stock has gained 20.6%.

SRAD Price vs. Daily Moving Averages:

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.

Sportradar shares hit a new 52-week high on July 1, touching $28.50 in intraday trading.

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

• The stock recently traded at $27.50, above its 50-day moving average of $24.32.

• SRAD has a Weighted Alpha of +137.98.

• The stock has gained 150% over the past year.

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

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

• The stock has made 12 new highs and gained 12.4% in the last month.

• Relative Strength Index is at 74.69%.

• The technical support level is $27.20.

• $30.8 billion market cap.

• Trailing price-earnings ratio of 147.79x.

• Revenue is projected to grow 15.36% this year and another 15.17% next year.

• Earnings are estimated to decrease 18.45% this year but increase by 50.71% next year.