Thursday, April 24, 2014

Enerplus Corp - Barchart's Chart of the Day

Enerplus Corp (ERF) is the Barchart Chart of the Day.  The independent oil and gas production stock has a Trend Spotter buy signal, a Weighted Alpha of 61.30+ and gained 67.82% in the last year.


The Chart of the Day is Enerplus Corp (ERF).  I found the stock by sorting today's New High List for new high frequency in the last month then used thew Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/27 the stock gained 11.22% plus pays a 4.43% dividend.

Enerplus Corporation, formerly known as Enerplus Resources, is an independent oil and gas production company with resources across Western Canada and the United States. The Company's resource plays include shallow gas/coal bed methane, tight gas, crude oil waterfloods, Bakken/Tight oil and oil sands located in British Columbia, Alberta, Saskatchewan and Manitoba.


 The status of 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 shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 20 new highs and up 13.71% in the last month
  • Relative Strength Index 67.82%
  • Barchart computes a technical support level at 21.81
  • Recently traded at 21.90 with a 50 day moving average of 19.96
Fundamental factors:
  • Market Cap $4.43 billion
  • P/E 30.22
  • Dividend yield 4.43%
  • Revenue predicted to grow by 43.00% this year and another 6.00% next year
  • Earnings estimated to increase 7.80% this year, an additional 14.50% next year and continue to increase at an annual rate of 39.50% for the next 5 years
  • Wall Street analysts issued 5 buy and a hold recommendation for the stock
Good income stock with price momentum.  Gauge as a total return stock.

The 5 Best Small Caps

Today I used Barchart to sort the S&P 600 Small Cap Index stocks to find the stocks with the most frequent new highs in the last month, then used the Flipchart feature to review the charts.

Today's list includes Comstock Resources (CRK), Northwest Natural Gas (NWN), US Silica Holdings (SLCA), The Andersons (ANDE) and Diodes (DIOD):

Comstock Resources (CRK)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 32.63% in the last month
  • Relative Strength Index 84.01%
  • Barchart computes a technical support level at 26.55
  • Recently traded at 28.25 with a 50 day moving average of 21.76


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 2.95% in the last month
  • Relative Strength Index 64.84%
  • Barchart computes a technical support  level at  44.40
  • Recently traded at 44.70 with a 50 day moving average of 43.15


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 19.18% in the last month
  • Relative Strength Index 74.25%
  • Barchart computes a technical support level at 41.63
  • Recently traded at 42.27 with a 50 day moving average of 36.14


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 12.86% in the last month
  • Relative Strength Index 70.01%
  • Barchart computes a technical support level at 62.72
  • Recently traded at 64.01 with a 50 day moving average of 57.73
Diodes (DIOD)


Barchart technical indicators:
  • 64% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 7.49% in the last month
  • Relative Strength Index 61.47%
  • Barchart computes a technical support level at 26.62
  • Recently traded at 27.47 with a 50 day moving average of 25.49











BARCHART MORNING CALL 4/24

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 +0.31%) this morning are up +0.41% and European stocks are up +0.83% at 2-week highs after earnings results from Apple and Facebook beat analysts’ estimates. Another positive for European equities is the unexpected increase in German Apr IFO business confidence. Ukraine troops stepped up an offensive as they entered the eastern Ukraine town of Slovyansk and killed five pro-Russian separatists, while Russian President Putin said the use of force by Ukraine would have consequences. Asian stocks closed mixed: Japan -0.97%, Hong Kong +0.24%, China -0.19%, Taiwan -0.13%, Australia +0.24%, Singapore +0.80%, South Korea -0.05%, India closed for holiday. Commodity prices are mixed. Jun crude oil (CLM14 +0.35%) is up +0.41%. Jun gasoline (RBM14 +0.08%) is up +0.02%. Jun gold (GCM14 -0.81%) is down -0.58%. May copper (HGK14 +0.98%) is up +1.11% at a 1-1/2 month high after LME copper inventories tumbled -1,025 MT to a 17-1/2 month low. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.05%) is down -0.06%. EUR/USD (^EURUSD) is up +0.04%. USD/JPY (^USDJPY) is down -0.08%. June T-note prices (ZNM14 -0.09%) are down -4.5 ticks.
ECB President Draghi said that any worsening of the medium-term outlook for inflation in the Eurozone "would be the context for a more broad-based asset purchase program."
The ECB reported that excess liquidity in the Eurozone financial system today declined to 92.9 billion euros, the lowest level since December, 2011. This may increase pressure on the ECB to expand its stimulus measures.
The German Apr IFO business climate unexpectedly rose +0.5 to 111.2, better than expectations of -0.3 to 110.4. Apr IFO current assessment rose +0.1 to 115.3, less than expectations of +0.4 to 115.6 but still the highest in 2 years. Apr IFO expectations unexpectedly rose +0.9 to 107.3, better than expectations of -0.6 to 105.8.
UK Apr CBI reported sales jumped +17 to 30, much better than expectations of +4 to 17
The Japan Mar corporate services price index rose +0.7% y/y, right on expectations.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show an increase of +11,000 to 315,000, adding to last week’s increase of +2,000 to 304,000. Meanwhile, continuing claims are expected to show an increase of +6,000 to 2.745 million after last week’s decline of -11,000 to 2.739 million. Today’s March durable goods orders report is expected to be solid with a headline increase of +2.0% and a +0.6% increase ex-transportation. That would follow the Feb report of +2.2% and +0.1% ex-transportation. The Treasury today will sell $29 billion of 7-year T-notes, concluding this week’s $96 billion T-note package.
There are 64 of the S&P 500 companies that report earnings today. Notable reports include Microsoft (consensus 0.63), Amazon ($0.23), Visa (2.18), UPS (1.08), Caterpillar (1.23), Starbucks (0.56), Verizon (0.87), Time Warner (1.67), GM (0.04), Nasdaq (0.71). There are no equity conferences during the remainder of this week.


OVERNIGHT U.S. STOCK MOVERS
Aetna (AET +0.29%) reported Q1 EPS of $1.98, well above consensus of $1.55.
Time Warner Cable (TWC +1.04%) reported Q1 EPS of $1.78, higher than consensus of $1.67.
Texas Instruments (TXN unch) reported Q1 EPS with items of 44 cents, higher than consensus of 41 cents.
Lam Research (LRCX unch) reported Q3 adjusted EPS of $1.26, better than consensus of $1.17.
Apple (AAPL -1.31%) jumped over 7% in after-hours trading after it reported Q2 EPS of $11.62, well above consensus of $10.18, and announced a 7-for-1 stock split.
Cheesecake Factory (CAKE -2.50%) reported Q1 adjusted EPS of 43 cents, below consensus of 49 cents, and then lowered guidance on fiscal 2014 EPS to $2.24-$2.33, below consensus of $2.36.
Flowserve (FLS -0.74%) reported Q1 EPS of 78 cents, better than consensus of 75 cents.
E-Trade (ETFC unch) reported Q1 EPS of 33 cents, higher than consensus of 23 cents.
Assurant (AIZ +0.36%) reported Q1 adjusted EPS of $1.68, stronger than consensus of $1.54.
Safeway (SWY -0.21%) reported Q1 EPS of 6 cents, well below consensus of 18 cents.
Chicago Bridge & Iron (CBI -0.88%) reported Q1 adjusted EPS of 87 cents, weaker than consensus of $1.10.
LSI Corporation (LSI +0.09%) reported Q1 EPS of 17 cents, better than consensus of 15 cents.
United Stationers (USTR +0.34%) reported Q1 adjusted EPS of 56 cents, weaker than consensus of 57 cents.
Stryker (SYK -0.44%) reported Q1 adjusted EPS of $1.06, below consensus of $1.08.
Facebook (FB -2.65%) rose over 5% in pre-market trading after it reported Q1 EPS of 34 cents, well above consensus of 24 cents.
Qualcomm (QCOM unch) reported Q2 adjusted EPS of $1.31, better than consensus of $1.22, and raised guidance on fiscal 2014 adjusted EPS view to $5.05-$5.25 from $5.00-$5.20.
MARKET COMMENTS
June E-mini S&Ps (ESM14 +0.31%) this morning are up +7.75 points (+0.41%) at a 2-week high. The S&P 500 index on Wednesday closed lower. Bearish factors included (1) the unexpected -14.5% slide in U.S. Mar new home sales to an 8-month low of 384,000, weaker than expectations of a +2.3% increase to 450,000, and (2) concern over Chinese economic growth after the China Apr HSBC manufacturing PMI rose +0.3 to 48.3, the fourth month that manufacturing activity in China has contracted. Closes: S&P 500 -0.22%, Dow Jones -0.08%, Nasdaq -0.88%.
Jun 10-year T-notes (ZNM14 -0.09%) this morning are down -4.5 ticks. Jun 10-year T-note futures prices on Wednesday closed higher. Bullish factors included (1) the unexpected drop in U.S. Mar new home sales to the lowest in 8 months, and (2) increased safe-haven demand for T-notes on concern that tensions in Ukraine may escalate after Ukraine's First Deputy Prime Minister said that the country's security forces are seeking to eliminate all pro-Russian militias operating in the eastern part of the country. Closes: TYM4 +10.50, FVM4 +6.00.
The dollar index (DXY00 -0.05%) this morning is down -0.048 (-0.06%). EUR/USD (^EURUSD) is up +0.0005 (+0.04%). USD/JPY (^USDJPY) is down -0.08 (-0.08%). The dollar index on Wednesday closed lower. Negative factors included (1) the unexpected slide in U.S. Mar new home sales to the lowest in 8 months, and (2) strength in EUR/USD after the Eurozone Apr Markit composite PMI unexpectedly rose +0.9 to 54.0, better than expectations of -0.1 to 53.0 and the fastest pace of expansion in 2-3/4 years. Closes: Dollar index -0.041 (-0.05%), EUR/USD +0.00117 (+0.08%), USD/JPY -0.077 (-0.08%).
Jun WTI crude oil (CLM14 +0.35%) this morning is up +42 cents (+0.41%) and Jun gasoline (RBM14 +0.08%) is up +0.0006 (+0.02%). Jun crude and gasoline prices on Wednesday closed lower with Jun crude oil at a 2-week low. Bearish factors included (1) the +3.524 million bbl increase in weekly EIA crude inventories to 397.659 million bbl, the most since EIA data began in 1982, and (2) the +0.7% increase in U.S. crude oil production for the week ended Apr 18 to a 26-yr high of 8.36 million bpd. Declines in crude were limited after crude inventories at Cushing, OK, the delivery point of WTI futures, fell -788,000 bbl to a 4-1/2 yr low of 26.04 million bbl. Closes: CLM4 -0.31 (-0.30%). RBM4 -0.0042 (-0.14%).
GLOBAL EVENT CALENDAR04/24/2014
US0830 ETWeekly initial unemployment claims expected +11,000 to 315,000, previous +2,000 to 304,000. Weekly continuing claims expected +6,000 to 2.745 million, previous -11,000 to 2.739 million.
0830 ETMar durable goods orders expected +2.0% and +0.6% ex transportation, Feb +2.2% and +0.1% ex transportation. March non-defense capital goods orders ex-aircraft expected +1.0%, Feb -1.4%.
0830 ETUSDA weekly Export Sales.
1100 ETTreasury announces amount of 2-year floating-rate notes to be auctioned Apr 29 (previous $13 billion).
1300 ETTreasury auctions $29 billion 7-year T-notes.
GER0400 ETGerman Apr IFO business climate expected -0.3 to 110.4 Mar 110.7. Apr IFO current assessment expected +0.4 to 115.6, Mar 115.2. Apr IFO expectations expected -0.6 to 105.8, Mar 106.4.
EUR0500 ETECB President Mario Draghi speaks at a conference in Amsterdam.
UK0600 ETUK Apr CBI reported sales expected +4 to 17, Mar 13.
JPN1930 ETJapan Mar national CPI expected +1.6% y/y, Feb +1.5% y/y. Mar national CPI ex-fresh food expected +1.4% y/y, Feb +1.3% y/y. Mar national CPI ex food & energy expected +0.7% y/y, Feb +0.8% y/y.
1930 ETJapan Apr Tokyo CPI expected +3.1% y/y, Mar +1.3% y/y. Apr Tokyo CPI ex-fresh food expected +2.8% y/y, Mar +1.0% y/y. Apr Tokyo CPI ex food & energy expected +2.1% y/y, Mar +0.4% y/y.
U.S. STOCK CALENDAR04/24/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Mead Johnson Nutrition CoMJN USBef-mktQ1 2014 Earnings ReleaseQ1 20140.913
Noble Energy IncNBL USBef-mktQ1 2014 Earnings ReleaseQ1 20140.748
Nucor CorpNUE USBef-mktQ1 2014 Earnings ReleaseQ1 20140.376
Diamond Offshore Drilling IncDO USBef-mktQ1 2014 Earnings ReleaseQ1 20140.652
Nielsen Holdings NVNLSN USBef-mktQ1 2014 Earnings ReleaseQ1 20140.414
PulteGroup IncPHM USBef-mktQ1 2014 Earnings ReleaseQ1 20140.203
Bemis Co IncBMS USBef-mktQ1 2014 Earnings ReleaseQ1 20140.565
T Rowe Price Group IncTROW USBef-mktQ1 2014 Earnings ReleaseQ1 20141.036
Cabot Oil & Gas CorpCOG USBef-mktQ1 2014 Earnings ReleaseQ1 20140.262
AmerisourceBergen CorpABC USBef-mktQ2 2014 Earnings ReleaseQ2 20141.004
SCANA CorpSCG USBef-mktQ1 2014 Earnings ReleaseQ1 20141.148
Wyndham Worldwide CorpWYN USBef-mktQ1 2014 Earnings ReleaseQ1 20140.745
DR Horton IncDHI USBef-mktQ2 2014 Earnings ReleaseQ2 20140.337
Waste Management IncWM USBef-mktQ1 2014 Earnings ReleaseQ1 20140.446
Coca-Cola Enterprises IncCCE USBef-mktQ1 2014 Earnings ReleaseQ1 20140.441
Stanley Black & Decker IncSWK USBef-mktQ1 2014 Earnings ReleaseQ1 20140.964
Lorillard IncLO USBef-mktQ1 2014 Earnings ReleaseQ1 20140.719
Quest Diagnostics IncDGX USBef-mktQ1 2014 Earnings ReleaseQ1 20140.881
Time Warner Cable IncTWC USBef-mktQ1 2014 Earnings ReleaseQ1 20141.674
Entergy CorpETR USBef-mktQ1 2014 Earnings ReleaseQ1 20142.288
EQT CorpEQT USBef-mktQ1 2014 Earnings ReleaseQ1 20140.887
Peabody Energy CorpBTU USBef-mktQ1 2014 Earnings ReleaseQ1 20140.007
Helmerich & Payne IncHP USBef-mktQ2 2014 Earnings ReleaseQ2 20141.48
Hershey Co/TheHSY USBef-mktQ1 2014 Earnings ReleaseQ1 20141.143
Sigma-Aldrich CorpSIAL USBef-mktQ1 2014 Earnings ReleaseQ1 20141.032
Celgene CorpCELG USBef-mktQ1 2014 Earnings ReleaseQ1 20141.649
General Motors CoGM USBef-mktQ1 2014 Earnings ReleaseQ1 20140.041
Delphi Automotive PLCDLPH USBef-mktQ1 2014 Earnings ReleaseQ1 20141.087
Eli Lilly & CoLLY USBef-mktQ1 2014 Earnings ReleaseQ1 20140.705
Starwood Hotels & Resorts Worldwide IncHOT US6:00Q1 2014 Earnings ReleaseQ1 20140.562
Aetna IncAET US6:00Q1 2014 Earnings ReleaseQ1 20141.552
Alexion Pharmaceuticals IncALXN US6:30Q1 2014 Earnings ReleaseQ1 20141.264
Southwest Airlines CoLUV US6:30Q1 2014 Earnings ReleaseQ1 20140.165
Altria Group IncMO US7:00Q1 2014 Earnings ReleaseQ1 20140.568
Raytheon CoRTN US7:00Q1 2014 Earnings ReleaseQ1 20141.766
NASDAQ OMX Group Inc/TheNDAQ US7:00Q1 2014 Earnings ReleaseQ1 20140.711
3M CoMMM US7:30Q1 2014 Earnings ReleaseQ1 20141.796
Zimmer Holdings IncZMH US7:30Q1 2014 Earnings ReleaseQ1 20141.467
Verizon Communications IncVZ US7:30Q1 2014 Earnings ReleaseQ1 20140.869
Caterpillar IncCAT US7:30Q1 2014 Earnings ReleaseQ1 20141.23
Cameron International CorpCAM US7:30Q1 2014 Earnings ReleaseQ1 20140.715
United Parcel Service IncUPS US7:45Q1 2014 Earnings ReleaseQ1 20141.08
Zimmer Holdings IncZMH US8:00Q1 2014 Earnings CallQ1 2014
Stanley Black & Decker IncSWK US8:00Q1 2014 Earnings CallQ1 2014
Freeport-McMoRan Copper & Gold IncFCX US8:00Q1 2014 Earnings ReleaseQ1 20140.42
NASDAQ OMX Group Inc/TheNDAQ US8:00Q1 2014 Earnings CallQ1 2014
Assurant IncAIZ US8:00Q1 2014 Earnings CallQ1 2014
Pfizer IncPFE US8:30Annual General MeetingY 2014
Nielsen Holdings NVNLSN US8:30Q1 2014 Earnings CallQ1 2014
PulteGroup IncPHM US8:30Q1 2014 Earnings CallQ1 2014
Verizon Communications IncVZ US8:30Q1 2014 Earnings CallQ1 2014
Wyndham Worldwide CorpWYN US8:30Q1 2014 Earnings CallQ1 2014
CMS Energy CorpCMS US8:30Q1 2014 Earnings ReleaseQ1 20140.724
Quest Diagnostics IncDGX US8:30Q1 2014 Earnings CallQ1 2014
Time Warner Cable IncTWC US8:30Q1 2014 Earnings CallQ1 2014
Equifax IncEFX US8:30Q1 2014 Earnings CallQ1 2014
Hershey Co/TheHSY US8:30Q1 2014 Earnings CallQ1 2014
United Parcel Service IncUPS US8:30Q1 2014 Earnings CallQ1 2014
Aetna IncAET US8:30Q1 2014 Earnings CallQ1 2014
3M CoMMM US9:00Q1 2014 Earnings CallQ1 2014
Altria Group IncMO US9:00Q1 2014 Earnings CallQ1 2014
Raytheon CoRTN US9:00Q1 2014 Earnings CallQ1 2014
CMS Energy CorpCMS US9:00Q1 2014 Earnings CallQ1 2014
Celgene CorpCELG US9:00Q1 2014 Earnings CallQ1 2014
Delphi Automotive PLCDLPH US9:00Q1 2014 Earnings CallQ1 2014
Eli Lilly & CoLLY US9:00Q1 2014 Earnings CallQ1 2014
Mead Johnson Nutrition CoMJN US9:30Q1 2014 Earnings CallQ1 2014
Cabot Oil & Gas CorpCOG US9:30Q1 2014 Earnings CallQ1 2014
Cameron International CorpCAM US9:30Q1 2014 Earnings CallQ1 2014
Noble Energy IncNBL US10:00Q1 2014 Earnings CallQ1 2014
Diamond Offshore Drilling IncDO US10:00Q1 2014 Earnings CallQ1 2014
Bemis Co IncBMS US10:00Q1 2014 Earnings CallQ1 2014
T Rowe Price Group IncTROW US10:00Annual General MeetingY 2014
Regions Financial CorpRF US10:00Annual General MeetingY 2014
Caterpillar IncCAT US10:00Q1 2014 Earnings CallQ1 2014
Alexion Pharmaceuticals IncALXN US10:00Q1 2014 Earnings CallQ1 2014
DR Horton IncDHI US10:00Q2 2014 Earnings CallQ2 2014
Waste Management IncWM US10:00Q1 2014 Earnings CallQ1 2014
Coca-Cola Enterprises IncCCE US10:00Q1 2014 Earnings CallQ1 2014
Freeport-McMoRan Copper & Gold IncFCX US10:00Q1 2014 Earnings CallQ1 2014
CenterPoint Energy IncCNP US10:00Annual General MeetingY 2014
General Motors CoGM US10:00Q1 2014 Earnings CallQ1 2014
Johnson & JohnsonJNJ US10:00Annual General MeetingY 2014
Crown Castle International CorpCCI US10:30Q1 2014 Earnings CallQ1 2014
EQT CorpEQT US10:30Q1 2014 Earnings CallQ1 2014
Starwood Hotels & Resorts Worldwide IncHOT US10:30Q1 2014 Earnings CallQ1 2014
Broadcom CorpBRCM USAft-mktQ1 2014 Earnings ReleaseQ1 20140.457
Newmont Mining CorpNEM USAft-mktQ1 2014 Earnings ReleaseQ1 20140.194
Republic Services IncRSG USAft-mktQ1 2014 Earnings ReleaseQ1 20140.444
Visa IncV USAft-mktQ2 2014 Earnings ReleaseQ2 20142.181
Chubb Corp/TheCB USAft-mktQ1 2014 Earnings ReleaseQ1 20141.56
Amazon.com IncAMZN USAft-mktQ1 2014 Earnings ReleaseQ1 20140.228
Stericycle IncSRCL USAft-mktQ1 2014 Earnings ReleaseQ1 20140.987
PerkinElmer IncPKI USAft-mktQ1 2014 Earnings ReleaseQ1 20140.437
Starbucks CorpSBUX USAft-mktQ2 2014 Earnings ReleaseQ2 20140.557
Microsoft CorpMSFT USAft-mktQ3 2014 Earnings ReleaseQ3 20140.63
Cerner CorpCERN USAft-mktQ1 2014 Earnings ReleaseQ1 20140.371
Cincinnati Financial CorpCINF USAft-mktQ1 2014 Earnings ReleaseQ1 20140.544
Leggett & Platt IncLEG USAft-mktQ1 2014 Earnings ReleaseQ1 20140.378
Masco CorpMAS USAft-mktQ1 2014 Earnings ReleaseQ1 20140.175
Baker Hughes IncBHI USAnnual General Meeting
SCANA CorpSCG USAnnual General Meeting
Edison InternationalEIX USAnnual General Meeting
Snap-on IncSNA USAnnual General Meeting
Intuitive Surgical IncISRG USAnnual General Meeting
Ameren CorpAEE USAnnual General Meeting

Wednesday, April 23, 2014

Warren Resources - Barchart's Chart of the Day

Warren Resources (WRES) is the Barchart Chart of the Day.  The independent energy stock has a Trend Spotter buy signal, a Weighted Alpha of 118.08+ and gained 109.02% in the last year.

The Chart of the Day is Warren Resources (WRES).  I found the stock by sorting today's New High List for the best technical buy signals then used to Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 1/28 the stock gained 61.63%.


The status of 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 shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 10.81% in the last month
  • Relative Strength Index 72.81%
  • Barchart computes a technical support level at 5.03
  • Recently traded at 5.33 with a 50 day moving average of 4.51
Fundamental factors:
  • Market Cap $388.24 million
  • P/E 11.04
  • Revenue predicted to increase by 10.90% this year and another 5.40% next year
  • Earnings expected to decrease 21.30% this year, decrease again next year by another 8.10% but still have a compounded annual return of 10.00% over the next 5 years
  • Wall Street analysts issued a strong buy and 2 hold recommendations 

Energy is iffy and volatile so watch the moving averages for signs of weakness.

Sell Signals on Dyax

I removed Dyax (DYAX) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 56% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below it's 20, 50 and 100 day moving averages
  • 38.13% off its recent high
  • Relative Strength Index 35.26%

,

5 Great Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks for the stocks with the best Barchart technical indicators.  Next I used the Flipchart feature to review the charts.  My list today includes Cimarex Energy (XEC), UGI Corp (UGI), Skyworks Solutions (SWKS), Superior Energy Services (SPN) and RenaissanceRE Holdings (RNR):

Cimarex Energy (XEC)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 3.67% in the last month
  • Relative Strength Index 65.54
  • Barchart computes a technical support level at 118.42
  • Recently traded at 123.99 with a 50 day moving average of 114.82
UGI Corp (UGI)


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 4.19% in the last month
  • Relative Strength Index 66.20%
  • Barchart computes a technical support level at 45.55
  • Recently traded at 46.37 with a 50 day moving average of 44.73


Barchart technical indicators:
  • 100% Technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 9.27% in the last month
  • Relative Strength Index 72.70%
  • Barchart computes a technical support level at 36.50
  • Recently traded at 41.04 with a 50 day moving average of 35.92


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 11.61% in the last month
  • Relative Strength Index 67.15%
  • Barchart computes a technical support level at 31.67
  • Recently traded at 32.79 with a 50 day moving average of 29.37


Barchart technical indicators:
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 5.45% in the last month
  • Relative Strength Index 73.93%
  • Barchart computes a technical support level at 100.39
  • Recently traded at 102.25 with a 50 day moving average of 96.70










BARCHART MORNING CALL 4/23

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM14 -0.12%) this morning are down -0.12% and European stocks are down -0.30% on concern over Chinese economic growth after a gauge of manufacturing activity in China contracted for a fourth month. Another negative for European equities is the slide in technology stocks led by a -4.7% decline in Ericsson AB after the world's biggest maker of wireless networks reported quarterly profit that was below consensus. On the positive side, the Eurozone Apr Markit composite PMI expanded at its fastest pace in 2-3/4 years, and the Eurozone sovereign debt crisis continues to recede as the yield on Portugal’s 10-year bond dropped to an 8-year low of 3.63% after the government sold 750 million euros of 10-year securities, the first government bond auction since Portugal requested financial aid three years ago. Asian stocks closed mixed: Japan +1.09%, Hong Kong -0.97%, China -0.10%, Taiwan -0.20%, Australia +0.70%, Singapore -0.60%, South Korea -0.13%, India +0.52%. Commodity prices are mixed. Jun crude oil (CLM14 -0.14%) is down -0.32% at a 1-week low on expectations for U.S. crude supplies to increase for the thirteenth time in fourteen weeks when the EIA reports weekly crude inventories later today. Jun gasoline (RBM14 +0.09%) is up +0.09%. Jun gold (GCM14 +0.44%) is up +0.49%. May copper (HGK14 -0.49%) is down -0.41%. Agriculture and livestock prices are weaker. The dollar index (DXY00 -0.22%) is down -0.22%. EUR/USD (^EURUSD) is up +0.28%. USD/JPY (^USDJPY) is down -0.35%. June T-note prices (ZNM14 +0.15%) are up +6.5 ticks.
The Eurozone Apr Markit manufacturing PMI rose +0.3 to 53.3, better than expectations of no change at 53.0. The Apr Markit composite PMI unexpectedly rose +0.9 to 54.0, better than expectations of -0.1 to 53.0 and the fastest pace of expansion in 2-3/4 years.
The German Apr Markit/BME manufacturing PMI rose +0.5 to 54.2, better than expectations of +0.1 to 53.8. The Apr Markit/BME composite PMI unexpectedly rose +2.0 to 56.3, stronger than expectations of -0.3 to 54.0.
UK Mar public sector net borrowing increased by 4.9 billion pounds, less than expectations of 8.5 billion pounds.
UK Apr CBI trends total orders dropped -7 points to -1, weaker than expectations of +1 point to 7. Apr CBI business optimism rose +12 to 33, better than expectations of +4 to 25 and the highest in 41 years.
The China Apr HSBC manufacturing PMI rose +0.3 to 48.3, right on expectations.
U.S. STOCK PREVIEW
Today’s March new home sales report is expected to show an increase of +2.3% to 450,000, recovering somewhat from the -3.3% decline to 440,000 seen in February. The Treasury today will sell $35 billion of 5-year T-notes. There are 41 of the S&P 500 companies that report earnings today. Notable reports include Apple (consensus $10.17), Facebook ($0.24), Texas Instrument (0.41), Procter & Gamble (1.02), General Dynamics (1.64), Johnson Controls (0.65). There are no equity conferences during the remainder of this week.


OVERNIGHT U.S. STOCK MOVERS
Procter & Gamble (PG -0.38%) reported Q3 EPS of $1.04, higher than consensus of $1.02.
Northrop Grumman (NOC -1.98%) reported Q1 EPS of $2.63, much better than consensus of $2.15.
Yum! Brands (YUM +1.93%) gained almost 3% in after-hours trading after it reported Q1 EPS ex-items of 87 cents, higher than consensus of 85 cents, and said Q1 same-store-sales in its China division were up 9%.
Boeing (BA -0.21%) announced that Shandong Airlines commits to order fifty 737s.
W. R. Berkley (WRB +0.22%) reported Q1 EPS of $1.25, well ahead of consensus of 79 cents.
Illumina (ILMN +4.79%) rose 6% in after-hours trading after it reported Q1 adjusted EPS of 53 cents, stronger than consensus of 44 cents, and then raised guidance on fiscal 2014 EPS view to $2.10-$2.15, higher than consensus of $2.05.
International Game (IGT +0.50%) reported Q2 adjusted EPS of 20 cents, higher than consensus of 19 cents.
Discover (DFS -0.18%) reported Q1 EPS of $1.31, better than consensus of $1.25.
C.R. Bard (BCR -0.01%) reported Q1 adjusted EPS $1.91, higher than consensus of $1.84.
Skechers (SKX +2.64%) reported Q1 EPS of 61 cents, nearly double consensus of 33 cents.
FMC Technologies (FTI +0.18%) reported Q1 EPS of 57 cents, higher than consensus of 50 cents.
Covanta (CVA +1.18%) reported a Q1 adjusted EPS loss of -3 cents, five times better than consensus of a -15 cent loss.
Juniper (JNPR +1.85%) reported Q1 adjusted EPS of 29 cents, right on consensus, but reported Q1 revenue of $1.17 billion, better than consensus of $1.15 billion.
Amgen (AMGN +1.95%) lost nearly 3% in after-hours trading after it reported Q1 EPS of $1.87, below consensus of $1.94.
Gilead (GILD +1.76%) climbed nearly 4% in pre-market trading after it reported Q1 EPS of $1.48, well above consensus of 89 cents.
Cree (CREE +0.85%) reported Q3 EPS of 39 cents, better than consensus of 38 cents.
VMware (VMW +0.30%) reported Q1 EPS of 80 cents, higher than consensus of 79 cents.
AT&T (T +0.64%) fell over 2% in pre-market trading even after it reported Q1 adjusted EPS of 71 cents, better than consensus of 70 cents.
MARKET COMMENTS
June E-mini S&Ps (ESM14 -0.12%) this morning are down -2.25 points (-0.12%). The S&P 500 index on Tuesday climbed to a 2-week high and closed higher. Supportive factors included (1) the -0.2% decline in U.S. Mar existing home sales to 4.59 million, stronger than expectations of -1.0% to 4.56 million, (2) the +14 point increase in the Apr Richmond Fed manufacturing index to 7, stronger than expectations of +9 to 2, and (3) strength in drug makers that rallied on increased M&A activity as more than $28 billion in M&A deals bolstered speculation of more takeovers in the drug sector. Closes: S&P 500 +0.41%, Dow Jones +0.40%, Nasdaq +0.81%.
Jun 10-year T-notes (ZNM14 +0.15%) this morning are up +6.5 ticks. Jun 10-year T-note futures prices on Tuesday fell to a 2-week low and closed lower. Bearish factors included (1) the rally in stocks which reduced the safe-haven demand for Treasuries, and (2) supply pressures as the Treasury auctions $96 billion of T-notes this week. Closes: TYM4 -3.50, FVM4 -3.50.
The dollar index (DXY00 -0.22%) this morning is down -0.174 (-0.22%). EUR/USD (^EURUSD) is up +0.0038 (+0.28%). USD/JPY (^USDJPY) is down -0.36 (-0.35%). The dollar index on Tuesday closed lower after a rally in the S&P 500 to a 2-week high reduced the safe-haven demand for the dollar. EUR/USD closed higher after Eurozone Apr consumer confidence rose +0.6 to -8.7, better than expectations of unch at -9.3 and the highest in 6-1/2 years. Closes: Dollar index -0.040 (-0.05%), EUR/USD +0.0012 (+0.09%), USD/JPY +0.014 (+0.01%).
Jun WTI crude oil (CLM14 -0.14%) this morning is down -33 cents (-0.32%) at a 1-week low and Jun gasoline (RBM14 +0.09%) is up +0.0027 (+0.09%). Jun crude and gasoline prices on Tuesday closed lower with Jun crude oil at a 1-1/2 week low. The main bearish factor was long liquidation spurred on by expectations that weekly EIA crude inventories on Wed will climb by 3 million bbl to a new 9-1/2 month high, the thirteenth increase in the last fourteen weeks. Closes: CLM4 -1.90 (-1.83%). RBM4 -0.0003 (-0.01%).
GLOBAL EVENT CALENDAR04/23/2014
US0700 ETWeekly MBA mortgage applications, previous +4.3% with purchase sub-index +1.3% and refi sub-index +6.9%.
0945 ETMarkit Apr manufacturing PMI expected +0.5 to 56.0, Mar 55.5.
1000 ETMar new home sales expected +2.3% to 450,000, Feb -3.3% to 440,000.
1030 ETEIA Weekly Petroleum Status Report.
1300 ETTreasury auctions $35 billion 5-year T-notes.
GER0330 ETGerman Apr Markit/BME manufacturing PMI expected +0.1 to 53.8, Mar 53.7. Apr composite PMI expected 0.3 to 54.0, Mar 54.3.
EUR0400 ETEurozone Apr Markit manufacturing PMI expected unch at 53.0, Mar 53.0. Apr composite PMI expected -0.1 to 53.0, Mar 53.1.
UK0430 ETMinutes of the Apr 9-10 BOE policy meeting.
0430 ETUK Mar public sector net borrowing expected 8.5 billion pounds, Feb 7.5 billion pounds.
0600 ETUK Apr CBI trends total orders expected +1 to 7, Mar 6. Apr CBI trends selling prices expected -2 to 10, Mar 12. Apr CBI business optimism expected +4 to 25, Mar 21.
JPN1950 ETJapan Mar corporate service price index expected +0.7% y/y, Feb +0.7% y/y.
U.S. STOCK CALENDAR04/23/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Eaton Corp PLCETN US2:00Annual General MeetingY 2014
Air Products & Chemicals IncAPD USBef-mktQ2 2014 Earnings ReleaseQ2 20141.354
Northrop Grumman CorpNOC USBef-mktQ1 2014 Earnings ReleaseQ1 20142.152
Dr Pepper Snapple Group IncDPS USBef-mktQ1 2014 Earnings ReleaseQ1 20140.592
Praxair IncPX USBef-mktQ1 2014 Earnings ReleaseQ1 20141.508
Procter & Gamble Co/ThePG USBef-mktQ3 2014 Earnings ReleaseQ3 20141.017
Boeing Co/TheBA USBef-mktQ1 2014 Earnings ReleaseQ1 20141.542
Ryder System IncR USBef-mktQ1 2014 Earnings ReleaseQ1 20140.87
Thermo Fisher Scientific IncTMO USBef-mktQ1 2014 Earnings ReleaseQ1 20141.401
Dow Chemical Co/TheDOW USBef-mktQ1 2014 Earnings ReleaseQ1 20140.707
Biogen Idec IncBIIB USBef-mktQ1 2014 Earnings ReleaseQ1 20142.555
Delta Air Lines IncDAL USBef-mktQ1 2014 Earnings ReleaseQ1 20140.287
Gannett Co IncGCI USBef-mktQ1 2014 Earnings ReleaseQ1 20140.46
General Dynamics CorpGD USBef-mktQ1 2014 Earnings ReleaseQ1 20141.636
TE Connectivity LtdTEL USBef-mktQ2 2014 Earnings ReleaseQ2 20140.91
Johnson Controls IncJCI USBef-mktQ2 2014 Earnings ReleaseQ2 20140.649
Amphenol CorpAPH USBef-mktQ1 2014 Earnings ReleaseQ1 20140.957
Reynolds American IncRAI USBef-mktQ1 2014 Earnings ReleaseQ1 20140.738
EMC Corp/MAEMC US7:00Q1 2014 Earnings ReleaseQ1 20140.349
Ingersoll-Rand PLCIR US7:00Q1 2014 Earnings ReleaseQ1 20140.258
Norfolk Southern CorpNSC US8:00Q1 2014 Earnings ReleaseQ1 20141.148
Biogen Idec IncBIIB US8:00Q1 2014 Earnings CallQ1 2014
Avery Dennison CorpAVY US8:30Q1 2014 Earnings ReleaseQ1 20140.661
Procter & Gamble Co/ThePG US8:30Q3 2014 Earnings CallQ3 2014
Thermo Fisher Scientific IncTMO US8:30Q1 2014 Earnings CallQ1 2014
EMC Corp/MAEMC US8:30Q1 2014 Earnings CallQ1 2014
TE Connectivity LtdTEL US8:30Q2 2014 Earnings CallQ2 2014
Norfolk Southern CorpNSC US8:45Q1 2014 Earnings CallQ1 2014
Dow Chemical Co/TheDOW US9:00Q1 2014 Earnings CallQ1 2014
FMC Technologies IncFTI US9:00Q1 2014 Earnings CallQ1 2014
General Dynamics CorpGD US9:00Q1 2014 Earnings CallQ1 2014
Reynolds American IncRAI US9:00Q1 2014 Earnings CallQ1 2014
Yum! Brands IncYUM US9:15Q1 2014 Earnings CallQ1 2014
Lam Research CorpLRCX USAft-mktQ3 2014 Earnings ReleaseQ3 20141.165
Tractor Supply CoTSCO USAft-mktQ1 2014 Earnings ReleaseQ1 20140.369
Crown Castle International CorpCCI USAft-mktQ1 2014 Earnings ReleaseQ1 20141.12
Flowserve CorpFLS USAft-mktQ1 2014 Earnings ReleaseQ1 20140.746
Equifax IncEFX USAft-mktQ1 2014 Earnings ReleaseQ1 20140.868
E*TRADE Financial CorpETFC USAft-mktQ1 2014 Earnings ReleaseQ1 20140.228
Varian Medical Systems IncVAR USAft-mktQ2 2014 Earnings ReleaseQ2 20141.028
Facebook IncFB USAft-mktQ1 2014 Earnings ReleaseQ1 20140.24
Xilinx IncXLNX USAft-mktQ4 2014 Earnings ReleaseQ4 20140.552
AvalonBay Communities IncAVB USAft-mktQ1 2014 Earnings ReleaseQ1 20141.628
Assurant IncAIZ USAft-mktQ1 2014 Earnings ReleaseQ1 20141.553
Cigna CorpCI USAnnual General Meeting
Textron IncTXT USAnnual General Meeting