Monday, June 1, 2015

Brown-Forman - All Time High

Brown-Forman (BF.A) is the Barchart Chart of the Day.  The alcoholic beverage company has a Trend Spotter buy signal, a Weighted Alpha of 21.00+, gained 16.23% in the last year and paid a 1.23% dividend.

The Chart of the Day is Brown-Forman (BF.A).  I found the stock by sorting the All Time High list
for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend spotter signaled a buy on 4/2 the stock gained 15.73%.

Brown-Forman Corporation is a producer and marketer of fine quality beverage alcohol brands. The brands include Jack Daniel's, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra. They globally market and sell various categories of beverage alcohol products, such as Tennessee, Canadian, and Kentucky whiskies; Kentucky bourbons; California sparkling wine; tequila; table wine; liqueurs; vodka; and ready-to-drink products. They sell their wine and spirits brands either through wholesale distributors or in states that directly control alcohol sales, state governments that then sell to retail customers and consumers. Their main international markets are the U.K., Australia, Mexico, Poland, Germany, France, Spain, Italy, South Africa, China, Japan, Canada, and Russia.


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
  • 12 new highs and up 13.12% in the last month
  • Relative Strength Index 84.59%
  • Barchart computes a technical support level at 101.21
  • Recently traded at 106.15 with a 50 day moving average of 94.91
Fundamental factors:
  • Market Cap $22.37 billion
  • P/E 32.54
  • Dividend yield 1.23%
  • Revenue expected to grow 3.60% this year and decrease by 3.10% next year
  • Earnings estimated to increase 4.90% this year, an additional 7.80% next year and continue to increase at an annual rate of 7.50% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 3 buy, 8 hold and 2 under perform recommendations on the stock
The technical trading strategies that were reliable caused excessive trading, so I'd advise you to use a stop loss 10% below the last previous high to protect your gains.

The 5 Best Large Caps

Today I wanted to see which large cap stocks had the best technical buy signals, so I used Barchart to sort the S&P 500 Large Cap Index stocks.  I then used the Flipchart feature to review the charts.

Today's list includes Zoetis (ZTS), Eli Lilly (LLY), Johnson Controls (JCI), Gamestop (GME) and Ebay Inc (EBAY).

Zoetis (ZTS)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 11.88% in the last month 
  • Relative Strength Index 71.87%
  • Barchart computes a technical support level at 71.87%
  • Recently traded at 49.86 with a 50 day moving average of 46.75


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 8.71% in the last month
  • Relative Strength Index 81.00%
  • Barchart computes a technical support level at 74.63
  • Recently traded at 79.45 with a 50 day moving average of 73.32


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 3.23% in the last month
  • Relative Strength Index 62.76%
  • Barchart computes a technical support level at 51.53
  • Recently traded at 52.71 with a 50 day moving average of 50.62
Gamestop (GME)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and
  • 100 day moving averages
  • 8 new highs and up 10.88% in the last month
  • Relative Strength Index 68.77%
  • Barchart computes a technical support level at 42.30
  • Recently traded at 73.44 with a 50 day moving average of 39.90
Ebay Inc (EBAY)


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 5.80% in the last month
  • Relative Strength Index 70.78%
  • Barchart computes a technical support level at  59.83
  • Recently traded at 62.54 with a 50 day moving average of 58.33








BARCHART MORNING CALL 6/1

OVERNIGHT MARKETS AND NEWS
June E-mini S&Ps (ESM15 +0.23%) this morning are little changed, down -0.06% ahead of U.S. economic data on May ISM manufacturing and Apr personal spending that are expected to show a pickup in growth. European stocks are up +0.02& as they hover just above a 2-week low. Gains in European stocks were limited as Greece's debt payment deadlines draw closer amid a standoff with creditors. Asian stocks closed mixed: Japan +0.03%, Hong Kong +0.63%, China +4.71%, Taiwan -0.78%, Australia -0.72%, Singapore closed for holiday, South Korea -0.63%, India +0.07%. Chinese stocks closed sharply higher after a gauge of Chinese manufacturing activity expanded or a third month. Another positive for Chinese stocks was a report from people familiar with the situation that China was considering doubling the size of a local bond-swap program to 1 trillion yuan ($81 billion) from 500 billion yuan that would be authorized to swap bonds issued by provinces and cities in an attempt to clean up local government finances. The bond-swap program includes inducements for banks to buy new, longer-maturity bonds that may alleviate a funding crunch among Chinese provinces that had threatened to deepen China's economic slowdown.
Commodity prices are mostly lower. Jul crude oil (CLN15 -1.19%) is down -1.04% and Jul gasoline (RBN15 -0.67%) is down -0.61. Metals prices are weaker. Aug gold (GCQ15 -0.26%) is down -0.31% and Jul copper (HGN15 -0.38%) is down -0.24%. Agricultural prices are lower.
The dollar index (DXY00 +0.44%) is up +0.46%. EUR/USD (^EURUSD) is down -0.56%. USD/JPY (^USDJPY) is down -0.07%.

Sep T-note prices (ZNU15 -0.24%) are down -8 ticks.
Speaking at an event in Beijing, San Francisco Fed President John Williams said the U.S. economy is "basically in a good place," and he doesn't worry about a strong dollar weakening U.S. growth. He added that long-term interest rates are expected to rise and to be more normal in the next few years.
The China May manufacturing PMI rose +0.1 to 50.2, weaker than expectations of +0.2 to 50.3. The May non-manufacturing PMI fell -0.2 to 53.2, the slowest pace of expansion in 6-1/3 years.
U.S. STOCK PREVIEW
Key U.S. reports today include: (1) Apr personal spending (expected +0.2% after March's +0.4%) and Apr personal income (expected +0.3% after March's unchanged), (2) Apr PCE deflator (expected +0.2% y/y after March's +0.3% y/y) and Apr PCE core deflator (+1.3% y/y after March's +1.3% y/y), (3) a speech by Boston Fed President Eric Rosengren at the 2015 Workforce Stars Breakfast in Hartford, CT, (4) Apr construction spending (expected +0.7% m/m after March's -0.6% m/m), (5) May ISM manufacturing index (expected +0.5 to 52.0 after April's unchanged at 51.5), and (6) final-May Markit manufacturing PMI (expected unrevised at 53.8 vs prelim-May -0.3 to 53.8).
There is 1 of the Russell 1000 companies that reports earnings today: PVH Corp (consensus $1.38).
U.S. IPO's scheduled to price today include: none.
Equity conferences today include: Stifel Financial Corp WasteExpo Inestor Summit on Mon, American Society of Clinical Oncology Meeting on Mon-Tue, Andean Institutional Real Estate Forum on Mon-Tue, RBC - Conference: Global Energy & Power Executive Conference - New York on Mon-Tue, Jefferies Global Healthcare Conference on Mon-Wed, Bank of America Merrill Lynch Global Telecom & Media Conference on Tue, Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference on Tue, Keefe, Bruyette, & Woods Mortgage Finance Conference on Tue, RBC Global Energy Conference on Tue, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Deutsche Bank Global Financial Services Investor Conference on Tue-Wed, KBW Asset Management and Capital Markets Conference on Wed, Sandler O'Neill & Partners Global Exchange and Brokerage Conference on Wed, Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, FBN Securities: Field Trip - 8th Semi-Annual Silicon Valley Tour on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, Morgan Stanley Leveraged Finance Conference on Thu.
OVERNIGHT U.S. STOCK MOVERS
Juniper (JNPR +0.54%) was downgraded to 'Sell' from 'Neutral' at MKM Partners.
Wells Fargo said it sees a potential for 75% upside in DISH (DISH +0.70%) shares.
Duke Energy (DUK -0.29%) was upgraded to 'Outperform' from 'Market Perform' at Bernstein.
Verifone (PAY +0.37%) was upgraded to 'Outperform' from 'Market Perform' at Raymond James.
Enbridge (ENB -1.40%) and Boyd Gaming (BYD -0.28%) were both upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
Coca-Cola (KO -0.44%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
According to DigiTimes, data from Gartner showed Q1 global server shipments up 13% y/y.
Citigroup (C -0.86%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Altera (ALTR +4.00%) jumped over 6% in pre-market trading after people familiar with the matter said that Intel INTC is near a deal to acquire the chipmaker.
Stonepine Capital reported a 5.2% passive stake in Aegerion (AEGR -1.02%) .
O'Reilly Automotive (ORLY -1.41%) increased its stock repurchase authorization by $500 million to $5.5 billion.
Ryanair (RYAAY -2.06%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
Point72 reported a 5.0% passive stake in Achillion (ACHN +5.89%) .
MARKET COMMENTS
June E-mini S&Ps (ESM15 +0.23%) this morning are down -1.25 points (-0.06%). Friday's closes: S&P 500 -0.63%, Dow Jones -0.64%, Nasdaq -0.60%. The S&P 500 on Friday settled lower on the unresolved Greek situation and on the unexpected -6.1 point drop in the May Chicago PMI to 46.2, weaker than expectations of +0.7 to 53.0. Stocks found some support from the final-May U.S. consumer sentiment index, which rose +2.1 to 90.7, stronger than expectations of +0.9 to 89.5.
Sep 10-year T-notes (ZNU15 -0.24%) this morning are down -8 ticks. Friday's closes: TYU5 +9.50, FVU5 +6.50. Sep 10-year T-notes on Friday rallied to a 1-month high on ideas the Fed will be forced to delay a rate hike after Q1 GDP was revised lower to -0.7% from +0.2% and the Chicago PMI was expectedly weak at -6.1 points to 46.2. T-notes also found some carry-over support from a rally in German bunds to a 3-week high on the unresolved Greek debt crisis.
The dollar index (DXY00 +0.44%) this morning is u[ +0.443 (+0.46%). EUR/USD (^EURUSD)is down -0.0062 (-0.56%). USD/JPY (^USDJPY) is down -0.09 (-0.07%). Friday's closes: Dollar Index -0.058 (-0.06%), EUR/USD +0.00413 (+0.38%), USD/JPY +0.153 (+0.12%). The dollar index on Friday closed lower on talk of a delayed Fed rate hike after the downward revision for U.S. Q1 GDP to -0.7% and the unexpected -6.1 point decline in the May Chicago PMI.
July WTI crude oil (CLN15 -1.19%) this morning is down 63 cents (-1.04%). July gasoline (RBN15 -0.67%) is down -0.0126 (-0.61%). Friday's closes: CLN5 +2.62 (+4.54%), RBN5 +0.0922 (+4.68%). Jul crude oil and gasoline on Friday settled sharply higher on the weaker dollar and on the EPA's cut in its corn ethanol mandate levels to 13.4 billion gallons 2015 and 14 billion gallons for 2016 (from 15 billion gallons), which will increase U.S. gasoline usage levels.
GLOBAL EVENT CALENDAR06/01/2015
US0830 ETApr personal spending expected +0.2%, Mar +0.4%. Apr personal income expected +0.3%, Mar unch.
0830 ETApr PCE deflator expected +0.1% m/m and +0.2% y/y, Mar +0.2% m/m and +0.3% y/y. Apr PCE core deflator expected +0.2% m/m and +1.3% y/y, Mar +0.1% m/m and +1.3% y/y.
0905 ETBoston Fed President Eric Rosengren speaks from a prepared text at the 2015 Workforce Stars Breakfast in Hartford, CT.
0945 ETFinal-May Markit manufacturing PMI expected unrevised at 53.8, prelim-May -0.3 to 53.8.
1000 ETApr construction spending expected +0.7% m/m, Mar -0.6% m/m.
1000 ETMay ISM manufacturing index expected +0.5 to 52.0, Apr unch at 51.5. May ISM new orders, Apr +1.7 to 53.5. May ISM employment, Apr -1.7 to 48.3. May ISM prices paid expected +2.5 to 43.0, Apr +1.5 to 40.5.
1100 ETUSDA weekly grain export inspections.
1600 ETUSDA weekly crop progress.
JPN0100 ETJapan May vehicle sales, Apr +5.0% y/y.
2130 ETJapan Apr labor cash earnings expected +0.4% y/y, Mar unch y/y. Apr real cash earnings, Mar -2.7% y/y.
GER0355 ETRevised German May Markit/BME manufacturing PMI, previous -0.7 to 51.4.
0800 ETGerman May CPI (EU harmonized) expected unch m/m and +0.6% y/y, Apr -0.1% m/m and +0.3% y/y.
EUR0400 ETRevised Eurozone May Markit manufacturing PMI, previous +0.3 to 52.3.
UK0430 ETUK May Markit manufacturing PMI expected +0.6 to 52.5, Apr 51.9.
U.S. STOCK CALENDAR06/01/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
American Water Works Co IncAWK US8:45Annual General Meeting - Second CallY 2015
Wendy's Co/TheWEN US10:00Annual General Meeting
Wendy's Co/TheWEN US10:00Annual General Meeting
Staples IncSPLS US16:00Annual General Meeting
PVH CorpPVH USAft-mktQ1 2016 Earnings ReleaseQ1 20161.384
Windstream Holdings IncWIN USAft-mktTalen Energy Replaces Windstream Holdings in S&P MidCap 400
Arthur J Gallagher & CoAJG USAnnual General Meeting
Questar CorpSTR USRoadshow - Europe - Day 1Y 2015
UnitedHealth Group IncUNH USAnnual General Meeting
Hospitality Properties TrustHPT USAnnual General Meeting - Proxy Fight
Arista Networks IncANET USAnnual General Meeting

Friday, May 29, 2015

Palo Alto Networks - Barchart's Chart of the Day

The Chart of the Day belongs to Palo Alto Networks (PANW).  The computer peripheral equipment stock has a Trend Spotter buy signal, a Weighted Alpha of 112.10+ and gained 137.68% in the last month,

The Chart of the Day belongs to Palo Alto Networks (PANW).  I found the stock by sorting the Top Signal Stocks for the best technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a  buy on 5/14 the stock gained 8.24%.

Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks. The core of its platform is the Company's firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture. It serves the enterprise network security market, which consists of Firewall, Unified Threat Management, Web Gateway, Intrusion Detection and Prevention, and Virtual Private Network technologies. Palo Alto Networks, Inc. is headquartered in Santa Clara, California.


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

Barchrat technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 8.68% in the last month
  • Relative Strength Index 67.70%
  • Barchart computes a technical support level at 158.63
  • Recently traded at 167.35 with a 50 day moving average of 150.24
Fundamental factors:
  • Market Cap $13.45 billion
  • Revenue expected to grow 50.30% this year and another 34.30% next year
  • Earnings estimated to increase 107.50% this year, an additional 90.40% next year and continue to increase at an annual rate of 49.40% for the next 5 years
  • Wall Street analysts  issued 11 strong buy, 14 buy and 5 hold recommendations on the stock
The 20-50 day MACD Oscillator has been an extremely good technical trading strategy on this stock and should continue to be used to find entry and exit points.

Thursday, May 28, 2015

IMAX Corp - All Time High

Imax Corp (IMAX) is the Barchart Chart of the Day.  The movie and TV production and distribution company has a Trend Spotter buy signal, a Weighted Alpha of 64.41+ and gained 60.47% in the last year.

The Chart of the Day belongs to IMAX Corp (IMAX).  I found the stock by sorting today's All Time High list for the stocks having he best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/6 the stock gained 7.99%.

Imax Corporation is an entertainment technology company, with particular emphasis on film and digital imaging technologies including giant-screen images, 3D presentations, post-production and digital projection. They design and manufacture projection and sound systems for giant-screen theaters and are a producer and distributor of films for giant-screen theaters. They also design and manufacture high performance digital image delivery systems in the form of digital projectors capable of projecting quality images on large screens from any video, computer or HDTV source.


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
  • 7 new highs and up 9.92% in the last month
  • Relative Strength Index 76.83%
  • Barchart computes a technical support level at 38.18
  • Recently traded at 41.40 with a 50 day moving average of 36.59
Fundamental factors:
  • Market Cap $ 2.89 billion
  • P/E 68.88
  • Revenue expected t grow 22.20% this year and another 7.60% next year
  • Earnings estimated to increase 54.70% this year, an additional 16.40% next year and continue to increase at an annual rate of 19.90% for the next 5 years
  • Wall Street analysts issued 4 strong buy, 7 buy, 3 hold and 1 under perform recommendation on the stock
I would recommend you use a trailing stop loss 10% below the most recent high to preserve you gains.

Wednesday, May 27, 2015

Cytec Industries - All Time High

Cytec Industries (CYT) is the Barchart Chart of the Day.  The chemical products company has a Trend Spotter buy signal, a Weighted Alpha of 29.60+, gained 23.12% in the last year and paid a .85% dividend.

The Chart of the Day belongs to Cytec Industries (CYT).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/19 the stock gained 14.74%.

Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products with sales. The company's products serve a diverse range of end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics. The Company use its technology and application development expertise to create chemical and material solutions that are formulated to perform specific and important functions in the finished products of their customers.


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 signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 7..98% in the last month
  • Relative Strength Index 73.25%
  • Barchart computes a technical support level at 58.18
  • Recently traded at 60.47 with a 50 day moving average of 55.51
Fundamental factors:
  • Market Cap $4.32 billion
  • P/E 19.18
  • Dividend yield .85%
  • Revenue expected to row 5.90% this year and another 7.80% next year
  • Earnings estimated to increase 10.80% this year, an additional 14.30% next year and continue to compound annually at a rate of 10.52% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy and 3 hold recommendations on the stock.
None of the regular technical trading strategies have been reliable on this stock so I would recommend you use a trailing stop loss 10% the most recent high.

Monday, May 25, 2015

Eagle Pharmaceutical - All Time High

Eagle Pharmaceutical (EGRX) is the Barchart Chart of the Day. The specialty pharmaceutical company has a Trend Spotter buy signal, a Weighted alpha of 346.82+ and gained 592.99% in the last year.

The Chart of the Day belongs to Eagle Phamaceutical (EGRX).   I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled another buy on 5/4 the stock gained 11.78%.

Eagle Pharmaceuticals, Inc. is a specialty pharmaceutical company. It focuses on developing and commercializing injectable products primarily in the critical care and oncology areas in the United States. The Company markets EP-1101 to treat heparin-induced thrombocytopenia. It develops EP-3101, EP-3102, Ryanodex and EP-4104. Eagle Pharmaceuticals, Inc. is based in Woodcliff Lake, New Jersey.



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
  • 5 new highs and up 7.89% in the last month
  • Relative Strength Index 69.84%
  • Barchart computes a technical support level at 60.39
  • Recently traded at 65.28 with a 50 day moving average of 52.52
Fundamental factors:
  • Market Cap $ 994.21 million
  • P/E 1,066
  • Revenue expected to grow 169.90% next year
  • Earnings estimated to increase 653.30% next year
  • Wall Street analysts issued 1 strong buy and 2 buy recommendations on the stock
The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock.  As with any high flyer like this I'd advise you to use a trailing loss to protect your gains.

Friday, May 22, 2015

Corium International - All Time High

Corium International (CORI) is the Barchart Chart of the Day.  The generic drug company has a Trend Spotter buy signal, a Weighted Alpha of 119.71+ and gained 83.10% in the last year.

The Chart of the Day belongs to Corium International (CORI).  I found the stock by sorting today's All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/29 the stock gained 42.7%.

Corium International, Inc. is a commercial-stage biopharmaceutical company. It is focused on the development, manufacture and commercialization of specialty pharmaceutical products that leverage advanced technologies in transdermal and transmucosal delivery systems. Corium has developed six marketed products in the prescription drug and consumer markets: Clonidine Transdermal Delivery System for hypertension, Fentanyl TDS for chronic pain and four Crest Advanced Seal Whitestrips products. The company has two proprietary transdermal technology platforms with applications in multiple drug categories and indications: Corplex(TM) and MicroCor(R). Corium International, Inc. is headquartered in Menlo Park, California.


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
  • 15 new highs and up 48.67% in the last month
  • Relative Strength Index 78.72%
  • Barchart computes a technical support level at 11.04
  • Recently traded at 12.89 with a 50 day moving average of 8.52
Fundamental factors:
  • Market Cap $232.92 million
  • Revenue expected to grow 1.70% this year and another 26.60% next year
  • Earnings estimated to increase 14.50% this year and an additional 30.60% next year
  • Wall Street analysts issued 3 strong buy recommendations on the stock
The most reliable technical trading strategy for this stock has been the price vs the 100 day moving average.

Thursday, May 21, 2015

Omnicare - All Time High

Omnicare (OCR) is the Barchart Chart of the Day.  The medical services company has a Trend Spotter buy signal, a Weighted Alpha of 61.97+, gained 53.57% last year and paid a .95% dividend.

The Chart of the Day belongs to Omnicare (OCR).  I found the stock by sorting today's All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy in 3/18 the stock gained 21.95%.

Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities and other chronic care settings comprising beds in fourteen states, the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings. Omnicare's pharmacy services also include distribution and patient assistance services for specialty pharmaceuticals. Omnicare offers clinical research services for the pharmaceutical and biotechnology industries in thirty countries worldwide.



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
  • 9 new highs and up 18.32% in the last month
  • Relative Strength Index 82.24%
  • Barchart computes a technical support level at 91.50
  • Recently traded at 95.92 with a 50 day moving average of 82.80
Fundamental factors:
  • Market Cap $9.29 billion
  • P/E 24.05
  • Dividend yield .95%
  • Revenue expected to grow 4.70% this year and another 6.00% next year
  • Earnings estimated to increase by 11.80% this year, an additional 10.80% next year and continue to increase at an annual rate of 13.15% for the next 5 years
  • Wall Street analysts issued 1 strong buy , 5 buy and 3 hold recommendations on the stock
The most reliable technical trading strategy on this stock has been the 100 day moving average vs. the price.  I'd recommend you continue to use it to gauge entry and exit points.


Wednesday, May 20, 2015

Waters Corp - All Time High

Waters Corp (WAT) is the Barchart Chart of the Day.  The analytical instrument company has a Trend Spotter buy signal, a Weighted Alpha of 38.10+ and gained 33.45% in the last year.

The Chart of the Day belongs to Waters Corp (WAT).   I found the stock by sorting today's All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 4/28 the stock gained 7.30%.

Waters Corporation is a holding company which owns only and all of the outstanding common stock of Waters Technologies Corporation, the operating subsidiary. It operates in the analytical instrument industry, with manufacturing and distribution expertise in three complementary technologies: high performance liquid chromatography instruments, chromatography columns and other consumables, and related service; mass spectrometry instruments that can be integrated and used along with other analytical instruments; and thermal analysis and rheology instruments.



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
  • 8 new highs and up 8.66% in the last month
  • Relative Strength Index 77.38%
  • Barchart computes a technical support level at 131.53
  • Recently traded at 134.76 with a 50 day moving average of 125.64
Fundamental factors:
  • Market Cap $11.14 billion
  • P/E 22.67
  • Revenue expected to grow .70% this year and another 5.90% next year
  • Earnings estimated to increase 5.50% this year, an additional 9.50% next year and continue to increase at an annual rate of 9.13% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 2 buy, 16 hold and 1 under perform recommendations on the stock
None of the regular technical trading strategies have been reliable on this stock so I'd recommend you use a moving stop loss 10% below the most recent high.