Saturday, September 29, 2012

Cytrx - CTRY - Sell Signals

Today I deleted Cytrx (CYTR) for the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 88% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Lost 9.70% in the last month
  • 34.00% off its 1 year high
  • Relative Strength Index 32.03%


Allergan - AGN - Chart of the Day

Today's  Chart of the Day was chosen by Jim Van Meerten author of Barchart Portfolio Blogs.  You will notice a slightly different format but the selection criteria will stay the same.  Today's chart is Allergan (AGN).  The stock was chosen by using the S&P 500 Large Cap Stock Index and sorting for the stocks having made the most frequent new highs in the past month.

The new chart will contain:

  • The price the stock traded at for the last 6 month
  • The 20, 50 and 100 day moving averages
  • The Trend Spotter signal
  • The 14 day Turtle Channel

Barchart technical indicators:
  • 80% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.30% in the last  month
  • Relative Strength Index 64.62%
  • Barchart computes a technical support level at 90.66
  • Recently traded at 91.58 with a 50 day moving average of 87.00
Fundamental factors:
  • Analysts project revenue will increase by 7.40% this year and 8.10% next year
  • Earnings are estimated to increase by 14.20% this year, another 14.10% next year and continue at an annual rate of increase of 13.58% for the next 5 years
  • P/E ratio is 23.92
  • Dividend rate is .22%
  • Financial Strength ranking of A+
  • 12 strong buy
  • 3 moderate buy
  • 9 hold
  • No moderate sell or sells
Link to the stock's Barchart home page:  Allergan (AGN)
From the link using the sidebar tabs you can access all the data Barchart has assembled and organized for your review.

Disclosure:  This is not a buy recommendation.  Please review all the data Barchart has assembled and organized for you before deciding if this stock is suitable to be included in your individual investment portfolio.


Friday, September 28, 2012

3 Stocks Hitting New Highs

Today I reviewed the Barchart list of stocks hitting new highs and sorted to find 3 that were up more than 50% of the days in the last month and found AEP Industries (AEPI), Nektar Therapeutics (NKTR) and PDF Solutions (PDFS):

AEP Industries (AEPI)


  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 22 new highs and up 22.60% in the last month
  • Relative Strength Index 94.60%
  • Barchart computes a technical support level at 58.98
  • Recently traded at 60.60 with a 50 day moving average of 50.56
Nektar Therapeutics (NKTR)


  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 26.27% in the last month
  • Relative Strength Index 77.91%
  • Barchart computes a technical support level at 10.35
  • Recently traded at 10.65 with a 50 day moving average of 8.84
PDF Solutions (PDFS)


  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 10.61% in the last month
  • Relative Strength Index 80.34%
  • Barchart computes a technical support level at 13.33
  • Recently traded at 13.55 with a 50 day moving average of 11.46






Barchart Morning Call 8/28


Overnight Developments
  • Dec E-mini S&Ps this morning are mildly lower by -0.26% on the -0.46% sell-off in European stocks, some nervousness ahead of today's release of the Spanish bank stress tests, and today's -1.3% m/m decline in Japanese industrial production. Japanese stocks closed -0.89% but other key Asian stock markets closed higher. Commodity prices are slightly higher by +0.09% this morning with Nov crude oil +0.14%, Dec gold +0.08%, Dec copper +0.29%, and agricultural prices trading mostly lower. The dollar index is slightly lower by -0.03%. Sep 10-year T-note prices are up 8 ticks.
  • The Chinese stock market closed higher today by +1.84% even though there was no announcement of the market support measures that were rumored on Thursday. The Chinese markets are closed next week for a holiday. The Chinese central bank this week injected a huge 365 billion yuan ($58 billion) into the financial system to ease banks through the end-quarter statement date and next week's holiday.
  • The Spanish 10-year bond yield, which fell 12 bp to 5.91% yesterday, rose back above 6.00% today as the market awaits today's results of the Spanish bank stress tests, which will provide a final bailout figure for Spanish banks. The latest estimate of 62 billion euros could be revised lower. Spain already has a line of credit for up to 100 billion to clean up its banks but the details of how the bailout will be structured are still up in the air.
  • The German Aug retail sales report of +0.3% m/m and -0.8% y/y was slightly stronger than market expectations of +0.2% m/m and -0.9% y/y.
  • The Eurozone Sep CPI of +2.7% y/y was up from +2.6% in Aug and was stronger than market expectations of +2.4% y/y.
  • The UK Sep GfK consumer confidence index report of -28 was in line with market expectations and up by 1 point from -29 in August.
  • Japan's Aug unemployment rate fell to 4.2% from 4.3% in July, which showed a slightly stronger labor market than market expectations for a report of unchanged.
  • Japan's Aug national CPI of -0.4% y/y was unchanged from July and was slightly stronger than market expectations for a decline to -0.5% y/y. The Tokyo Sep CPI of -0.7% y/y was unchanged from August's -0.7% y/y and was slightly weaker than market expectations of -0.6% y/y.
  • Japan's Aug retail trade report of +1.5% m/m and +1.8% y/y was much stronger than market expectations of -0.3% m/m and -0.3% y/y.
  • Japan's Aug industrial production report of -1.3% m/m and -4.3% y/y was much weaker than market expectations of -0.5% m/m and -3.4% y/y.
  • China's Communist Party will hold its 18th congress starting Nov 8 where Vice President Xi Jinping is expected to take over from President Hu Jintao as party general secretary and then become China's president next year. The once-a-decade leadership change is thought to be holding up Chinese stimulus measures.
    Market Comments
    • Dec E-mini S&Ps this morning are mildly lower by -3.75 points (-0.26%) due to the 0.46% sell-off in the Euro Stoxx 50 index and today's unexpected 1.3% drop in Japanese industrial production. The poor Japanese industrial production report was tied once again in part to weaker Chinese and European economic growth. The S&P 500 index on Thursday closed moderately higher: S&P 500 +0.96%, Dow Jones +0.54%, Nasdaq 100 +1.44%. Bullish factors included speculation that China will soon announce a major fiscal stimulus program, relief that Spanish Prime Minister Rajoy plans to plow ahead with his 2013 austerity budget, and the -26,000 decline in initial unemployment claims. The market shook off bearish U.S. economic data that included the downward revision in Q2 GDP to +1.3% from +1.7%, the 13.2% plunge in Aug durable goods orders (although Aug non-defense capital goods orders excluding defense rose +1.1%, which is the more specific indicator of capital spending), and the 2.6% decline in Aug pending home sales.
    • Dec 10-year T-notes this morning are up 8 ticks due to weak U.S. and European stock index markets. Dec 10-year T-note prices on Thursday closed moderately lower and fell from Wednesday's 3-week high: TYZ2 -5, FVZ2 -0.75. T-note prices were undercut by reduced safe-haven demand with the rally in global stocks and improved sentiment on Spain.
    • The dollar index this morning is slightly lower by -0.03 points (-0.03%), while EUR/USD is up +0.0009 (+0.07%) and USD/JPY is virtually unchanged. The dollar index on Thursday closed mildly lower: Dollar index -0.33 (-0.41%), EUR/USD +0.0040 (+0.31%), USD/JPY -0.14 (-0.18%). The dollar index was undercut by reduced safe-haven demand with the rally in global stocks. EUR/USD was boosted by Spanish Prime Minister Rajoy's presentation of his 2013 budget that will cut the budget deficit to the 2013 target of 4.5% of GDP from the 2012 target of 6.3% of GDP.
    • Nov WTI crude oil prices this morning are up +0.13 (+0.14%) and Nov gasoline is up +0.0214 (+0.74%). Nov crude oil and gasoline prices on Thursday closed higher: CLX2 +2.11 (+2.34%), RBV2 +0.0263 (+0.92%). Crude oil and gasoline prices rallied on (1) the weaker dollar, (2) improved economic sentiment with the global rally in stocks and the speculation about a major Chinese stimulus program, and (3) technical strength with short-covering in crude oil and a new 1-1/2 year high in gasoline prices. Gasoline prices have rallied sharply in the past week due to a particularly tight gasoline inventory situation in the Northeast where inventories have dropped to a 4-year low. That low inventory level is due to refinery closures in the U.S., Canada and the UK and a drop in U.S. gasoline imports to a 10-year low for this time of year.
    • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
      Today's U.S. Earnings Reports Earnings reports (ranked by market cap): WAG-Walgreen (Consensus:$0.56), FINL-Finish Line (0.44), AM-American Greeting (0.14).
      Global Financial Calendar
      Friday 9/28/12
      United States
      0830 ET Aug personal income expected +0.2% m/m, July +0.3% m/m. Aug personal spending expected +0.5% m/m, July +0.4% m/m.
      0830 ET Aug PCE deflator expected +0.5% m/m and +1.5% y/y, July unchanged m/m and +1.3% y/y. Aug core PCE deflator expected +0.1% m/m and +1.6% y/y, July unchanged and +1.6% y/y.
      0830 ET USDA Quarterly Grain Stocks report.
      0900 ET Sep Milwaukee NAPM index, Aug 42.9.
      0945 ET Sep Chicago Purchasing Managers index expected unch at 53.0, Aug -0.7 to 53.0.
      0955 ET Final-Sep U.S. consumer confidence index (University of Michigan) expected -0.2 to 79.0, early-Sep +4.9 to 79.2.
      1500 ET USDA quarterly Hog & Pigs report.
      Japan
      0000 ET Japan Aug vehicle production, July +16.7% y/y.
      0100 ET Japan Aug construction orders, July +8.0% y/y.
      0100 ET Japan Aug housing starts expected -7.5% y/y at 872,000, July -9.6% y/y at 870,000.
      United Kingdom
      0430 ET UK July index of services expected +1.5% m/m and +0.1% 3mo/3mo, June -1.7% m/m and -0.1% 3mo/3mo.
      0500 ET Eurozone Sep CPI, Aug +2.6% y/y.
      Germany
      0200 ET German Aug retail sales expected +0.2% m/m and -0.9% y/y, July -1.0% m/m and -1.0% y/y.
      Euro-Zone
      0500 ET Eurozone Sep CPI expected +2.4% y/y, Aug +2.6% y/y.
      CHI
      2230 ET China Sep HSBC manufacturing PMI, Aug 47.6.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Express Scripts - ESRX - Barchart Chart of the dAY

Thursday, September 27, 2012

Barchart Morning Call 9/27


Overnight Developments
  • Dec E-mini S&Ps this morning are moderately higher by +0.58% on a rally in European and Asian stocks on speculation that the Chinese government may be close to announcing a new fiscal stimulus program and stock support measures. The Euro Stoxx 50 is up +0.67% this morning. Asian stocks closed higher nearly across the board with Japan +0.48%, Hong Kong +1.14%, and China's CSI 300 +3.06%. Commodity prices are up +0.20% with Nov crude oil +0.91%, Dec gold +0.19%, Dec copper +0.58%, and agricultural prices trading mostly lower. The dollar index is mildly lower by -0.15%. Sep 10-year T-notes are down 9.5 ticks.
  • Chinese stocks rallied today on a report by the Shanghai Securities News that the China's Securities Regulatory Commission would announce 10 new measures to support stock prices. There were also rumors that China might announce a large fiscal stimulus program after China National Day on Oct 1.
  • The Spanish 10-year bond yield today rose by 1 bp to 6.04% after yesterday's 32 bp surge to 6.03%. Spanish Prime Minister Rajoy today presented his 2013 austerity budget that cuts the deficit by another 18 billion euros. Protesters in Madrid marched for a second night to protest austerity.
  • The UK Q2 GDP was revised slightly higher to -0.4% q/q from -0.5% q/q but the year-on-year figure was left unchanged at -0.5% y/y.
  • Germany's Sep unemployment rose +9,000, which slightly less than the expected +10,000. The German Sep unemployment rate of 6.8% was unchanged from Aug and was in line with market expectations.
  • The Eurozone confidence indexes were a little weaker than market expectations. The Eurozone economic confidence index of 85.0 was a little weaker than market expectations and the Aug report of 86.1. The Sep industrial confidence index of -16.1 was down from Aug's -15.3 and was weaker than market expectations of -15.0. The Sep services confidence index of -12.0 was weaker than market expectations of -11.1 and was weaker than market expectations of -10.8.
    Market Comments
    • Dec E-mini S&Ps this morning are up +8.25 (+0.58%) on some short-covering after recent losses, the rally in European and Asian stocks, and the speculation about a new Chinese fiscal stimulus program. The S&P 500 index on Wednesday closed moderately lower and posted a new 2-week low: S&P 500 -0.57%, Dow Jones -0.33%, Nasdaq 100 -0.82%. Bearish factors included (1) the weaker-than-expected U.S. new home sales report of -0.3%, (2) the worsening Japan-China territorial conflict over the islands in the East China Sea which is putting a dent in both country's economies, and (3) increased concerns about Europe with general strikes and street protests.
    • Dec 10-year T-notes this morning are down 9.5 ticks as the rally in stocks has sapped safe-haven demand. Dec 10-year T-note prices on Wednesday posted a new 3-week high and closed moderately higher: TYZ2 +15, FVZ2 +5.75. T-note prices received a boost from the weaker-than-expected new home sales report of -0.3%, the continued slide in global stocks, and increased safe-haven demand with the street protests and social unrest in Spain and Greece.
    • The dollar index this morning is mildly lower by -0.12 points (-0.15%) on reduced safe-haven demand with the rally in stocks. EUR/USD little changed while USD/JPY is down -0.07 (-0.09%). The dollar index on Wednesday closed higher: Dollar index +0.27 (+0.34%), EUR/USD -0.0026 (-0.20%), USD/JPY -0.05 (-0.06%). The dollar index continued to rally on increased safe-haven demand with the sell-off in global stocks and with the social unrest in Spain and Greece. That social unrest is making it more difficult for those nations to meet Eurozone austerity measures and qualify for bailout aid. The Eurozone debt crisis took a turn for the worse on Wednesday after Germany, the Netherlands, and Finland sent out a letter saying that governments should handle bank bailouts before the ESM bailout facility, raising questions about whether the ESM can be used to help bail out Spain's banks.
    • Nov WTI crude oil prices this morning are up +0.82 (+0.91%) and Nov gasoline is up +0.0267 (+0.93%) on the slightly lower dollar and the rally in global stocks. Nov crude oil and gasoline prices on Monday closed mixed: CLX2 -1.39 (-1.52%), RBV2 +0.0514 (+1.82%). Crude oil continued to see weakness on the higher dollar, lower global stocks, and concern about the global economy. Crude oil prices were unable to get much support from the bullish news that DOE U.S. crude oil inventories fell by 2.446 million barrels versus expectations for an increase of +2.0 million barrels. Gasoline inventories fell -481,000 barrels (versus expectations of +500,000 barrels) and distillate inventories fell 482,000 barrels (versus expectations of a +900,000 barrel increase). Gasoline prices rallied sharply for the second consecutive day on tight gasoline inventories in the northeast and California. Gasoline inventories in the northeast, which includes the NY Harbor where Nymex gasoline is priced, fell to a 4-year low due to refinery closures in the U.S., Canada and the UK. Gasoline imports into NY harbor have dropped sharply and hit a 10-year low for this time of year due to refinery shutdowns in the UK for autumn maintenance. U.S. gasoline imports also continue to be undercut by the low 60% operating rate of Venezuela's largest refinery after the Aug 25 explosion and fire. Meanwhile, gasoline inventories on the west coast (Padd 5 region) fell to a 6-week low.
    • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
      Today's U.S. Earnings Reports Earnings reports (ranked by market cap): ACN-Accenture (Consensus:$0.88), NKE-Nike (1.13), DFS-Disover Financial (1.03), MKC-McCormick (-0.76), MU-Micron Technology (-0.24%), GPN-Global Payments (0.87), ATU-Actuant Corp (0.54).
      Global Financial Calendar
      Thursday 9/27/12
      United States
      0830 ET Weekly initial unemployment claims expected -7,000 to 375,000, previous -3,000 to 382,000. Weekly continuing claims expected +18,000 to 3.290 mln, previous -32,000 to 3.272 mln.
      0830 ET Q2 GDP expected to be unrevised at +1.7% q/q annualized. Q2 personal consumption expected unrevised at +1.7%. Q2 GDP price index expected unrevised at +1.6%. Q2 core PCE expected unrevised at +1.8%.
      0830 ET Aug durable goods orders expected -5.0% m/m, July +4.1% m/m. Aug durable goods orders ex-transportation expected +0.2% m/m, July -0.6% m/m.
      0830 ET Benchmark revisions to payrolls.
      0830 ET USDA weekly Net Export Sales.
      1000 ET Aug pending home sales expected unchanged m/m and +14.2% y/y, July +2.4% m/m and +15.0% y/y.
      1100 ET Sep Kansas City Fed manufacturing index expected 5, Aug 8.
      1300 ET Treasury auction of $29 billion in 7-year T-notes.
      1630 ET Weekly money supply report and Fed balance sheet.
      Germany
      0200 ET Aug import price index expected +0.8% m/m and +2.7% y/y, July +0.7% m/m and +1.2% y/y.
      0355 ET German Sep unemployment change expected +10,000, Aug +9,000. Sep unemployment rate expected 6.8%, Aug 6.8%.
      0400 ET German Aug Eurozone M3 expected +3.8% y/y, July +3.8% y/y.
      1901 ET German Sep GfK consumer confidence survey expected -28, Aug -29.
      United Kingdom
      0430 ET UK Q2 final GDP expected unrevised from last -0.5% q/q and -0.5% y/y.
      0430 ET UK Q2 current account, Q1 -11.2 bln pounds.
      0430 ET UK final Q2 total business investment expected unrevised from last -1.5% q/q and +1.7% y/y.
      1901 ET UK Sep GfK consumer confidence index, Aug -29.
      Euro-Zone
      0500 ET Eurozone Sep business climate indicator expected -1.2, Aug -1.21. Eurozone Sep economic confidence expected -25.9, Aug 86.1. Sep industrial confidence expected -15.0, Aug -15.3. Sep services confidence expected -11.1, Aug -10.8.
      Japan
      1915 ET Japan Sep Markit/JMMA manufacturing PMI, Aug 47.7.
      1930 ET Japan Aug jobless rate expected 4.3%, July 4.3%. Aug job-to-applicant ratio expected 0.83, July 0.83.
      1930 ET Japan Aug overall household spending expected +1.1% y/y, July +1.7% y/y.
      1930 ET Japan Aug national CPI expected -0.5% y/y, July -0.4% y/y. Aug national CPI ex-fresh food expected -0.3% y/y, July -0.3% y/y. Aug national CPI ex-food and energy expected -0.5% y/y, July -0.6% y/y.
      1930 ET Tokyo Aug CPI expected -0.6% y/y, Aug -0.7% y/y. Aug CPI ex-fresh food expected -0.3% y/y, Aug -0.5% y/y. Aug CPI ex-food, energy expected -0.9% y/y, Aug -0.8% y/y.
      1950 ET Japan Aug retail trade expected -0.3% m/m and -0.3% y/y, July -1.5% m/m and -0.7% y/y. Aug large retailers sales expected -1.7% y/y, July -4.4% y/y.
      1950 ET Japan Aug industrial production expected -0.5% m/m and -3.4% y/y, July -1.0% m/m and -0.8% y/y.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

CenterPoint Energy - CNP - Barchart Chart of the Day


Barchart.coms Chart of the Day - CenterPoint Energy (CNP)
The "Chart of the Day" is CenterPoint Energy (CNP), which showed up on Wednesday's Barchart "52-Week High" list. CenterPoint on Wednesday posted a new 10-year high of $21.56 and closed +0.14%. TrendSpotter has been long since Sep 13 at $21.10. In recent news on the stock, Wells Fargo on Aug 22 upgraded CenterPoint Energy to Outperform from Market Perform on attractive valuation and the company's opportunity to deploy capital in positive ROI projects. CenterPoint on Aug 2 reported Q2 EPS of 29 cents, well above the consensus of 25 cents. CenterPoint Energy, with a market cap of $9 billion, is a domestic energy delivery company that includes electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations.

cnp_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

My 3 Favorite NASDAQ 100 Stocks

Today I screened the NASDAQ 100 stocks to find the 3 with the best Barchart technical indicators and found Google (GOOG), Henry Schein (HSIC) and Perrigo Company (PRGO):

Google (GOOG)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 13.86% in the last month
  • Relative Strength Index 83.83%
  • Barchart computes  a technical support level at 731.66
  • Recently traded at 762.21 with a 50 day moving average of 673.70
Henry Schein (HSIC)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 4.43% in the last month
  • Relative Strength Index 59.95%
  • Barchart computes a technical support level at 78.13
  • Recently traded at 79.31 with a 50 day moving average of 77.25
Perrigo Company (PRGO)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving average
  • 11 new highs and up 6.18% in the last month
  • Relative Strength Index 67.03%
  • Barchart computes a technical support level at 115.02
  • Recently traded at 117.50 with a 50 day moving average of 112.87






Coca-Cola

http://www.thestreet.com/story/11720174/1/cokes-revenue-earnings-keep-flowing.html

Wednesday, September 26, 2012

My 3 Favorite Small Caps

Today I screened the S&P 600 Mid Cap Index stocks to find the 3 with the best Barchart technical indicators and found West Pharmaceuticals (WST), Unisource Energy (UNS) and United Fire & Casualty (UFCS):

West Pharmaceuticals (WST)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 10.08% in the last month
  • Relative Strength Index 80.34%
  • Barchart computes a technical support level at 51.24
  • Recently traded at 52.54 with a 50 day moving average of 49.08
Unisource Energy (UNS)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 5.79% in the last month
  • Relative Strength Index 66.79%
  • Barchart computes a technical support level at 41.58
  • Recently traded at 42.37 with a 50 day moving average of 40.84
United Fire & Casualty (UFCS)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 13.75% in the last month
  • Relative Strength Index 80.87%
  • Barchart computes a technical support level at 25.20
  • Recently traded at 25.73 with a 50 day moving average of 22.00




Barchart Morning Call 9/26


Overnight Developments
  • Dec E-mini S&Ps this morning are slightly lower by -0.75 points on a sharp 1.95% sell-off in European stocks and lower Asian stocks. European stocks are sharply lower as the crisis temperature rises on Spain's debt problems. Commodity prices are down -0.32% this morning with Nov crude oil down -0.84%, Dec gold down -0.03%, Dec copper down -1.02%, and agricultural prices mixed. The dollar index is up +0.39% and EUR/USD is down -0.28%. Dec 10-year T-notes are up 4.5 ticks.
  • The Spanish 10-year bond yield today is up sharply by 26 bp at 6.01% after Catalan's president yesterday called for new national Spanish elections to address greater autonomy for Spain's regions. In addition, Germany, the Netherlands, and Finland said in a letter that the Eurozone's ESM bailout facility should assume only a limited burden in bank recapitalizations. Spanish Prime Minister Rajoy has been dragging its feet on formally requesting a bailout for government finances because he has been hoping he can limp by with recent drop in bond yields and avoid the stigma of a Eurozone bailout. However, bond yields are now moving sharply higher and are forcing his hand on formally requesting aid. Italy's 10-year bond yield today rose by 8 bp to 5.18%.
  • Greek public and many private workers held a general strike today to protest austerity measures. Greek Prime Minister Samaras is trying to get a new 11.5 billion euro austerity package approved by his coalition members in order to qualify for the next tranche of 31 billion euros of bailout aid. There was also a non-violent protest today of about 25,000 people on the central square of Athens. Greece and Eurozone officials next week will have a showdown on whether Greece qualifies for the next tranche of aid and whether Greece needs a new shot of aid to plug what appears to be a 20 billion euro gap.
  • Germany today received bids for only 3.95 billion euros for its sale of 10-year bonds, which was less than the targeted amount of 5 billion euros. The auction produced an average yield of 1.52%. Demand for Germany's bonds has been lackluster due to low yields and general concerns about Germany's liabilities with the Eurozone debt crisis. However, Italy today was able to sell 9 billion euros of 6-month bills at 1.503%, down from 1.585% at the last 6-month auction on Aug 29.
  • The Chinese-Japanese territorial spat over disputed islands in the East China Sea flared up again today as the foreign ministers of China and Japan held "severe" talks yesterday in New York on the sidelines of the UN's General Assembly. Neither side showed any sign of compromise on their claim to the islands. The spat has already resulted in the temporary shut-downs of some Japanese factories and retail shops in China due to public protests and the spat is hurting trade between the two nations.
    Market Comments
    • Dec E-mini S&Ps this morning are down -0.75 points (-0.05%) mainly due to negative events in Europe. The Euro Stoxx 50 index is sharply lower by 1.95% this morning. Asian stocks today also fell sharply across the board due to Tuesday's sell-off in U.S. stocks on Plosser's doubts about QE3. The S&P 500 index on Tuesday closed with fairly sharp losses: S&P 500 -1.05%, Dow Jones -0.75%, Nasdaq 100 -1.39%. Bearish factors included Caterpillar's outlook for "anemic" global growth through 2015, negative comments by Philadelphia Fed President Plosser on QE3, social unrest in Spain that is making hitting deficit targets more difficult, weaker than expected U.S. home price reports (Case-Shiller +0.4%, FHFA +0.2%), and technical selling as the S&P 500 falls from the recent 4-3/4 year high. Philadelphia Fed President Charles Plosser said that QE3 probably will not boost economic growth and may hurt the Fed's credibility. On the brighter side, the U.S. Sep consumer confidence index soared by 9.0 points to 70.3 from a revised 61.3 in Aug and was much stronger than market expectations of 63.1.
    • Dec 10-year T-notes this morning are up +4.5 ticks due to lower global stocks. Dec 10-year T-note prices on Tuesday closed mildly higher: TYZ2 +8, FVZ2 +1.75. T-notes received a boost from increased safe-haven demand tied to the sharp sell-off in stocks. The Treasury today sells $35 billion in 5-year T-notes.
    • The dollar index this morning is up +0.31 points (+0.39%) on increased safe-haven demand with the sell-off in global stocks and the renewed concerns about Europe. EUR/USD is down -0.0036 points (-0.28%) and USD/JPY is down -0.11 (-0.14%). The dollar index on Tuesday closed higher: Dollar index +0.03 (+0.04%), EUR/USD -0.0032 (-0.25%), USD/JPY -0.05 (-0.06%). The dollar closed slightly higher on (1) increased safe-haven demand tied to the sell-off in stocks, and (2) the positive U.S. consumer confidence index. EUR/USD closed moderately lower due to street protests in Spain and continued uncertainty about whether Spain will sign up for the ECB/ESM bailout program.
    • Nov WTI crude oil prices this morning are down -0.77 (-0.84%) and Nov gasoline is up +0.0047 (0.17%). Crude oil is seeing downward pressure from the rally in the dollar index and on lower global stocks. Nov crude oil and gasoline prices on Monday closed mixed: CLX2 -0.56 (-0.61%), RBV2 +0.0347 (+1.24%). Crude oil showed weakness again on technical selling with the new 1-1/2 month low, expectations for a 2.0 million barrel increase in crude oil inventories in today's DOE report, and Saudi Arabia's stated intention last week to raise production through year-end as needed to push oil prices lower. The main bullish factor on Tuesday was some geopolitical tension as Iran fired four missiles into the Persian Gulf as part of a military exercise, increasing tensions with the U.S. and its allies which are still conducting their mine-sweeping exercises in the Persian Gulf. The market consensus for today's DOE report is for a 2.0 million barrel increase in crude oil inventories, a 500,000 barrel increase in gasoline inventories, a 900,000 barrel increase in distillates, and a 0.3 point increase in the refinery utilization rate to 89.2% of capacity. Tuesday's API report showed a +335,000 barrel increase in crude oil inventories, a 112,000 barrel increase in gasoline inventories, and a 438,000 barrel decline in distillate inventories.
    • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
      Today's U.S. Earnings Reports Earnings reports (ranked by market cap): FUL-HB Fuller (Consensus:$0.53), Worthington Industries (0.47), PRGS-Progress Sofware.
      Global Financial Calendar
      Wednesday 9/26/12
      United States
      0700 ET Weekly MBA mortgage applications, previous -0.2%, purchase sub-index -3.8%, refi sub-index +0.8%.
      1030 ET DOE Weekly Petroleum Status Report.
      1000 ET Aug new home sales expected +2.2% to 380,000, July +3.6% to 372,000.
      1300 ET Treasury auction of $35 billion in 5-year T-notes.
      1315 ET Chicago Fed President Charles Evans speaks in Hammond, Indiana at Lake Shore Chamber of Commmerce.
      Germany
      0300 ET German states report Sep CPIs.
      0800 ET German Sep CPI expected unch m/m and +2.0% y/y, Aug +0.4% m/m and +2.1% y/y. German Sep EU-harmonized CPI expected unch m/m and +2.1% y/y, Aug +0.4% m/m and +2.2% y/y.
      CHI
      2130 ET China Aug industrial profits, July -2.7% y/y.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Medidata Solutions - MDSO - Barchart Chart of the Day


Barchart.coms Chart of the Day - Medidata Solutions (MDSO)
The "Chart of the Day" is Medidata Solutions (MDSO), which showed up on Tuesday's Barchart "All-Time High" list. Medidata on Tuesday posted a new all-time high of $40.72 and closed +2.11%. TrendSpotter has been long since July 31 at $35.41. In recent news on the stock, ThinkEquity on Sep 7 initiated coverage on Medidata with a Buy and a target of $42. Jefferies on Aug 1 kept a Buy rating on Medidata and raised its target to $41 from $34. Medidata Solutions, with a market cap of $1 billion, is a leading global provider of hosted clinical development solutions that enhance the efficiency of customers' clinical development processes and optimize their research and development investments.

mdso_700
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Tuesday, September 25, 2012

3 Mid Caps with Momentum

This morning I screened the S&P Mid Cap 400 Stock Index stocks to find the 3 with the best Barchart technical indicators and found Steris Corp (STE), Rock-Tenn (RKT) and Packaging Corporation of America (PKG):

Steris Corp (STE)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 5.10% in the last month
  • Relative Strength Index 73.24%
  • Barchart computes a technical support level at 35.62
  • Recently traded at 36.11 with a 50 day moving average of 33.61
Rock-Tenn (RKT)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 11.52% in the last month
  • Relative Strength Index 70.74%
  • Barchart computes a technical support level at 70.00
  • Recently traded at 73.84 with a 50 day moving average of 64.32
Packaging Coproration of America (PKG)


Barchart technical  indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 New highs and up 10.06% in the last month
  • Relative Strength Index 79.78%
  • Barchart computes a technical support level at 33.65
  • Recently traded at 35.33 with a 50 day moving average of 31.76






Barchart Morning Call 9/25


Overnight Developments
  • Dec E-mini S&Ps this morning are little changed as the market treads water ahead of today's U.S. economic reports. European stocks are mildly lower while Asian stocks today closed narrowly mixed. Commodity prices this morning are up by +0.30% with Nov crude oil +0.52%, Dec gold up +0.04%, Dec copper up +0.60%, and agricultural prices mixed. The dollar index this morning is up +0.13% with EUR/USD down -0.07% and USD/JPY down -0.08%. Dec 10-year T-notes this morning are up +6 ticks.
  • President Obama speaks to the UN today and is expected to reiterate his administration's commitment to preventing Iran from obtaining a nuclear weapon. Mr. Obama is unlikely to stake out any new ground on threatening Iran, but the markets will nevertheless be listening for any increased chance that the U.S. or Israel will take military action against Iran. Governor Romney and President Obama both speak today at former President Clinton's Global Initiative in New York.
  • Caterpillar in a presentation late yesterday forecast "anemic" global economic growth through 2015 and cut its 2012-2015 earnings forecast to $12-18 from $15-20 per share due to weak mining industry demand for capital equipment. Caterpillar's stock is down 2.4% in European trading this morning.
  • Spain today successfully sold 4 billion euros of 3 and 6-month bills although yields were higher than the previous auctions. Spanish Prime Minister Rajoy on Thursday is expected to unveil additional austerity measures when he presents his 2013 budget. Italy today successfully sold zero-coupon 2014 bonds at 2.532%, down from 3.064% on Aug 28.
  • The GfK Oct German consumer confidence index of 5.9 was unchanged from September's 5.9 and was in line with market expectations.
  • Japan's Sep small business confidence index rose slightly to 45.1 from 44.8 in August.
  • China's Aug leading economic indicator rose 1.7% m/m after a +0.6% m/m gain in July, which was a possible sign that the Chinese economy is stabilizing. Positive factors in the leading indicator included a rebound in real estate and credit growth, and an improvement in consumer expectations. The market consensus is that Chinese GDP likely eased to about +7.4% in Q3 from +7.6% in Q2.
  • China's central bank today injected a record 290 billion yuan ($46 billion) into the banking system to address a liquidity squeeze ahead of next week's Chinese holiday week.
    Market Comments
    • Dec E-mini S&Ps this morning are little changed. E-mini S&Ps are seeing some downside pressure from the -0.34% sell-off in the Euro Stoxx 50 index and the 2.4% sell-off in Caterpillar on the firm's outlook for "anemic" global economic growth through 2015. A supportive factor this morning is the 1.7% increase in the Chinese leading economic indicator. The S&P 500 index on Monday faded from the recent 4-3/4 year high and closed lower: S&P 500 -0.22%, Dow Jones -0.15%, Nasdaq 100 -0.62%. Stocks on Monday suffered from some fatigue and long liquidation pressure on the lack of fresh bullish catalysts and instead moved lower on the weaker-than-expected German Ifo business confidence report and on worries about the lack of agreement between Germany and France about the timetable for centralized Eurozone banking regulation. The Nasdaq was undercut by a 1.3% sell-off in Apple on disappointment that supply constraints are preventing Apple from taking full advantage of extremely strong iPhone demand.
    • Dec 10-year T-notes this morning are up 6 ticks on continued support from the outlook for weak near-term global economic growth. Dec 10-year T-note prices on Monday closed mildly higher: TYZ2 +8, FVZ2 +1.75. T-notes moved higher on lower global stocks and concerns about European and Chinese economic data. The T-note market is looking ahead to today's 2-year T-note auction as the kickoff for this week's $99 billion T-note package.
    • The dollar index this morning is up +0.10 points (+0.13%) and EUR/USD is down -0.0009 (-0.07%) on continued doubts about Spain, which is vacillating on whether to accept aid from the ECB/ESM bond-buying program. USD/JPY is down -0.06 (-0.07%). The dollar index on Monday closed higher: Dollar index +0.19 (+0.24%), EUR/USD -0.0049 (-0.38%), USD/JPY -0.32 (-0.41%). The dollar index on Monday received a boost from increased safe-haven demand with the global sell-off in stocks. In addition, EUR/USD was undercut by the weak German Ifo confidence index and by concerns about German-French disagreements on the pace of banking regulation. The German Ifo Sep business climate index fell by -0.9 points to a new 2-1/2 year low of 101.4 from 102.3 in August. That was weaker than market expectations for a 0.3 point increase to 102.5. The Ifo expectations index fell by 1.0 point to a 3-1/3 year low of 93.2 from 94.2 in Aug. Germany continues to suffer from weaker growth in the rest of the Eurozone.
    • Nov WTI crude oil prices this morning are up +0.48 (+0.52%) and Nov gasoline is up +0.0136 (+0.49%) as the market sees a modest recovery after Monday's sell-off. In addition, Iran today fired four missiles into the Persian Gulf as part of a military exercise, increasing tensions with the U.S. and its allies which are still conducting their mine-sweeping exercises in the Persian Gulf. Nov crude oil and gasoline prices on Monday closed with fairly sharp losses: CLX2 -0.96 (-1.03%), RBV2 -0.0318 (-1.13%). Nov crude oil managed to avoid taking out last Thursday's 1-1/2 month low but continued to trade on a weak note. Crude oil prices continue to see downward pressure from long liquidation, Saudi Arabia's intention to raise production through year-end as needed to push oil prices lower, and expectations for a 2.0 million barrel in crude oil inventories in Wednesday's DOE report to add to last week's surge of 8.5 million barrels. The market consensus for Wednesday's DOE report is for a 2.0 million barrel increase in crude oil inventories, a 500,000 barrel increase in gasoline inventories, a 900,000 barrel increase in distillates, and a 0.3 point increase in the refinery utilization rate to 89.2% of capacity.
    • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
      Today's U.S. Earnings Reports Earnings reports (ranked by market cap): CCL-Carnival (Consensus:$1.44), FDS-Factset Research (1.17), JBL-Jabil Circuit (0.58), CPRT-Copart (0.33), MTN-Vail Resorts (-1.56%), SNX-Synnex (0.93).
      Global Financial Calendar
      Tuesday 9/25/12
      United States
      0745 ET ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
      0855 ET Redbook weekly retailer sales.
      0900 ET July S&P/Case-Schiller Composite 20 home price index expected +0.8% m/m and +1.1% y/y, June +0.94% m/m and +0.50 % y/y.
      0900 ET Treasury Secretary Timothy Geithner speaks in NY at Clinton Global Initiative.
      1000 ET Sep U.S. consumer confidence index (Conference Board) expected +2.6 to 63.2, Aug -4.8 to 60.6.
      1000 ET Sep Richmond Fed manufacturing index expected +3 to -6, Aug +8.3 to -9.
      1000 ET July FHFA house price index expected +0.7% m/m, June +0.7% m/m.
      1130 ET Weekly 4-week T-bill auction.
      1200 ET Philadelphia Fed President Charles Plosser speaks on the economic outlook in Philadelphia.
      1300 ET Treasury auction of $35 billion in 2-year T-notes.
      1630 ET API weekly U.S. oil statistics.
      Japan
      0100 ET Japan Sep small business confidence, Aug 44.8.
      Germany
      0200 ET German Oct GfK consumer confidence survey expected 5.9, Sep 5.9.
      Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Oneok - OKE - Barchart Chart of the Day


Barchart.coms Chart of the Day - Oneok (OKE)
The "Chart of the Day" is Oneok (OKE), which showed up on Monday's Barchart "All-Time High" list. Oneok on Monday posted a new all-time high of $47.95 and closed +1.49%. TrendSpotter has been long since July 13 at $43.29. In recent news on the stock, BMO Capital on July 12 upgraded Oneok to Outperform from Market Perform and raised its target to $51 on expectations for stabilization in NGL prices and the potential for the company's Bakken Express pipeline. Oneok (OKE), with a market cap of $9.6 billion, purchases, gathers, compresses, transports, stores, and distributes natural gas.

oke_700_01
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
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.
  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

Sunday, September 23, 2012

3 Great Large Caps

Today I screened the S&P 500 Large Cap Index to find the 3 with the best Barchart technical indicators and found Whole Foods Market (WFM) , Viacom Cl B (VIAB) and Time Warner Cable (TWC):

Whole Food Market (WFM)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving avergaes
  • 6 new highs and up 3.97% in the last month
  • Relative Strength Index 65.24
  • Barchart computes a technical support level at 98.31
  • Recently traded at 99.75 with a 50 day moving average of 94.59
Viacom Cl B (VIAB)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 7.29% in the last month
  • Relative Strength Index 73.24%
  • Barchart computes a technical support level at 55.62
  • Recently traded at 54.31 with a 50 day moving average of 49.30
Tine Warner Cable (TWC)


Barchart technical indicators:
  • 100% Brahcart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 5.74% in the last month
  • Relative Strength Index 77.26%
  • Barchart computes  a technical support level at 92.77
  • Recently traded at 94.46 with a 50 day moving average of 88.66










Sierra Wireless - SWIR - sell signals

I have deleted Sierra Wireless (SWIR) from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 80% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Lost 8.40% in the last month
  • 16.79% below its 1 year high
  • Relative Strength Index 36.04%