Friday, October 25, 2013

Mineral Technologies - Barchart's Chart of the Day

Mineral Technologies (MTX) is the Chart of the Day.  The speciality metals stock has a Trend Spotter buy signal, a Weighted Alpha of 63.04+ and is up over 55.10% in the past year.

The Chart of the Day is Mineral Technologies (MTX).  I found the stock by sorting the New High List for frequency the used the flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 9/10 the stock is up 19.72%

It is a resource and technology-based company that develops, produces and markets on a worldwide basis a broad range of specialty mineral, mineral-based and synthetic mineral products. The Specialty Minerals segment produces and sells precipitated calcium carbonate and lime, and mines, processes and sells the natural mineral products limestone and talc. The Refractories segment produces and markets monolithic and shaped refractory materials and services.

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 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
  • 17 New highs and up 15.24% in the last month
  • Relative Strength Index 85.00%
  • Barchart computes a technical support level at 55.39
  • Recently traded at 56.10 with a 50 day moving average of 48.84
Fundamental factors:
  • Market Cap $1.96 billion
  • P/E 25.48
  • Dividend yield .36%
  • Revenue projected to grow 1.20% this year and another 3.40% next year
  • Earnings estimated to increase 8.60% this year , an additional 14.50% next year and continue to increase at an annual rate of 10.00% for the next 5 years
  • Financial Strength is B++
Please watch the 50 day moving average for weakness and a exit signal.

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