NewMarket Corp (NEU) is the Barchart Chart of the Day.  The petroleum additive stock has a Trend Spotter buy signal, a Weighted Alpha of 70.14+ and gained 47.40% in the last year.

The Chart of the Day is NewMarket Corp (NEU).  I found the stock by sorting the All Time New High list for frequency in the last month, skipping the stocks that didn't have positive gains in the last week and month.  Next I reviewed the charts using the Flipchart feature to find the chart I liked.  Since the Trend Spotter signaled a buy on 1/31 the stock has gained 16.20%.

NUE through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated chemical blends to market-general additive components, the NewMarket family of companies provides the world with the technology to make fuels burn cleaner, engines run smoother and machines last longer.

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
• 13 new highs and up 6.85% in the last month
• Relative Strength Index 70.14%
• Barchart computes a technical support level at 382.89
• Recently traded at 389.11 with a 50 day moving average of 354.29

Fundamental factors:

• Market Cap $5.16 billion
• P/E 21.59
• Dividend yield 1.13%
• Revenue expected to grow 3.80% this year and another 5.00% next year
• Earnings estimated to increase 7.30% this year, an additional 6.10% next year and continue to increase at an annual rate of 4.85% for the next 5 years
• Wall Street analysts presently have 5 hold recommendations published
• Financial strength is A

If you think that petroleum usage will continue to grow this might be a good long range stock.  Use the 50 day moving average for signs of momentum weakness and the 100 day moving average for profit preservation.