Monday, May 18, 2015

JM Smuckers - Barchart's Chart of the Day

JM Smucker's (SJM) is the Barchart Chart of the Day.  The diversified foods stock has a Trend Spotter buy signal, a Weighted Alpha of 21.70+, gained 20.40% in the last year while paying a 2.16% dividend.

The Chart of the Day belongs to JM Smuckers (SJM).  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 3/25 the stock gained 3.52%.

The J.M. Smucker Company, headquartered in Orrville, Ohio is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S. They are also the leader in dessert toppings, natural peanut butter, and health and natural foods juice products, and market a wide variety of other specialty products throughout the U.S. and in many foreign countries. In the fruit spreads category, they also hold the leadership position in Australia and Canada.

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 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 1.06% in the last month
  • Relative Strength Index 61.22%
  • Barchart computes a technical support level at 117.56
  • Recently traded at 118.67 with a 50 day moving average of 115.61
Fundamental factors:
  • Market Cap $ 12.08 billion
  • P/E 21.06
  • Dividend yield 2.16%
  • Revenue expected to grow .10% this year and another 43.30% next year
  • Earnings estimated to decrease by 4.60% this year, increase again by 8.60% next year and continue to compound annually at a rate of 5.63% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 6 buy, 8 hold and 1 under perform recommendations on the stock
The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock and should continue to be used for entry and exit points.

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