Thursday, June 18, 2015

Validus -- All Time High

Validus (VR) is the Barchart Chart of the Day.  The insurance brokerage company has a Trend Spotter buy signal, a Weighted Alpha of 20.75+, gained 21.34% in the last year and paid a 2.92% dividend.

The Chart of the Day belongs to Validus (VR).  I found the insurance brokerage stock by using Barchart to sort 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 another buy on 6/1 the stock gained 2.51%.

Validus Holdings, Ltd., through its principal operating subsidiary Validus Reinsurance, Ltd., is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $1 billion.


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
  • 11 new highs and up 4.63% in the last month
  • Relative Strength Index 68.47%
  • Barchart computes a technical support level at 43.60
  • Recently traded at 44.67 with a 50 day moving average of 42.72
Fundamental factors:
  • Market Cap $3.86 billion
  • P/E 8.24
  • Dividend yield 2.92%
  • Revenue expected to grow 13.40% this year and another .90% next year
  • Earnings estimated to compound at an annual rate of 4.30% for the next 5 years
  • Wall Street analysts issued 5 buy, 4 hold and 1 under perform recommendations on the stock
The best technical trading strategy for this stock has been the 20-100 Day MACD Oscillator and should continue to be used to find entry and exit points.


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