3 Stocks You Can't Ignore

This morning I used Barchart to screen all the stocks hitting new highs for the ones with the most steady and consistent upward price momentum and found Bassett Furniture (BSET) , Napco Security Technologies (NSSC) and Chipolte Mexican Grill (CMG)

Bassett Furniture (BSET)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 5.68% in the last month
• Relative strength Index 75.47%
• Barchart computes a technical support level at 8.51
• Recently traded at 8.57 with a 50 day moving average of 8.10

Napco Security Technologies (NSSC)

Barchart technical indicators:

• 96% Barchart technical indicators:
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 15.02% in the last month
• Relative Strength Index 62.60%
• Barchart computes a technical support level at 2.86
• Recently traded at 2.91 with a 50 day moving average of 2.67

Chipolte Mexican Grill  (CMG)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 6.19% in the last month
• Relative Strength Index 74.39%
• Barchart computes a technical support level at 402.92
• Recently traded at 406.49 with a 50 day moving average of 375.30

Barchart Morning Call 3/16

Barchart Morning Call

Barchart.com - 2 hrs 25 mins ago

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.40% and Jun S&Ps up +0.80 of a point. The dollar index is higher and most commodities fell ahead of this morning's U.S. economic data on consumer prices, industrial production and consumer confidence. Treasuries weakened on hawkish comments from Richmond Fed President Lacker who said "the economy is expanding at a moderate pace, and inflation is close to the committee's 2% objective, so as the expansion continues, the federal funds rate will need to rise in order to prevent the emergence of inflationary pressures." European banks reluctance to lend to each other continues to fall as the Euribor-OIS spread, the difference between the euro interbank offered rate and overnight indexed swaps, declined to 51 bp, a 7-1/2 month low. The euro was little changed against the dollar after ECB Council member Liikanen signaled that governments shouldn't expect further ECB action to fight the debt turmoil saying, "we've done a lot," citing the ECB's record low interest rates and 1 trillion euros in 3-year loans, and that "we must decide how and when we exit in a controlled and timely manner."
• Asian stocks today closed mixed with Japan up +0.06%, China +1.47%, Australia -0.04%, South Korea -0.55%, India -1.19%. Asian stocks received a boost from U.S. economic data on manufacturing and jobless claims that shows the economy is expanding, although most of the markets struggled to add on to gains as Asian stock valuations neared a 2-year high. Concern the Chinese economy was slowing gained credence after weekly Shanghai copper inventories rose 2,495 MT to 227,276 MT, the third straight week of increases to their highest level since 2003, which signals weakened demand. Gold prices fell after India, the world's biggest bullion buyer, increased the tax on gold imports for the second time this year after record purchases widened the current-account deficit.

Overnight U.S. Stock News

• June S&Ps this morning are trading up +0.80 of a point. The U.S. stock market Thursday extended this week's rally as strong U.S. economic data bolstered confidence in the outlook for improved company earnings: Dow Jones +0.44%, S&P 500 +0.60%, Nasdaq Composite +0.51%. The S&P 500 posted a 3-3/4 year high, the Dow rose to a 4-year high and the Nasdaq climbed to an 11-year high. Bullish factors Thursday included (1) the larger-than-expected decline in weekly initial U.S. unemployment claims which matched their lowest level in 4-years (-14,000 to 351,000 versus expectations of -5,000 to 357,000), (2) the unexpected increase in the Mar Empire manufacturing index to its best level in 1-3/4 years (+0.7 to 20.2 versus expectations of -2.0 to 17.5), (3) the larger-than-expected increase in the Mar Philadelphia Fed manufacturing index which expanded at its fastest pace in 11 months (+2.3 to 12.5 versus expectations of +1.8 to 12.0), and (4) strength in raw-material producers as signs of economic strength fueled a rally in most commodities.
• Bearish factors Thursday included (1) comments from ECB Executive Board member Bini Smaghi who said Portugal may need another 100 billion euros of aid and Ireland 80 billion euros as both countries struggle to regain ?sufficient? access to bond markets and (2) concerns over contagion of the European sovereign debt crisis after Fitch Ratings lowered the outlook on Britain's sovereign debt to "negative" from "stable," indicating a "slightly greater" than 50% chance its AAA credit rating will be reduced within 2 years.

Today's Market Focus

• June 10-year T-notes this morning are down -11 ticks. T-note prices Thursday extended this week's sell-off down to a 4-1/2 month low on stronger-than-expected U.S. economic data but short-covering lifted prices off of their lows and they closed slightly higher: TYM2 +2.5, FVM2 +4.7, EDU2 +1.5. Bullish factors Thursday included (1) strong foreign demand for U.S. debt after Treasury data showed total Jan foreign holdings of Treasury securities rose +0.9% to a record $5.05 trillion, the sixth consecutive monthly increase, and (2) the Fed's purchase of $4.027 billion of Treasuries as part of its Operation Twist program to replace $400 billion of short-term debt in its portfolio with longer-term Treasuries in an effort to keep borrowing costs low. Bearish factors included (1) the larger-than-expected decrease in weekly initial U.S. unemployment claims which matched their lowest level in 4-years (-14,000 to 351,000 versus expectations of -5,000 to 357,000), (2) the unexpected increase in the Mar Empire manufacturing index to its best level in 1-3/4 years (+0.7 to 20.2 versus expectations of -2.0 to 17.5), and (3) the larger-than-expected increase in the Mar Philadelphia Fed manufacturing index which expanded at its fastest pace in 11 months (+2.3 to 12.5 versus expectations of +1.8 to 12.0).
• The dollar index this morning is higher with the dollar/yen +0.15 yen and the euro/dollar -0.07 cents. Bearish factors included (1) reduced safe-haven demand for the dollar as equity markets rallied and (2) strength in the euro which rebounded from a 1-month low against the dollar and closed higher after strong demand was seen at Spanish and French auctions of government debt. Bullish factors included (1) increased foreign demand for U.S. dollar assets after the Jan net long-term TIC flows rose +$101.0 billion, more than expectations of +$38.5 billion and the biggest increase in 17 months, (2) increased safe-haven demand for the dollar after Fitch Ratings lowered the outlook on Britain's sovereign debt to "negative" from "stable," and (3) the fall in weekly U.S. jobless claims to a 4-year low and increased manufacturing activity on the U.S. East Coast, which indicates economic strength and is dollar positive.
• Apr crude oil prices this morning are up +23 cents a barrel and Apr gasoline is -0.01 of a cent per gallon. Crude oil and gasoline prices Thursday rallied early on stronger-than-expected U.S. economic data but shed those gains and turned lower on a report the U.S. and U.K will release oil from strategic reserves: CLJ12 -$0.32, RBJ -5.85. Apr crude fell to a 3-1/2 week low and Apr gasoline posted a 1-week low. Bearish factors included (1) a report from Reuters that said the U.S and U.K. had reached an agreement to release oil from strategic reserves by this summer, although the report was refuted from a White House spokesman, and (2) overall weak demand after DOE data showed U.S. gasoline demand over the 4 weeks ended Mar 9 was -7.2% below a year earlier. Bullish factors included (1) the reversal in the dollar after the dollar index fell back from a 1-3/4 month high and closed lower, which encourages investment demand in commodities, and (2) stronger-than-expected U.S. economic data which is positive for energy consumption as weekly initial unemployment claims matched a 4-year low, the Mar Empire manufacturing index unexpectedly expanded at its fastest pace in 1-3/4 years and the Mar Philadelphia Fed manufacturing index climbed to its best level in 11 months.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): OPK-Opko Health (BEST earnings consensus -$0.02), MLHR-Herman Miller (0.36), LDK-LDK Solar Co. Ltd. (-0.61).
Global Financial Calendar

Friday 3/16/12
United States
0830 ET	Feb CPI expected +0.4% m/m and +2.9% y/y, Jan +0.2% m/m and +2.9% y/y. Feb CPI ex food & energy expected +0.2% m/m and +2.2% y/y, Jan +0.2% m/m and +2.3% y/y.
0915 ET	Feb industrial production expected +0.4%, Jan unchanged. Feb capacity utilization expected +0.3 to 78.8%, Jan -0.1 to 78.5%.
0955 ET	Preliminary Mar U.S. University of Michigan consumer confidence expected +0.7 to 76.0, Feb +0.3 to 75.3.
1500 ET	Chicago Fed President Charles Evans will speak at the International Research Forum on Monetary Policy in Frankfurt, Germany on current economic conditions or monetary policy.
Japan
0100 ET	Revised Jan Japan coincident index CI, previous 93.1. Revised Jan leading index CI, previous 94.9.
Euro-Zone
0600 ET	ECB Executive Board member Jose Manuel Gonzalez-Paramo speaks at an event in Madrid.
Canada
0830 ET

Cummings - CMI - Barchart Chart of the Day

Barchart.com's Chart of the Day - Cummins (CMI)

Barchart Research Team - Barchart.com - Thu Mar 15, 5:34PM CDT

Related Stocks

CMI - Cummins Inc.

Sym	Last	Chg	Pct
CMI	128.46	+1.47	+1.16%

The "Chart of the Day" is Cummins (CMI), which showed up on Thursday's Barchart "All Time High" list. Cummins on Thursday posted a new all-time high of $127.83 and closed up 2.51%. TrendSpotter just turned Long again on Tuesday at $124.31 after taking a profit on March 6 and turning neutral for five sessions. In recent news on the stock, Cummins on Feb 2 reported Q4 EPS ex-items of $2.56, well above the consensus of $2.23. Wells Fargo on Feb 3 reiterated its Outperform rating and raised its valuation range to $132-135 from $110-113. Cummins, with a market cap of $24 billion, is one of the leading worldwide designers and manufacturers of diesel engines. The company also produces natural gas engines and engine components and subsystems. Cummins provides power and components for a wide variety of equipment in its key businesses: engine, power generation, and filtration.


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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 67% Buy
• Overall Average 96% Buy

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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

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

Has Amazon Bottomed Out?

COMPLETE ARTICLE AND GRAPHS

Barchart technical indicators:

• Mixed signals
• 8% Barchart technical sell signal
• Trend Spotter buy signal
• Although above its 20 day moving average it is below its 50 and 100 day moving averages
• 25.86% off it's 1 year high
• Relative Strength Index 49.92% but rising
• Barchart computes a technical support level at 180.39
• Recently traded at 183.20 which is below its 50 day moving average of 183.44

3 NASDAQ 100 stocks on the move up

This morning I used Barchart to screen the NASDAQ 100 stocks to find the 3 with the most steady and consistent upward price momentum and found Costco Wholesale (COST), Ross Stores (ROST) and Priceline.com (PCLN)

Costco Wholesale (COST)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 8.09% in the last month
• Relative Strength Index 83.03%
• Barchart computes a technical support level at 88.94
• Recently traded at 90.90 with a 50 day moving average of 84.10

Ross Stores (ROST)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 14 new highs and up 9.00% in the last month
• Relative Strength Index 74.88%
• Barchart computes a technical support level at 55.88
• Recently traded at 56.57 with a 50 day moving average of 52.24

Priceline.com (PCLN)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 12.79% in the last month
• Relative Strength Index 72.39%
• Barchart computes a technical support level at 639.76
• Recently traded at 650.75 with a 50 day moving average of 557.95

Barchart Morning Call 3/15

Barchart Morning Call

Barchart.com - 1 hr 3 mins ago

Overnight Developments

• Global stocks this morning are mixed with the Euro Stoxx 50 down -0.12% and Jun S&Ps up +2.40 points. 10-year Treasuries dropped to a 4-1/2 month low and the dollar index fell back from a 1-3/4 month high as the market awaits U.S. reports on unemployment claims and manufacturing activity. The euro rebounded from a 4-week low against the dollar after strong demand was seen at Spanish and French auctions of government debt. Spain sold 3 billion euros of securities maturing between 2015 and 2018 and had a bid-to-cover ratio of 4.13 on 976 million euros of 3.25% notes due in 2016, stronger than the 2.21 ratio seen at a similar auction in Jan, while France sold 3.26 billion euros of benchmark 5-year debt at an average yield of 1.78%, below the 1.93% seen at a similar auction last month. The British pound weakened against the dollar after Fitch Ratings lowered the outlook on Britain's sovereign debt to "negative" from "stable," indicating a "slightly greater" than 50% chance its AAA credit rating will be reduced within 2 years.
• Asian stocks today closed mostly lower with Japan up +0.72%, China -0.75%, Australia -0.22%, South Korea -0.03%, India -1.36%. Japan's Nikkei 225 Stock Index climbed to a 7-1/2 month high as a fall in the yen to an 11-month low against the dollar buoyed the earnings outlook for exporters. Mining stocks in Australia and China declined and dragged their respective bourses lower as gold and copper prices slumped. As expected, the RBI kept interest rates unchanged for a third consecutive month after it left India's repurchase rate at 8.5%, although it kept its easing bias intact when it said "recent growth-inflation dynamics have prompted the Reserve Bank to indicate that no further tightening is required and that future actions will be towards lowering the rates."

Overnight U.S. Stock News

• June S&Ps this morning are trading up +2.40 points. The U.S. stock market Wednesday fell back from their best levels and settled a tad higher on increased economic optimism from the Fed's upbeat assessment of the economy on Tuesday along with strength in most bank stocks that passed the Fed's stress tests: Dow Jones +0.12%, S&P 500 -0.12%, Nasdaq Composite +0.03%. The S&P 500 posted a 3-3/4 year high, the Dow rose to a 4-year high and the Nasdaq climbed to an 11-year high. Bullish factors Wednesday included (1) carry-over support from Tuesday's rally after the Fed said economic conditions improved, (2) strength in most U.S. bank stocks after the Fed said 15 of the nation's 19 largest banks could maintain adequate capital levels even in a recession, (3) increased economic optimism after the VIX volatility index or "fear gauge" that typically moves in a direction opposite to stock prices, held near Tuesday's 5-year low of 13.99, and (4) reduced European sovereign-debt concerns after Fitch Ratings raised Greece's credit rating 4 levels to B- from restricted default with a stable outlook.
• Bearish factors Wednesday included (1) weakness in insurance companies on speculation the industry may face tighter capital rules, (2) comments from former Fed Chairman Volcker who said he sees a "long slog" before the U.S. attains adequate economic growth, and (3) the surge in the 10-year T-note yield to a 4-1/4 month high of 2.287%.
• Guess? (GES) may be active on the downside today after the company forecast full-year earnings of no more than $2.65 a share, well below analysts' estimates of $3.16 a share.

Today's Market Focus

• June 10-year T-notes this morning are down -7 ticks. T-note prices Wednesday plunged to a 3-1/4 month low on carry-over weakness from Tuesday's slide in prices after the Fed's upbeat assessment of the economy reduced speculation for further easing: TYM2 -1-11.5/32, FVM2 -23.7, EDU2 -1.0. The 10-year T-note yield climbed to a 4-1/4 month high of 2.287%. Bearish factors Wednesday included (1) increased inflation expectations after the 10-year break-even rate, a gauge of the outlook for consumer prices derived from the difference between yields on conventional and inflation-linked bonds, rose to 2,39 bp, the highest in 7-1/2 months, (2) reduced safe-haven demand for Treasuries as the S&P 500 climbed to a 3-3/4-year high and after Fitch Ratings raised Greece's credit rating 4 levels to B- from restricted default with a stable outlook, and (3) technical selling as T-note prices accelerated lower to their lowest level this year. Bullish factors included (1) the weaker-than-expected Feb U.S. import price index (+0.4% m/m and +5.5% y/y versus expectations of +0.6% m/m and +5.9% y/y with the +5.5% annual gain the smallest increase in 14 months, and (2) decent demand for the Treasury's $13 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.70, stronger than the 12-auction average of 2.68.
• The dollar index this morning is weaker with the dollar/yen -0.24 yen and the euro/dollar +0.16 cents. The dollar index Wednesday rallied to a 1-3/4 month high as interest rate differentials moved in the dollar's favor and after the yen plunged to an 11-month low against the dollar after a MOF official said Japan's fiscal situation is worse than Greece: Dollar Index +0.372, USD/JPY +0.785, EUR/USD -0.00509. Bullish factors included (1) improved U.S. interest rate differentials that increases demand for dollars after the spread between U.S. and German 2-year note yields increased to 17 bp, the most since June 2010, (2) weakness in the yen after the International Bureau at Japan's MOF said Japan's debt-to-GDP ratio has risen to 230% and that the large amount of the nation's debt held by domestic financial institutions makes the Japanese financial system more vulnerable to fiscal shocks than Europe, and (3) the fall in the euro to a 3-week low against the dollar after Jan Euro-Zone industrial production was weaker than expected. Bearish factors included (1) the larger-than-expected increase in the Q4 U.S. current account balance which widened to a deficit of -$124.1 billion, the most in 3 years and (2) reduced safe-haven demand for the dollar after Fitch Ratings raised Greece's credit rating 4 levels to B- from restricted default with a stable outlook on optimism that a debt swap will reduce the risk that Greece reneges on its debt obligations.
• Apr crude oil prices this morning are up +17 cents a barrel and Apr gasoline is -0.80 of a cent per gallon. Crude oil and gasoline prices Wednesday settled lower as a stronger dollar and Saudi comments that it will meet any supply shortages overshadowed record Chinese crude imports: CLJ12 -$1.28, RBJ -0.76. Apr gasoline posted a 1-1/2 week high but erased its gains and closed lower. Bullish factors included (1) the larger-than-expected decline in weekly DOE distillate supplies to a 3-1/2 month low (-4.68 million bbl to 134.8 million bbl versus expectations of -1.45 million bbl) and (2) strong crude demand in China, the world's second-largest oil consumer, after Feb China crude imports rose to a record 23.64 MMT, up +1% m/m and +18.5% y/y. Bearish factors included (1) the rally in the dollar index to a 1-3/4 month high, which discourages investment demand in commodities, (2) the as-expected +1.75 million bbl increase in weekly DOE crude stockpiles to a 6-month high of 347.4 million bbl, and (3) comments from Saudi Arabian Oil Minister Ali al-Naimi who said "Saudi Arabia and others remain poised to make good any shortfall, perceived or real, in global crude supplies."

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): ROST-Ross Stores (BEST earnings consensus $0.85), AMCX-AMC Networks (0.60), SCHL-Scholastic (-0.70), PWRD-Perfect World Co. Ltd. (0.56), RNF-Rentech Nitrogen Partners LP (0.63), DOLE-Dole Food (-0.09), QRE-QR Energy LP (0.37), CATO-Cato Corp. (0.34), NAT-Nordic American Tankers Ltd. (-0.34), GEVA-Synageva BioPharma (-0.38), GTY-Getty Realty (0.48), MAPP-MAP Pharmaceuticals (-0.29).
Global Financial Calendar

Thursday 3/15/12
United States
0830 ET	Weekly initial unemployment claims expected -5,000 to 357,000, previous +8,000 to 362,000. Weekly continuing claims expected -8,000 to 3.408 million, previous +10,000 to 3.416 million.
0830 ET	Mar Empire manufacturing index expected -2.0 to 17.5, Feb +6.0 to 19.5.
0830 ET	Feb PPI expected +0.5% m/m and +3.3% y/y, Jan +0.1% m/m and +4.1% y/y. Feb PPI ex food and energy expected +0.2% m/m and +2.9% y/y, Jan +0.4% m/m and +3.0% y/y.
0900 ET	Jan net long-term TIC flows expected +$38.5 billion, Dec+$17.9 billion.
1000 ET	Mar Philadelphia Fed manufacturing index expected +1.8 to 12.0, Feb +2.9 to 10.2.
1100 ET	Treasury announces amount of 10-year TIPS to be auctioned Mar 22 (previous $15 billion).
1630 ET	Weekly money supply report and Fed balance sheet.
Euro-Zone
0500 ET	ECB publishes monthly report for March.
0600 ET	Q4 Euro-Zone employment, Q3 -0.1% q/q and +0.3% y/y.
0600 ET	Q4 Euro-Zone labor costs expected +2.3% y/y, Q3 +2.7% y/y.
n/a	G-20 begins 2-day summit in Mexico City.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Penske Automotive - PAG - Barchart Chart of the Day

Barchart.coms Chart of the Day - Penske Automotive Group (PAG)

Barchart Research Team - Barchart.com - Wed Mar 14, 4:57PM CDT

Related Stocks

PAG - Penske Automotive Group

Sym	Last	Chg	Pct
PAG	25.09	+0.69	+2.83%

The "Chart of the Day" is Penske Automotive Group (PAG), which showed up on Wednesday's Barchart "All Time High" list. Penske on Wednesday posted a new all-time high of $25.15 and closed up 2.83%. TrendSpotter has been Long since Jan 17 at $21.11. In recent news on the stock, Penske on Feb 15 reported Q4 EPS from continuing operations at 47 cents, above the consensus of 40 cents. Sterne Agee on March 14 reiterated its Buy rating and raised it target for Penske to $29 from $24. Gabelli on Feb 16 said that Penske shares should be bought on weakness and reiterated its Buy rating. Penske Automotive Group, with a market cap of $2.1 billion, is an operator of franchised automobile and light truck dealerships and related businesses.


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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 67% Buy
• Overall Average 96% Buy

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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

Transocean vs Noble

COMPLETE ARTICLE AND GRAPHS

Barchart technical indicators:

Transocean:

• 32% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and 3.46% in the last month
• Relative Strength Index 55.75%
• Barchart computes a technical support level at 49.92
• Recently traded at 51.44 with a 50 day moving average of 46.20

Noble:

• 8% Barchart technical buy signal
• Trend Spotter hold signal
• Below its 20 day moving average but above its 50 and 100 day moving averages
• 9 new highs and up 1.17% in the last month
• Relative Strength Index 51.31%
• Barchart computes a technical support level at 37.75
• Recently traded at 38.20 with a 50 day moving average of 35.29

3 Small Cap S&P 600 stocks on the move up

This morning I used Barchart to screen the Small Cap S&P 600 stock to find 3 with steady and consistent upward price momentum and found Buckeye Technologies (BKI), Movado Group (MOV and Websense (WBSN)

Buckeye Technologies (BKI)

Barchart technical indicators:

• 56% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 5.75% in the last month
• Relative Strength Index 54.72%
• Barchart computes a technical support level at 34.64
• Recently traded at 35.09 with a 50 day moving average of 34.63

Movado Group (MOV)

Barchart technical indicators:

• 96% Barchart technical buy indicators
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 14.69% in the last month
• Relative Strength Index 67.14%
• Barchart computes a technical support level at 21.73
• Recently traded at 21.82 with a 50 day moving average of 19.77

Websense (WBSN)

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 15.02% in the last month
• Relative Strength Index 71.33%
• Barchart computes a technical support level at 19.14
• Recently traded at 19.98 with a 50 day moving average of 18.31

Barchart Morning Call 3/14

Barchart Morning Call

Barchart.com - Wed Mar 14, 7:00AM CDT

Overnight Developments

• Global stocks this morning are mostly higher with the Euro Stoxx 50 up +0.83% and Jun S&Ps up +2.20 points. The dollar index rose to a 1-3/4 month high, the 10-year T-note yield climbed to a 4-1/4 month high and most commodities retreated with gold falling to a 1-1/2 month low after the Fed bolstered confidence in the U.S. banking system and raised its economic assessment. Late yesterday after the markets closed, the Fed released its stress tests that said 15 of the nation's 19 largest banks could maintain adequate capital levels even in a recession. This helped lift European banking shares with Barclays Plc and Credit Suisse Group Ag up more than 3.5%. Another boost to European shares was the action by Fitch Ratings to raise Greece's credit rating 4 levels to B- from restricted default with a stable outlook on optimism that a debt swap will reduce the risk that it reneges on its debt obligations. A slight negative for stocks was the Jan Euro-Zone industrial production which rose +0.2% m/m and fell -1.2% y/y, weaker than expectations of +0.6% m/m and -0.8% y/y.
• Asian stocks today closed mostly higher with Japan up +1.53%, China -2.83%, Australia +0.93%, South Korea +1.11%, India +0.59%. Asian stocks rose after U.S. retail sales jumped and the Fed raised its economic assessment, which boosted the earnings prospects of exporters. Japan's Nikkei 225 Stock Index climbed to a 7-1/2 month high as exporters rallied when the yen tumbled to a fresh 11-month low against the dollar. China's Shanghai Stock Index bucked the trend and closed lower as property developers plunged after Chinese Premier Wen Jiabao said home prices are still too high and that loosening property controls risks "chaos in China's housing sector." The Feb India wholesale-price index climbed 6.95% y/y, its first increase in 5 months and stronger than expectations of a +6.7% y/y gain, which dampens expectations of a rate cut by the RBI at its policy meeting on Thursday.

Overnight U.S. Stock News

• June S&Ps this morning are trading up +2.20 points. The U.S. stock market Tuesday moved higher right from the opening and continued higher throughout the day after German investor confidence rose more than forecast and after Feb U.S. retail sales grew at the fastest pace in 5 months: Dow Jones +1.68%, S&P 500 +1.81%, Nasdaq Composite +1.88%. The S&P 500 posted a 3-3/4 year high, the Dow rose to a 4-year high and the Nasdaq climbed to an 11-year high. Bullish factors Tuesday included (1) carry-over support from a rally in European stocks after the Mar German ZEW economic sentiment rose more than expected to a 21-month high, (2) increased optimism in the U.S. economic outlook after the larger-than-expected increase in Feb U.S. retail sales along with an upward revision to Jan (Feb +1.1% and +0.9% less autos versus expectations of +1.1% and +0.7% less autos and Jan revised up to +0.6% and +1.1% less autos from the originally reported +0.4% and +0.7% less autos), and (3) the action by the Fed to raise their assessment of the economy in its post-FOMC statement that said "labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated," and that "strains in global financial markets have eased, though they continue to pose significant downside risks to the economic outlook."
• Bearish factors Tuesday included (1) ongoing European sovereign-debt concerns after European Commissioner Barroso said the situation in Europe "remains fragile as we are not yet out of the crisis," and (2) insider selling of stocks after data from TrimTabs Investment Research showed U.S. companies and their executives are selling stocks at 2.2 times the pace of buying, the most in over 2 years, as about $15.3 billion of shares have been sold by companies and insiders this month compared with $7.1 billion of purchases.
• Citigroup (C) fell 2.7% in pre-market trading after it failed to meet some standards of the Fed's stress tests and said it will submit a revised capital plan to the Fed later this year.

Today's Market Focus

• June 10-year T-notes this morning are down -21 ticks. T-note prices Tuesday slumped to a 1-1/2 month low and settled lower after Feb U.S. retail sales were stronger than expected along with reduced safe-haven demand for Treasuries as the stock market rallied: TYM2 -20.0, FVM2 -10.2, EDU2 -2.5. Bearish factors Tuesday included (1) the larger-than-expected increase in Feb U.S. retail sales along with an upward revision to Jan (Feb +1.1% and +0.9% less autos versus expectations of +1.1% and +0.7% less autos and Jan revised up to +0.6% and +1.1% less autos from the originally reported +0.4% and +0.7% less autos), (2) reduced safe-haven demand for Treasuries after the S&P 500 rallied up to a 3-3/4 year high, (3) the action by the Fed to raise their assessment of the economy in its post-FOMC statement that said "labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated," and that "strains in global financial markets have eased, though they continue to pose significant downside risks to the economic outlook," and (4) supply pressures ahead of the Treasury's $13 billion auction of 30-year T-bonds on Wednesday. Bullish factors included (1) ongoing European-sovereign debt concerns which keeps the safe-haven demand strong for Treasuries after European Commissioner Barroso said the situation in Europe "remains fragile as we are not yet out of the crisis," and (2) decent demand for the Treasury's $21 billion auction of 10-year T-notes that had a bid-to-cover ratio of 3.24, stronger than the 12-auction average of 3.12.
• The dollar index this morning is stronger and at a 1-3/4 month high with the dollar/yen +0.58 yen and the euro/dollar +0.01 cents. The dollar index Tuesday posted a 1-1/2 month high and settled higher as the yen tumbled to a 10-3/4 month low against the dollar on speculation the BOJ will expand its stimulus measures while the euro fell to a 3-week low against the dollar on speculation a rift may be developing among ECB Council members: Dollar Index +0.303, USD/JPY +0.714, EUR/USD -0.00719. Bullish factors included (1) the strong Feb U.S. retail sales which rose by the most in 5 months and reduces the chance the Fed will add to its dollar-negative stimulus measures, (2) weakness in the yen after BOJ Governor Shirakawa said the BOJ will continue with its strong easing policy, and (3) concern a rift may be building among ECB Council members after ECB Council member and Bundesbank President Weidmann sent a letter to ECB President Draghi saying the ECB is taking risks with its non-standard emergency liquidity measures. Bearish factors included (1) the larger-than-expected increase in the Mar German ZEW economic sentiment to a 21-month high, which is euro supportive and (2) reduced safe-haven demand for the dollar after the S&P 500 rose to a 3-3/4 year high.
• Apr crude oil prices this morning are down -8 cents a barrel and Apr gasoline is +0.59 of a cent per gallon. Crude oil and gasoline prices Tuesday settled higher after strength in U.S. retail sales along with a surge in German economic sentiment offset the negative aspects of a strong dollar: CLJ12 +$0.37, RBJ +3.16. Apr gasoline posted a 1-week high. Bullish factors included (1) the surge in the Mar German ZEW economic sentiment to a 21-month high, which is positive for energy demand and consumption, (2) the increase in Feb U.S. retail sales by the most in 5 months, which signals economic strength that is positive for fuel consumption, and (3) the rally in the S&P 500 to a 3-3/4 year high, which boosts confidence in the economic outlook and energy demand. Bearish factors included (1) the rally in the dollar index to a 1-1/2 month high, which discourages investment demand in commodities, (2) concern the European sovereign-debt crisis will continue after European Commissioner Barroso said the situation in Europe "remains fragile as we are not yet out of the crisis," and (3) carry-over weakness from the slide in natural gas prices to a 10-year nearest-futures low. Expectations for Wednesday's weekly inventory report from the DOE are for crude oil supplies to climb +1.75 million bbl, gasoline stockpiles to fall -1.5 million bbl, distillate inventories to decline -1.45 million bbl and the refinery utilization rate to remain unchanged at 83.9% of capacity.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): YOKU-Youku (BEST earnings consensus -$0.05), GES-Guess? (1.04), VRA-Vera Bradley (0.47), OILT-Oiltanking Partners LP (0.32), RNF-Rentech Nitrogen Partners LP (0.63), GEOI-GeoResources (0.39), FXCM-FXCM Inc. (0.17), RUE-Rue21 (0.49), NGL-NGL Energy Partners LP (0.68).
Global Financial Calendar

Wednesday 3/14/12
United States
0700 ET	Weekly MBA mortgage applications, previous -1.2% with purchase mortgage sub-index +2.1% and refinancing sub-index -2.0%.
0830 ET	Feb import price index expected +0.6% m/m and +5.9% y/y, Jan +0.3% m/m and +7.1% y/y.
0830 ET	Q4 current account balance expected -$114.80 billion, Q3 -$110.28 billion.
0900 ET	Fed Chairman Ben Bernanke speaks at the Independent Community Bankers of America convention in Nashville, TN.
1300 ET	Treasury auctions $13 billion 30-year T-bonds.
Japan
0030 ET	Revised Jan Japan industrial production, previous +2.0% m/m and -1.2% y/y. Revised Jan capacity utilization, previous +3.1% m/m.
0200 ET	Revised Feb Japan machine tool orders, previous -8.6% y/y.
United Kingdom
0530 ET	Feb U.K. jobless claims change expected +5,000, Jan +6,900. Feb claimant count rate expected 5.0%, Jan 5.0%.
0530 ET	Jan U.K. avg weekly earnings expected +1.9% 3-mo/year-over-year, Dec +2.0% 3-mo/year-over-year.
0530 ET	Jan U.K. avg weekly earnings ex-bonus expected +1.9% 3-mo/year-over-year, Dec +2.0% 3-mo/year-over-year.
0530 ET	Jan U.K. ILO unemployment rate expected 8.4%, Dec 8.4%.
Euro-Zone
0600 ET	Feb Euro-Zone CPI expected +0.5% m/m and +2.7% y/y, Jan -0.8% m/m and +2.6% y/y. Feb core CPI expected +1.6% y/y, Jan +1.5% y/y.
0600 ET	Jan Euro-Zone industrial production expected +0.6% m/m and -0.8% y/y, Dec -1.2% m/m and -2.0% y/y.
0800 ET	ECB Executive Board member Peter Praet speaks at the ?Collateral Solutions Conference? in Paris.
Canada
0830 ET	Q4 Canada capacity utilization rate expected 81.5%, Q3 81.3%.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Trimble Navigation Barchart Chart of the Day

Barchart.coms Chart of the Day - Trimble Navigation (TRMB)

Barchart Research Team - Barchart.com - Tue Mar 13, 5:05PM CDT

Related Stocks

TRMB - Trimble Navigation Limited

Sym	Last	Chg	Pct
TRMB	52.49	-0.54	-1.02%

The "Chart of the Day" is Trimble Navigation (TRMB), which showed up on Tuesday's Barchart "All Time High" list. Trimble on Tuesday posted a new all-time high of $53.03 and closed +4.47%. TrendSpotter just turned Long again on Tuesday after 5 sessions in neutral mode. In recent news on the stock, Trimble on Feb 2 reported Q4 EPS of 54 cents versus the consensus of 48 cents and provided guidance for Q1 EPS of 61-63 cents that was above the consensus of 58 cents. Piper Jaffray on Jan 9 said that the pull-back in Trimble represented a good buying opportunity and reiterated its Overweight rating and target of $57. Trimble Navigation, with a market cap of $6 billion, applies technology to make field and mobile workers in businesses and government significantly more productive. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions include software content specific to the needs of the user.


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: 100% Buy
• Medium-Term Indicators: 75% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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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

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

Ross Stores for growth

COMPLETE ARTICLE AND GRAPHS

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 8 new highs and up 5.18% in the last month
• Relative Strength Index 70.76%
• Barchart computes a technical support level at 53.18
• Recently traded at 54.49 with a 50 day moving average of 51.15

3 Mid Cap S&P 400 stocks on the move up

This morning I used Barchart to screen the Mid Cap S&P 400 stocks to find the 3 with the most steady upward price momentum and found Fair Isaac (FICO), Under Armour (UA) and Exelis (XLS).

Fair Isaac (FICO)

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 7.34% in the last month
• Relative Strength Index 66.31%
• Barchart computes a technical support level at 41.77
• Recently traded at 42.09 with a 50 day moving average of 38.66

Under Armour (UA)

Barchart techical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 16.56% in the last month
• Relative Strength Index 73.83%
• Barchart computes a technical support level at 94.86
• Recently traded at 92.26 with a 50 day moving average of 81.53

Exelis (XLS)

Barchart technical indicators:

• Stocks trading less than 6 month do not have Opinion or Trend Spotter ratings
• Above its 20 and 50 day moving averages
• 12 new highs and up 19.18% in the last month
• Relative Strength Index 77.53%
• Recently traded at 12.21 with a 50 day moving average of 10.26

Barchart Morning Call 3/13

Barchart Morning Call

Barchart.com - 2 hrs 34 mins ago

Overnight Developments

• Global stocks this morning are higher with the Euro Stoxx 50 up +1.10% and Jun S&Ps up +8.10 points at a fresh contract high. The main bullish factor for stocks and commodities today is the larger than expected increase in March German investor confidence on signs the sovereign debt crisis was abating. The Mar German ZEW economic sentiment rose +16.9 to 22.3, stronger than expectations of +4.6 to 10.0 and its best level in 21 months. Another positive for stocks was the +2.5% y/y increase in Feb French CPI, smaller than expectations of +2.6% y/y as inflation pressures recede. The euro fell back against the dollar after European Commissioner Barroso said the situation in Europe "remains fragile as we are not yet out of the crisis," while the head of the Euro-Zone finance ministers, Jean-Claude Juncker, said Spanish Prime Minister Rajoy's goal of a deficit of 5.8% of GDP "is dead." European finance chiefs are calling on Spain to cut an additional 0.5% of deficit out of the 2012 budget, 10-days after Prime Minister Rajoy raised Spain's deficit target for the year. The dollar rose against most currencies on speculation today's Feb U.S. retail sales will be strong enough to keep the Fed from signaling additional dollar negative easing measures at its FOMC meeting today.
• Asian stocks today closed higher with Japan up +0.09%, China +1.00%, Australia +1.21%, South Korea +1.20%, India +1.28%. Japanese stocks closed higher as exporters rallied when the yen tumbled to a 10-3/4 month low against the dollar, although stocks fell back from their best levels after the BOJ kept the benchmark rate unchanged at 0.00% to 0.10% and also maintained its asset purchase target at 30 trillion yen following its 2-day policy meeting. Chinese stocks received a boost and finished stronger after Deutsche Bank raised its GDP forecast for China this year to 8.6% from 8.3%, while Nomura hiked its China GDP estimate to 8.2% from 7.9%.

Overnight U.S. Stock News

• June S&Ps this morning are trading up +8.10 points at a fresh contract high. The U.S. stock market Monday settled mixed as global growth concerns were offset by improvement in the U.S. labor market: Dow Jones +0.29%, S&P 500 +0.02%, Nasdaq Composite -0.16%. Bearish factors Monday included (1) concerns over a slowdown in the global economy after Feb China exports rose less than expected (+18.4% y/y versus expectations of +31.1% y/y), (2) concern that Greece may still need additional international support after Moody's Investors Service said that Greece faces "significant challenges" in the coming years to achieve fiscal targets required to satisfy conditions for international support and may not regain market access when its second bailout expires, and (3) weakness in bank stocks after the cost of insuring against default on European sovereign bonds increased to a 1-3/4 month high.
• Bullish factors Monday included (1) continued improvement in the U.S. labor market after the Feb Conference Board Employment Trends Index rose to 107.5, the highest in 3-1/2 years, (2) comments from the head of the Euro-Zone finance ministers, Jean-Claude Juncker, who said he had "no doubt" that a second bailout program for Greece would be approved, and (3) speculation that recent weak economic data from China will prompt the Chinese government into additional easing measures to spur economic growth.
• Yahoo! (YHOO) rose 1.8% in pre-market trading after it filed a complaint in federal court late yesterday seeking triple damages and an order barring Facebook from infringing on 10 of its patents.

Today's Market Focus

• June 10-year T-notes this morning are down -3.5 ticks. T-note prices Monday strengthened and settled higher on global economic growth concerns after Feb China exports rose less than expected along with concern Greece will need further international assistance after its debt swap: TYM2 +1.0, FVM2 -1.2, EDU2 unchanged. Bullish factors Monday included (1) the smaller-than-expected increase in Feb China exports, which signals a slowdown in global economic growth, (2) the statement from Moody's Investors Service that Greece faces "significant challenges" in the coming years to achieve fiscal targets required to satisfy conditions for international support and may not regain market access when its second bailout expires, (3) strong demand for U.S. government debt by U.S. banks after Fed data showed commercial lenders purchased $78.2 billion of Treasuries and securities of agencies in Jan and Feb of this year, compared with purchases of $62.6 billion for all of 2011, and (4) decent demand for the Treasury's $32 billion auction of 3-year T-notes that had a bid-to-cover ratio of 3.44, higher than the 12-auction average of 3.34. Bearish factors included (1) the increase in the Feb Conference Board Employment Trends Index to 107.5, the highest in 3-1/2 years and another sign of improvement in the U.S. labor market and (2) supply pressures ahead of the Treasury's $21 billion auction of 10-year T-notes on Tuesday.
• The dollar index this morning is stronger with the dollar/yen +0.46 yen and the euro/dollar -0.44 cents. The dollar index Monday rallied up to a 1-1/2 month high early but then shed its advance and settled lower on reduced safe-haven demand as U.S. job prospects brightened in Feb: Dollar Index -0.151, USD/JPY -0.214, EUR/USD +0.00322. Bearish factors included (1) reduced safe-haven demand for the dollar after the Feb Conference Board Employment Trends Index rose 1.4% to 107.5, the highest in 3-1/2 years and another sign the labor market is gaining traction, and (2) strength in the yen against the dollar after Jan Japan machine orders rose more than expected. Bullish factors included (1) increased safe-haven demand for the dollar after the cost of insuring against default on European sovereign bonds increased as the Markit iTraxx SovX Western Europe Index of credit-default swaps on 15 governments rose 4 bp to 355, a 1-3/4 month high and (2) weakness in the Chinese yuan against the dollar after the Feb China trade deficit widened to -$31.48 billion, larger than expectations of -$5.35 billion and the widest in 22 years.
• Apr crude oil prices this morning are up +45 cents a barrel and Apr gasoline is +1.43 cents per gallon. Crude oil and gasoline prices Monday closed lower after Chinese economic data signaled slower growth in the world's second-largest consumer of crude oil: CLJ12 -$1.06, RBJ -0.94. Bearish factors included (1) the smaller-than-expected increases in Feb China exports, which signals slower economic growth and energy demand, (2) the statement from the secretary-general of the IEA who said "even now the global oil market is well-supplied" and that new discoveries are enough to replace depleting oil fields, and (3) comments from UAE oil minister Mohamed Al-Hamli who tried to jawbone prices lower when he said crude prices are "on the high side," along with comments from Oman Oil Minister Al-Rumhy who said oil prices are "a bit high" and should be at $100 a barrel. Bullish factors included (1) the weaker dollar, which encourages investment demand in commodities and (2) the stronger than expected Jan Japan machine orders, which signals greater-than-expected fuel consumption in the world's third-largest oil consumer.

Today's U.S. Earnings Reports Earnings reports (confirmed releases, sorted by mkt cap): VIP-VimpelCom Ltd. (BEST earnings consensus $0.17), WFT-Weatherford International Ltd. (0.32), FDS-Factset Research Systems (1.12), FRAN-Francesca's Holdings (0.17), TLP-Transmontaigne Partners LP (0.55).
Global Financial Calendar

Tuesday 3/13/12
United States
0745 ET	ICSC (Int?l Council of Shopping Centers) weekly retailer sales.
0830 ET	Feb retail sales expected +1.1% and +0.7% less autos, Jan +0.4% and +0.7% less autos.
0855 ET	Redbook weekly retailer sales.
0900 ET	FOMC begins 1-day policy meeting.
1000 ET	Mar IBD/TIPP economic optimism expected +0.6 to 50.0, Feb +1.9 to 49.4.
1000 ET	Jan business inventories expected +0.5%, Dec +0.4%.
1130 ET	Weekly 4-week T-bill auction.
1300 ET	Treasury auctions $21 billion 10-year T-notes.
1415 ET	FOMC announces interest rate decision (no change expected to the federal funds rate target range of zero to 0.25%).
France
0230 ET	Feb France CPI (EU harmonized) expected +0.5% m/m and +2.6% y/y, Jan -0.4% m/m and +2.6% y/y.
United Kingdom
0530 ET	Jan U.K. DCLG house prices, Dec +0.1% y/y.
Germany
0600 ET	Mar German ZEW economic sentiment expected +4.6 to 10.0, Feb +27.0 to 5.4. Mar ZEW current situation expected +1.2 to 41.5, Feb +11.9 to 40.3.
Euro-Zone
0730 ET	ECB President Mario Draghi speaks at an event in Paris.
Japan
1950 ET	Q1 Japan BSI all industry, Q4 -2.5 q/q. Q1 BSI large manufacturing, Q4 -6.1 q/q.

Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Alexion Pharmaceuticals - ALXN

Barchart.coms Chart of the Day - Alexion Pharmaceuticals (ALXN)

Barchart Research Team - Barchart.com - Mon Mar 12, 4:52PM CDT

Related Stocks

ALXN - Alexion Pharmaceuticals

Sym	Last	Chg	Pct
ALXN	88.56	+0.69	+0.79%

The "Chart of the Day" is Alexion Pharmaceuticals (ALXN), which showed up on Monday's Barchart "All Time High" list. Alexion on Monday posted a new all-time high of $88.50 and closed up +3.71%. TrendSpotter has been Long since Dec 20 at $68.99. In recent news on the stock, Goldman Sachs on March 2 reiterated Alexion as a Conviction Buy based on the company's high growth potential, attractive drug portfolio, and status as a potential M&A buyout candidate. UBS on Feb 23 upgraded Alexion to a Buy from Neutral and raised the target to $99 from $73. Alexion Pharmaceuticals, with a market cap of $14 billion, develops pharmaceutical products for the treatment of heart disease, and inflammation, diseases of the immune system and cancer in humans.


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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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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

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

Sirius XM Radio vs Pandora

Complete Article and Graphs

Sirius Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• The price is up 23.12% in the last quarter and only 2.14% off its 1 year high
• Relative strength Index 67.40%
• Barchart computes a technical support level 2.16
• Recently traded at 2.28 with a 50 day moving average of 2.07

Pandora Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Although up 23.93% in the last quarter its 48.62% off its 1 year high
• Relative Strength Index 54.78%
• Barchart computes a technical support level at 12.47
• Recently traded at 13.41 with a 50 day moving average of 12.31

Goldman Sachs

Complete Article and Graphs

Barchart technical indicators:

• 56% Barchart technical buy signal
• Trend Spotter buy signal
• Below its 20 day moving average but above its 50 and 100 day moving averages
• Although the stock is 30.29% lower in the past year it now trades about 2.97% off its 1 year high
• Relative Strength Index is 63.47%
• Barchart computes a technical support level at 113.15
• Recently traded at 117.87 with a 50 day moving average of 106.05

Is the Financial Times cheating subscribers?

For some time I've been a happy subscriber to the Financial Times owned by Pearson PLC (PSO) and enjoyed all the wonderful supplements and magazines that have accompanied my subscription.  Recently I noticed that I haven't received the How to Spend It magazine or any other supplement for that matter and after looking on the on-line site found that although they had published many magazines and supplements, I haven't gotten them.

When I called subscription services I was told that "Corporate" had made the decision not to distribute them anymore to many US subscribers.  I protested that I had paid for a full subscription and that it was unreasonable for them to cut services without notice.

In my next issue was an insert from Michael Skapinker, Editor of Special Reports and Supplements surveying subscribers on the magazines and supplements.  I immediately emailed him to ask why he was surveying a discontinued product but he hasn't responded.  Leslie McCoffery from Subscription Services promised me some answers and comments for this article but to date I haven't gotten a rely.

I have questions I'd like answered:

1 - How can a newspaper promise certain services, take my money and then decide not to deliver without notice or refunds?

2 - Have the advertisers who paid for advertisements in the magazines and supplements been informed that it is no longer being delivered to a large number of subscribers and have they received refunds or have advertising rates been adjusted?

Last year the company announced huge layoffs of staff some having over 20 years tenure with the firm and just last month the company announced 26% reduction in net profits.  Is the Financial Times is trouble?

They now join the list of companies cutting services or increasing fees.  Bank of America (BAC) had to reverse itself amid consumer protests of increased fees.  AT&T (T) is seeing customers of their unlimited services finding out the you may pay for unlimited services but that doesn't mean you'll get it.  Now Financial Times cuts the content you've been promised without refunds or notice.

If you are one of the many customers who have been effected email Michael Skapinker, Editor and vice your displeasure:   His email address:  michael.skapinker@ft.com

Maybe you can get the answers I can't get.

5 Large Cap S&P 500 stocks you can't ignore

This morning I used Barchart to screen the Large Cap S&P 500 stocks to find the 5 with be most steady upward momentum and found TJX Companies (TJX), Chipolte Mexican Grill (CMG), O'Reilly Automotive (ORLY), AT & T (T) and Cerner (CERN)

TJX Companies (TJX)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 11.15% in the last month
• Relative Strength Index 76.20%
• Barchart computes a technical support level at 37.80
• Recently traded at 38.17 with a 50 day moving average of 34.56

Chipolte Mexican Grill (CMG)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 14 new highs and up 5.96% in the last month
• Relative Strength Index 71.97%
• Barchart computes a technical support level at 396.56
• Recently traded at 399.42 with a 50 day moving average of 370.44

O'Reilly Automotive (ORLY)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 8.12% in the last month
• Relative Strength Index 70.52%
• Barchart computes a technical support level at 89.84
• Recently traded at 90.20 with a 50 day moving average of 83.92

AT&T (T)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 4.99% in the last month
• Relative Strength Index 71.90%
• Barchart computes a technical support level at 31.12
• Recently traded at 31.30 with a 50 day moving average of 30.20

Cerner (CERN)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 9.95% in the last month
• Relative Strength Index 70.11%
• Barchart computes a technical support level at 75.36
• Recently traded at 76.26+ with a 50 day moving average of 66.95