3 Stock Hitting New Hihgs

Today I used the Barchart New High list of stocks trading over 100K shares a day and sorted for frequency.  Near the top of the list were Newell Rubbermaid (NWL), Old Dominion Freight Lines (ODFL), Allegiant Travel Company (ALGT), Sabra Healthcare REIT (SBRA) and EchoStar Corporation (SATS)

Newell Rubbermaid (NWL)

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 11.50% in the last month
• Relative Strength Index 70.19%
• Barchart computes a technical support level at 20.58
• Recently traded at 21.04 with a 50 day moving average of 19.26

Old Dominion Freight Lines (ODFL)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 14 new highs and up 16.00% in the last month
• Relative Strength Index 73.34%
• Barchart computes a technical support level at 33.36
• Recently traded at 33.78 with a 50 day moving average of 30.50

Allegiant Travel Company (ALGT)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 14 new highs and up 12.89% in the last month
• Relative Strength Index 66.60%
• Barchart computes a technical support level at 70.15
• Recently traded at 72.97 with a 50 day moving average of 67.05

Sabra HealthCare REIT (SBRA)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 9.69% in the last month
• Relative Strength Index 76.00%
• Barchart computes a technical support level at 21.86
• Recently traded at 22.19 with a 50 day moving average of 20.36

EchoStar Corporation (SATS)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 11.62% in the last month
• Relative Strength Index 76.52%
• Barchart computes a technical support level at 32.47
• Recently traded at 32.96 with a 50 day moving average of 29.65

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Barchart Morning Call 11/2

Barchart Morning Call

BC - Fri Nov 02, 7:00AM CDT

Overnight Developments

• Dec E-mini S&Ps this morning are unchanged ahead of this morning's Oct U.S. unemployment report (payrolls expected +125,000; unemployment rate expected +0.1 to 7.8%). The Euro Stoxx 50 index is virtually unchanged. Asia stocks today closed higher on support from yesterday's positive U.S. economic data with Japan up +1.17%, Hong Kong up +1.33%, and China up +0.39%. Commodity prices are mildly lower by -0.20% due in part to this morning's 0.35% rally in the dollar index. Dec crude oil is down -0.83%, Dec gasoline is down -0.05%, Dec gold is down -0.35%, Dec copper is down -0.62%, corn and soybeans are lower while the rest of the agriculture sector is higher. EUR/USD is down -0.51% on worries about whether the Greece coalition will be able to hold together to approve austerity measures. Dec 10-year T-notes are down 1 tick.
• The Eurozone final-Oct manufacturing PMI was revised slightly higher by 0.1 point to 45.4 from the preliminary report of 45.3. That left the Oct index down by 0.7 points from 46.1 in September and indicated that the Eurozone manufacturing sector contracted at a faster rate in October than in September.
• The German final-Oct manufacturing PMI was revised slightly higher by 0.3 points to 46.0 from the preliminary report of 45.7. That left the index down by 1.4 points from 47.4 in September.
• The UK Oct construction PMI report of 50.9 was up by 1.4 points from 49.5 in Sep and was substantially stronger than market expectations for a 0.5 point drop to 49.0.
• The Chinese central bank (People's Bank of China or PBOC) said in its third-quarter monetary report that the Chinese economy will maintain stable, relatively fast growth. The PBOC said it will continue to pursue a prudent monetary policy but that China will continue to firmly curb housing speculation.
• China's Securities Journal reported that China will allow small banks to have lower reserve requirement ratios in order to encourage those banks to step up their lending to smaller companies.
  Market Comments
  • Dec E-mini S&Ps this morning are unchanged as the market treads water ahead of today's Oct unemployment report. There has been little news overnight to impact the markets. The S&P 500 index on Thursday closed with a fairly sharp gain: S&P 500 +1.09%, Dow Jones +1.04%, Nasdaq +1.50%. The market was boosted by stronger-than-expected U.S. economic data and a rise in both of China's manufacturing PMI reports. The Oct U.S. ISM manufacturing index rose by +0.2 to 51.7, which was stronger than market expectations for a -0.5 point drop to 51.0. Moreover, the Oct ISM new orders sub-index rose by 1.9 points, adding to Sep's +5.2 point rise and posting a new 5-month high. Initial unemployment claims fell by 9,000 to 363,000, which showed a slightly stronger labor market than expectations for a decline to 370,000. Continuing claims rose by +4,000 to 3.263 mln. Oct ADP jobs rose +158,000, which was above expectations of +131,000, although Sep was revised lower by 48,000 to +114,000 from +162,000. The only weak U.S. report was the decline in U.S. Oct vehicle sales to 14.22 million units from 14.88 million in September, which was weaker than market expectations for a rise to 14.90 million units. China's Oct PMI from the China Federation of Logistics and Purchasing rose +0.4 points to 50.2 from 49.8 in Sep, which was in line with market expectations. Meanwhile, the Chinese Oct manufacturing PMI from HSBC rose 1.6 points to 49.5 from 47.9 and was 0.4 points stronger than the flash report and market expectations of 49.1.
  • Dec 10-year T-notes this morning are down 1 tick. Dec 10-year T-note prices on Thursday closed lower: TYZ2 -6.5, FVZ2 -0.25. T-note prices fell on the stronger-than-expected U.S. economic data and on reduced safe-haven demand with the rally in stocks.
  • The dollar index this morning is up +0.28 (+0.35%) on continued support from yesterday's firm U.S. economic data. EUR/USD is down -0.0066 (-0.51%) on cracks in the Greek coalition and squabbling among Eurozone officials about how Greece's debt load can be reduced to more realistic levels. USD/JPY is mildly higher by +0.15 (+0.19%). The dollar index on Thursday closed slightly higher: Dollar index +0.02 (+0.15%), EUR/USD -0.0017 (-0.13%), USD/JPY +0.35 (+0.44%). The dollar index received support from the stronger-than-expected U.S. economic data but was undercut by reduced safe-haven demand with the rally in stocks. EUR/USD closed slightly lower and was undercut by fresh doubts about whether the Greek parliament will be able to approve the austerity measures that are necessary to qualify for the next tranche of bailout aid.
  • Dec WTI crude oil prices this morning are down -0.72 (-0.83%) and Dec gasoline is down -0.0012 (-0.05%). Dec crude oil and gasoline prices on Thursday closed higher: CLZ2 +0.85 (+0.99%), RBZ2 +0.0033 (+0.13%). Bullish factors included the stronger-than-expected U.S. economic data and the unexpected -2.0 million barrel drop in DOE U.S. crude oil inventories versus expectations for a +1.75 million barrel increase. Meanwhile, gasoline inventories rose by +935,000 barrels and distillate inventories fell by -93,000 barrels. The refinery utilization rate rose by +0.5 points to 87.7% were it was 3.2 points above the 5-year seasonal average. On the bearish side, U.S. crude oil production rose by 0.9% to a new 17-3/4 year high of 6.669 million barrels per day.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): CVX-Chevron (Consensus:$2.84), HES-Hess (1.19), ED-Consolidated Edison (1.38), PPl-PPL Corp (0.67), MHP-McGraw Hill (1.31), RL-Ralph Lauren (2.15), BEAM-Beam Inc (0.55), NI-Nisource (0.04), VMC-Vulcan Materials (0.16), PNW-Pinnacle West (2.24), XEC-Cimarex Energy (0.95), LNT-Alliant Energy (1.30), NRG-NRG Energy (0.44), BPL-Buckeye Partners (0.73), NVE-NV Energy (0.88), IT-Gartner (0.35), VHI-Valhi (na), IEP-Icahn Enterprise (na), OZM-Och-Zill (0.13), DRC-Dresser-Rand (0.68), HUN-Huntsman (0.51), WTR-Aqua America (0.35), SEE-Sealed Air (0.31), USM-US Cellular (0.61), MSG-Madison Square (0.20).
    Global Financial Calendar
    

    Friday 11/2/12
    United States
    0830 ET	Oct non-farm payrolls expected +125,000, Sep +114,000. Oct private payrolls expected +124,000, Sep +104,000. Oct mfg payrolls expected -3,000, Sep -16,000. Oct unemployment rate expected +0.1 to 7.9%, Sep down -0.3 to 7.8%. Oct household employment, Sep +873,000.
    0830 ET	Oct average hourly earnings expected +0.2% m/m and +1.7% y/y, Sep +0.3% m/m and +1.8% y/y. Oct average weekly hours expected unch at 34.5 hours, Sep 34.5.
    0945 ET	Oct New York ISM index, Sep 52.9.
    1000 ET	Sep factory orders expected +4.6% m/m, Aug -5.2% m/m.
    Germany
    0455 ET	German final Oct manufacturing PMI expected no change at 45.7.
    Euro-Zone
    0500 ET	Eurozone final Oct manufacturing PMI expected no change at 45.3.
    United Kingdom
    0530 ET	UK Oct construction PMI expected -0.5 to 49.0, Sep 49.5.
    CHI
    2000 ET	China Oct non-manufacturing PMI, Sep 53.7.

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

Aon PLC - AON - Barchart Chart of the DAt

Barchart.coms Chart of the Day - Aon Plc (AON) Barchart Research Team - BC - Thu Nov 01, 4:45PM CDT The "Chart of the Day" is Aon Plc (AON), which showed up on Thursday's Barchart "All-Time High" list. Aon on Thursday posted a new all-time high of $54.60 and closed +1.58%. TrendSpotter has been long since last Friday at $53.84. In recent news on the stock, Goldman Sachs on Oct 12 upgraded Aon to Buy from Neutral with a target of $62 based on relative valuation, buybacks, higher cash returns, and low European risks. MKM Partners on Oct 16 initiated coverage on Aon with a Buy and a target of $62. BoA/Merrill, on the other hand, downgraded Aon to Neutral from Buy on Oct 29 with a target of $57 due to valuation. Aon on Oct 26 reported Q3 EPS of 95 cents, well above the consensus of 89 cents. Aon, with a market cap of $17 billion, provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. 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 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

5 Small Cap Picks

Today I sorted the S&P 600 Small Cap Index to find the 5 with the best Barchart technical indicators and near the top of the list were Universal Health Realty Income Trust (UHT), Tyler Technologies (TYL), Toro Company (TTC), Stewart Information Services (STC) and Polyone Corporation (POL):

Universal Health Realty Income Trust

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 6.51% in the last month
• Relative Strength Index 73.17%
• Barchart computes a technical support level at 48.45
• Recently traded at 49.44 with a 50 day moving average of 45.93

Tyler Technologies (TYL)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 7.79% in the last month
• Relative Strength Index 72.63%
• Barchart computes  a technical support level at 46.89
• Recently traded at 47.81 with a 50 day moving average of 42.61

Toro Company (TTC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 6.08% in the last month
• Relative Strength Index 64.72%
• Barchart computes a technical support level at 40.79
• Recently traded at 42.22 with a 50 day moving average of 39.36

Stewart Information Services (STC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 14.59% in the last month
• Relative Strength Index 66.13%
• Barchart computes a technical support level at 19.67
• Recently traded at 23.32 with a 50 day moving average of 20.42

Polyone Corporation (POL)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 14.66% in the last month
• Relative Strength Index 75.30%
• Barchart computes a technical support level at 18.38
• Recently traded at 18.93 with a 50 day moving average of 16.51

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Barchart Morning Call 11/1

Barchart Morning Call

BC - 21 mins ago

Overnight Developments

• Dec E-mini S&Ps this morning are slightly lower by -0.04%. European stocks are up +0.55% and the big Asian stock markets closed higher with Japan up +0.21%, Hong Kong up +0.83%, and China up +1.91% on increases in China's manufacturing PMI reports. Commodity prices are up +0.46% this morning with Dec crude oil up +0.24%, Dec gasoline +0.24%, Dec gold +0.32%, Dec copper +1.02%, and agricultural prices trading mostly higher. The dollar index is slightly higher by +0.09% while EUR/USD is down -0.08%. Dec 10-year T-note prices are down 6 ticks.
• China's two manufacturing PMI reports both rose and suggested that the Chinese manufacturing sector may be bottoming out. The Oct PMI from the China Federation of Logistics and Purchasing and the National Bureau of Statistics rose +0.4 points to 50.2 from 49.8 in Sep, which was in line with market expectations. The manufacturing PMI rose back above the expansion-contraction level of 50.0 for the first time since July when the index fell below 50.0 in August and September. Meanwhile, the Chinese Oct manufacturing PMI from HSBC rose 1.6 points to 49.5 from 47.9 and was 0.4 points stronger than the flash report and market expectations of 49.1. The HSBC index has been below 50.0 for 12 consecutive months.
• The Oct UK Oct PMI manufacturing index fell by -0.6 points to 47.5 from Sep's revised 48.1 (prelim 48.4) and was 0.5 points weaker than market expectations for a report of 48.0.
• The U.S. Labor Department will release the U.S. Oct unemployment report as originally scheduled on Friday, according to a statement yesterday by the Labor Department. There had been some doubts about an on-time release considering that the federal government was closed on Monday and Tuesday.
• The Northeastern U.S. continues to see major power outages with about 6 million electricity customers still having no power, although that is down from 8.5 million in the immediate aftermath of the storm.
• U.S. Treasury Secretary Geithner and ECB President Draghi will attend the G-20 meeting in Mexico City to be held this coming Sunday-Monday (Nov 4-5), thus reducing its importance. Finance ministers from France and Brazil also will not attend. The market is not expecting anything of consequence to come out of the meeting in any case.
  Market Comments
  • Dec E-mini S&Ps this morning are down -0.50 points (-0.04%) as the market braces for a heavy slate of U.S. economic reports today and continues to total up the damage from Hurricane Sandy. However, the market is seeing support from a +0.55% rally in the Euro Stoxx 50 index and from rallies in Asian stocks on the rise in China's two manufacturing PMI reports. U.S. stocks on Wednesday erased an early rally and closed mostly lower on concern about the economic damage from Hurricane Sandy and after the Oct Chicago purchasing managers index rose less than expected and remained in contraction mode (+0.2 to 49.9) for a second month: S&P 500 +0.02%, Dow Jones -0.08%, Nasdaq -0.67%. Supportive factors included the smaller-than-expected increase in the Q3 employment cost index (+0.4%), strength in automakers and a rally in home-improvement stocks amid speculation that they will benefit by spending to rebuild from Hurricane Sandy.
  • Dec 10-year T-notes this morning are down 6 ticks on the strength in global stocks. Dec 10-year T-note prices Wednesday closed higher on speculation Hurricane Sandy will cut U.S. economic growth along with month-end buying by dealers who bought longer-term Treasuries to match adjustments in duration of bond indexes used as performance benchmarks: TYZ2 +11.5, FVZ2 +8.0. Other bullish factors included the smaller than expected increase in the Oct Chicago purchasing managers index (+0.2 to 49.9) and dovish comments from Minneapolis Fed President Kocherlakota who said that the subdued outlook for inflation suggests current monetary policy is currently "too tight," which suggests he favors additional Fed stimulus measures.
  • The dollar index this morning is trading slightly higher by +0.07 (+0.09%). EUR/USD is down -0.0010 (-0.08%) and USD/JPY is up +0.25 (+0.31%). The dollar index Wednesday erased early losses and closed little changed on concern Greece will have problems making the spending cuts it needs to make in order to receive further aid: Dollar index -0.012 (-0.02%), EUR/USD -0.0002 (-0.02%), USD/JPY +0.024 (+0.03%). EUR/USD shed gains and closed little changed after comments from German Finance Minister Schaeuble increased European sovereign debt concerns when he said that the timely payment of Greece's next tranche of aid was "ambitious."
  • Dec WTI crude oil prices this morning are up +0.21 (+0.24%) and Dec gasoline is up +0.0064 (+0.24%). Dec crude oil and gasoline prices on Wednesday closed higher as refiners in the Northeast began to resume operations after being closed for Hurricane Sandy, which increases their demand for crude: CLZ2 +0.56 (+0.65%), RBZ2 +0.0145 (+0.55%). The weekly DOE inventory report, which will be released today, is expected to show crude stockpiles rose +1.75 million barrels, gasoline supplies slipped -500,000 barrels, distillate stocks dropped -1.4 million barrels and the refinery utilization rate climbed +0.1 to 87.3%. Today's DOE report is for the week ended Oct 26 and will not show any direct effects from Hurricane Sandy, which made landfall on Monday, Oct 29.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): XOM-Exxon (Consensus:$1.96), PFE-Pfizer (0.53), AIG-AIG (0.87), EPD-Enterprise Products (0.61), LVS-Las Vegas Sands (0.60), SBUX-Starbucks (0.45), APA-Apache (2.24), EXC-Exelon (0.72), PCLN-Priceline (11.80), ADP-ADP (0.62), NEM-Newmont Mining (0.89), EL-Estee Lauder (0.77), FE-FirstEnergy (1.06), SE-Spectra Energy (0.31), K-Kellogg (0.81), MPC-Marathon Petroleum (3.23), PEG-Public Service Enterprises (0.72), NLY-Annaly Capital (0.47), EIX-Edision (1.00), VNO-Vornado Realty Trust (0.61), SIRI-Sirius XM Radio (0.02), CI-Cigna (1.36), HCA-HCA Holdings (0.79), ESV-Ensco (1.30), CHK-Chesapeake Energy (0.10), SWN-Southwestern Energy (0.33), TDC-Teradata (0.67), WPI-Watson Pharmaceutical (1.28), LNKD-LinkedIn (0.11), IVZ-Invesco (0.44), VRTX-Vertex Pharm (0.34), RSG-Republic Services (0.49).
    Global Financial Calendar
    

    Global Calendar - Thursday 11/1/12
    Today's News (ET release time)
    United States
    0730 ET	Oct Challenger job cuts, Sep -70.80% y/y.
    0815 ET	Oct ADP employment change expected +135,000, Sep +162,000.
    0830 ET	Weekly initial unemployment claims expected +1,000 to 370,000, previous -23,000 to 369,000. Weekly continuing claims expected -4,000 to 3.250 million, previous -2,000 to 3.254 mln.
    0830 ET	Q3 non-farm productivity expected +1.8% y/y, Q2 +2.2%. Q3 unit labor costs expected +0.8%, Q2 +1.5%.
    0830 ET	USDA weekly U.S. Export Sales.
    1000 ET	Oct ISM manufacturing index expected -0.5 to 51.0, Sep +1.9 to 51.5. Oct ISM prices paid index expected -1.5 to 56.5, Sep +4.0 to 58.0.
    1000 ET	Oct consumer confidence (Conference Board) expected +2.7 to 73.0, Sep 70.3 (postponed from Tuesday).
    1000 ET	Sep construction spending expected +0.7%, Aug -0.6% m/m.
    1230 ET	Atlanta Fed President Dennis Lockhart speaks to Chattanooga Downtown Rotary in Chattanooga, TN.
    1630 ET	Weekly money supply report and Fed balance sheet.
    1700 ET	Oct total vehicle sales expected 14.9 mln, Sep 14.88 mln. Oct domestic vehicle sales expected 11.48 mln, Sep 11.49 mln.
    1700 ET	Boston Fed President Eric Rosengren speaks on U.S. economic outlook at Babson College.
    Japan
    0100 ET	Japan Oct vehicle sales, Sep -8.1% y/y.
    United Kingdom
    0300 ET	UK Oct nationwide house prices expected +0.1% m/m and -1.2% y/y, Sep -0.4% m/m and -1.4% y/y.
    0530 ET	UK Oct manufacturing PMI expected -0.4 to 48.0, Sep 48.4.

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

Discovery Financial Services - DFS - Barchart Chart of the Day

Barchart.coms Chart of the Day - Discover Financial Services (DFS)

Barchart Research Team - BC - Wed Oct 31, 3:42PM CDT

The "Chart of the Day" is Discover Financial Services (DFS), which showed up on Wednesday's Barchart "All-Time High" list. Discover on Wednesday posted a new all-time high of $41.02 and closed +1.86%. TrendSpotter has been long since Sep 28 at $39.73. Discover was last featured by "Chart of the Day" as of the close on July 27, 2012 at $36.41. In recent news on the stock, Janney Capital on Oct 10 initiated coverage on Discover with a Buy and a target of $47. Discover Financial Services, with a market cap of $20 billion, operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom.


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

3 Mid Cap Picks

Today I sorted the S&P 400 Mid Cap Index to find 3 with great Barchart technical indicators and near the top of the list were Signature Bank (SBNY), Raymond James Financial (RJF) and Ingredion (INGR):

Signature Bank (SBNY)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 7.88% in the last month
• Relative Strength Index 73.78
• Barchart computes a technical support level at 70.93
• Recently traded at 71.74 with a 50 day moving average of 66.44

Raymond James Financial (RJF)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 4.56% in the last month
• Relative Strength Index 60.07%
• Barchart computes a technical support level at 37.41
• Recently traded at 38.28 with a 50 day moving average of 36.79

Ingredion (INGR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 12.54% in the last month
• Relative Strength Index 69.09%
• Barchart computes a technical support level at 59.29
• Recently traded at 60.84 with a 50 day moving average of 55.50

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3 Large Cap Picks

Today I sorted the S&P 500  Large Cap Index to find the ones with the best Barchart technical indicators and near the top of the list were Whirlpool (WHR), Precision Castparts (PCP) and Paccar (PCAR):

Whirlpool (WHR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 16.43% in the last month
• Relative Strength Index 77.54%
• Barchart computes a technical support level at 92.50
• Recently traded at 95.29 with a 50 day moving average of 82.14

Precision Castparts (PCP)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.67% in the last month
• Relative Strength Index 63.14%
• Barchart computes a technical support level at 164.10
• Recently traded at 170.19 with a 50 day moving average of 162.91

Paccar (PCAR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 8.62% in the last month
• Relative Strength Index 64.40%
• Barchart computes a technical support level at 42.29
• Recently traded at 43..34 with a 50 day moving average of 40.90

MORE PICKS

Barchart Morning Call 10/30

Barchart Morning Call BC - 1 hr 14 mins ago Overnight Developments Dec E-mini S&Ps this morning are slightly higher by +0.05% from last Friday's close, which is an improvement from Monday's close of down -0.3% from last Friday's close. E-mini S&Ps are getting a boost from today's 1.06% rally in European stocks, which rallied on positive earnings results from BP and Deutsche Bank. European stocks were also supported by successful Italian 5-year and 10-year bond auctions and shook off disappointing German unemployment and Eurozone confidence index news. Japanese stocks fell -0.98% today despite the BOJ's expansion of its asset-purchase program as the market was disappointed by the weak Japanese industrial production report. Hong Kong stocks closed -0.38% but Chinese stocks closed slightly higher by +0.18%. The dollar index today is down -0.28 (-0.35%) on the higher trade in European stocks and E-mini S&Ps. EUR/USD is up +0.40% while USD/JPY is down -0.41%. Dec 10-year T-note prices are down -2 ticks. Commodity prices are up +0.60% today with Dec crude oil up +0.76%, Dec gasoline +0.37%, Dec gold +0.39%, Dec copper up +1.06%, and agriculture prices trading mostly higher. German Oct unemployment rose by +20,000, which was a worse report than expectations of +10,000 and up from September's revised +12,000 (prelim +9,000). The German Oct unemployment rate of 6.9% was in line with market expectations, but the Sep rate was revised higher to 6.9% from 6.8%. The Eurozone confidence indexes were mixed compared with expectations but all of the indexes fell from September. The Eurozone Oct business climate indicator fell to -1.62 from -1.34% in September and was weaker than market expectations of -1.38. The Eurozone Oct economic confidence index of 84.5 fell from a revised 85.2 in September but was slightly stronger than market expectations of 84.4. The Oct industrial confidence index of -18.0 was down from a revised -15.9 in September and was weaker than market expectations of -17.0. The Oct services confidence index of -12.1 was stronger than market expectations of -12.8 but was down from a revised -11.9 in September. Italy today successfully sold 3 billion euros of 10-year bonds at 4.92%, which was the lowest since May 2011 and down from September's auction yield of 5.24%. Italy also successfully sold 4 billion euros of 5-year bonds at 3.80%, down from last month's 4.09%. The bid cover ratios improved to 1.43 from 1.33 in September for the 10-year and to 1.43 from 1.33 in September for the 5-year. Italy's benchmark 10-year yield this morning is down 4 bp at 4.97%. Spain's Q3 GDP fell -0.3% q/q and -1.6% y/y, which was a smaller decline than market expectations of -0.4% q/q and -1.7% y/y. Japan's Sep industrial production report of -4.1% m/m and -8.1% y/y was weaker than market expectations of -3.1% m/m and -7.1% y/y and was weaker than August's report of -1.6% m/m and -4.6% y/y. Separately, Sep vehicle production fell -12.4% y/y from +4.5% y/y in August. The Bank of Japan at its 2-day policy meeting that concluded today announced an 11 trillion yen ($138 billion) increase in its asset-purchase program to 66 trillion yen. The action was in line with market expectations. The BOJ at its September 19 meeting increased its asset purchase program by 11 trillion yen, meaning the BOJ raised its asset purchase target in back-to-back meetings. As an example of the political pressure that the BOJ is feeling from the government, Economy Minister Seiji Maehara attended today's BOJ meeting for the second time. Market Comments Dec E-mini S&Ps this morning are trading at 1408.25, which is up slightly by +0.05% from last Friday's close and better than Monday's last trade of down -0.3% from last Friday's close. E-mini S&Ps have shaken off the poor Japanese industrial production report and focused on the 1.06% rally in European stocks. CME equity index futures close early today at 9:15 AM ET since the NYSE and the other U.S. stock markets are closed. Dec E-mini S&Ps on Monday closed early at 9:15 AM ET due to Hurricane Sandy and at the close were down 4.75 (-0.3%) at 1402.75. The NYSE, Nasdaq and the other stock exchanges were closed on Monday. Friday's closes: S&P 500 -0.07%, Dow Jones +0.03%, Nasdaq 100 +0.31%. E-mini S&Ps saw weakness on Monday due to continued concerns about global growth and poor corporate revenue and earnings, increased worries about Europe with former Prime Minister Berlusconi threatening to withdraw support from the Monti government and force a new election, and a 0.8% sell-off in European stocks. Dec 10-year T-notes this morning are down 2 ticks. Dec 10-year T-note prices on Monday closed mildly higher on increased safe-haven demand with Monday's lower global stocks and the impending damage from Hurricane Sandy: TYZ2 +7, FVZ2 +2.25. CBOT interest rate futures markets closed early at noon ET on Monday in line with the early close in cash Treasuries. The dollar index this morning is mildly lower by -0.28 (-0.35%) on reduced safe-haven demand with the rally in European stocks and the slightly higher trade in E-mini S&Ps. EUR/USD is up +0.0052 (+0.40%). USD/JPY is down -0.33 (-0.41%). The yen rallied despite today's BOJ easing move since it was fully expected. The dollar index on Monday closed mildly higher: Dollar index +0.16 (+0.20%), EUR/USD -0.00034 (-0.26%), USD/JPY +0.15 (+0.19%). The dollar index received a boost from safe-haven demand on weak U.S. and European stocks and the impending damage from Hurricane Sandy. EUR/USD was undercut by the threat by former Prime Minister Berlusconi to withdraw his party's support for the Monti government, which would result in early elections and possible political chaos. In addition, Eurozone officials are having trouble figuring out how to cover the 20-30 billion euro hole in Greece's deficit outlook without going back to national legislatures for a bigger bailout package. Dec WTI crude oil prices this morning are up +0.65 (+0.76%) and Dec gasoline is up +0.0097 (+0.37%). Dec crude oil and gasoline prices on Monday settled lower: CLZ2 -0.74 (-0.86%), RBZ2 -0.0006 (-0.02%). Dec crude oil prices fell on the mildly higher close in the dollar and on general commodity weakness and technical selling. Gasoline prices ran into buy-the-rumor, sell-the-fact selling as Hurricane Sandy came ashore. Gasoline prices rallied last week on expectations for refinery disruptions in the Northeastern U.S. from Hurricane Sandy as well as disruptions to petroleum shipments in and out of NY Harbor. For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php Today's U.S. Earnings Reports Earnings reports (ranked by market cap): F-Ford (Consensus:$0.30), AGN-Allergan (1.04), WMB-Williams (0.27), ECL-Ecolab (0.87), HCP-HCP Inc (0.47), WPZ-Williams Partners (0.55), CMI-Cummins (1.83), ADM-Archer Daniels (0.43), JCI-Johnson Controls (0.75), VLO-Valero Energy (1.79), WM-Waste Management (0.60), CAH-Cardinal Health (0.79), OKS-Oneok Partners (0.71), STX-Seagate Technology (1.66), WU-Western Union (0.45), DVA-Davita (1.55), FISV-Fiserv (1.27), DLPH-Delphi Automotive (0.73), OKE-Oneok (0.32), EQIX-Equinix (0.59), AMTD-TD Ameritrade (0.25), PNR-Pentair (0.63), CIE-Cobalt (-0.10), VRSK-Verisk Analytics (0.50), KIM-Kimco Realty (0.06), YNDX-Yandex (0.19). Global Financial Calendar Tuesday 10/30/12 United States 0745 ET ICSC (Int'l Council of Shopping Centers) weekly retailer sales. 0855 ET Redbook weekly retailer sales. 0900 ET Aug Case-Shiller Composite-20 house price index expected +0.5% m/m and +1.9% y/y, July +0.4% m/m and +1.2% y/y. 1000 ET Oct U.S. consumer confidence (Conference Board) expected +2.7 to 73.0, Sep +9.0 to 70.3. 1130 ET Weekly 4-week T-bill auction. 1230 ET New York Fed President William Dudley speaks on regional and national economic conditions at an event in Connecticut. 1630 ET API weekly U.S. oil statistics. 2000 ET Minneapolis Fed President Narayana Kocherlakota speaks at public town hall meeting at the University of Minnesota-Duluth. Japan n/a 2-day BOJ meeting concludes. 0000 ET Japan Sep vehicle production, Aug +4.5% y/y. 1915 ET Japan Oct Markit/JMMA manufacturing PMI, Sep 48.0. 2130 ET Japan Sep labor cash earnings expected -0.4% y/y, Aug unch y/y. Germany 0455 ET German Oct unemployment rate expected +0.1 to 6.9%, Sep 6.8%. Oct unemployment change expected +10,000, Sep +9,000. Euro-Zone 0600 ET Eurozone Oct business climate indicator expected -1.40, Sep -1.34. Oct Eurozone final consumer confidence, previous -25.6. Oct economic confidence expected 84.4, Sep 85.0. Oct industrial confidence expected -17.0, Sep -16.1. Oct services confidence expected -13.0, Sep -12. United Kingdom 0700 ET UK Oct CBI reported sales expected 8, Sep 6. 2001 ET UK Oct GfK consumer confidence survey expected unch at -28, Sep -28. Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Eastman Chemical Company - EMN - Barchart Chart of the Day

Barchart.coms Chart of the Day - Eastman Chemical Company (EMN)

Barchart Research Team - BC - Fri Oct 26, 6:31PM CDT

The "Chart of the Day" is Eastman Chemical Company (EMN), which showed up on Friday's Barchart "All-Time High" list. Eastman Chemical gapped higher Friday and posted an all-time at $61.22 and closed up +12.19%. TrendSpotter exited a short position on Eastman Friday and got long at $59.57. In recent news on the stock, Eastman Chemical reported Friday that in Q3 it earned $1.57 per share on an adjusted basis from continuing operations, higher than analysts' estimates of $1.42 per share. Eastman also raised its full-year 2012 earnings forecast to $5.30 to $5.40 per share for the year on an adjusted basis, up from its prior forecast of $5.30 per share, as CEO Jim Rogers said that the company's acquisition of Solutia this summer boosted earnings. Eastman Chemical Company, with a market cap of $8.327 billion, is a global chemical company that manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.


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

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