Raven Industries - RAVN - Barchart's Chart of the Day

Summary:

Raven Industries (RAV) is the Chart of the Day. Since triggering a Trend Spotter buy signal on 2/19 the stock gained 21.37%. In the last month the stock advanced in 19 of the last 20 sessions for a monthly gain of 19.66%.


Article:

Today's Chart of the Day is Raven Industries (RAVN) and was chosen by sorting the Barchart New High list for frequency and reviewing the charts using the Flipchart feature.  The stock has both a Trend Spotter buy and a 96% Barchart technical buy signal.  19 new highs in the last 20 sessions deserves your attention.

Raven Industries operates three business segments: Plastics, Electronics and Sewn Products. It manufactures products such as ultrathin and reinforced plastic films, large-volume plastic and fiberglass tanks, and superior performance outerwear.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical  buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 19.06% in the last month
• Relative Strength Index 80.33%
• Barchart computes a technical support level at 33.22
• Recently traded at 33.61 with a 50 day moving average of 28.72

Fundamental factors:

• Market Cap $ 1.22 billion
• P/E 23.53
• Dividend Yield 1.24%
• Revenue projected to increase 4.40% this year and another 12.00% next year
• Earnings estimated to grow 1.40% this year, an additional 12.30% next year and continue to grow 10.00% annually for 5 years out
• One analyst has a buy recommendation published
• Financial Strength B++

Exit strategy: Consider selling if you lose 10% or the stock drops below its 50 day moving average

5 NASDAQ 100 stocks with Momentum

Today I used Barchar to sort the NASDAQ 100 index to find the stock with the most advances in the last month.  On the list today is Starz Series A Liberty Capital (STRZA) ,  Bed Bath & Beyond (BBBY), Mattel (MAT) , Stericycle (SRCL), and Wynn Resorts Limited (WYNN):

Starz Series A Liberty Capital (STRZA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 18.00% in the last month
• Relative Strength Index 77.24%
• Barchatrt computes a technical support level at 21.42
• Recently traded at 21.89 with a 50 day moving average of 18.57

Bed Bath &  Beyond (BBBY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 14.29% in the last month
• Relative Strength Index 72.09%
• Barchart computes a technical support level at 62.44
• Recently traded at 64.85 with a 50 day moving average of 59.33

Mattel (MAT)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 6.91% in the last month
• Relative Strength Index 74.21%
• Barchart computes a technical support level at 42.92
• Recently traded at 43.57 with a 50 day moving average of 40.30

Stericycle (SRCL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 8.82% in the last month
• Relative Strength Index 71.62%
• Barchatrt computes a technical support level at 102.66
• Recently traded at 104.38 with a 50 day moving average of 97.58

Wynn Resorts Limited (WYNN)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 6.35% in the last month
• Relative Strength Index 65.01%
• Barchart computes a technical support level at 122.10
• Recently traded at 124.49 with a 50 day moving average of 121.10

Barchart Morning Call 3/28

BARCHART MORNING CALL

Thursday, March 28th, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM13 +0.08%) are mildly higher by +0.21% this morning on a +0.50% rally in European stocks and expectations for generally strong U.S. economic reports today and tomorrow. U.S. and European stocks today have been able to shake off a further rise in Italian bond yields and credit default swap prices. Asian stocks today closed mostly lower. The Nikkei index closed down -1.26%, the Hang Seng closed -0.74%, and China's CSI 300 index closed -3.26%. Chinese stocks plunged today led by financial shares after the government put new restrictions on wealth-management products and called for new measures to deregulate interest rates, which will hurt bank earnings. Commodity prices are slightly higher by +0.07% today. May crude oil (CLK13 +0.12%) is up +0.19%, May gasoline (RBK13 -0.37%) is down -0.18%, April gold (GCJ13 -0.37%) is down -0.11%, May copper (HGK13 +0.17%) is down -0.09%, and agriculture prices are mixed. The dollar index (DXY00 -0.16%) is down -0.16% and EUR/USD (^EURUSD) is up +0.13%. USD/JPY (^USDJPY) is down -0.33%. March 10-year T-note prices (ZNM13 -0.07%) are unchanged ahead of today's 7-year T-note auction.
Banks in Cyprus finally reopened today after having been closed for nearly two weeks. The situation was generally calm today. Depositors were only allowed to withdraw a maximum of 300 euros per day and to transfer a maximum of 5,000 euros per month out of the country.
The Italian 10-year bond yield today rose by another 8 bp to 4.86% and 5-year credit default swaps rose by 14 bp to 309 bp as worries increase about Italy's political paralysis. Democratic Party leader Bersani later today is expected to formally tell Italian President Napolitano that he is unable to form a government. Mr. Napolitano is then expected to give an opportunity to one of the other party leaders to form a government. If no government can be formed, then another election will have to be held.
German Feb retail sales rose +0.4% m/m, which was stronger than market expectations for a drop of -0.6%.
German March unemployment rose by +13,000 to 2.94 million, which showed a weaker labor market than market expectations for a drop of -2,000. The German March unemployment rate was unchanged at 6.9%, 0.1 point above the 2-decade low of 6.8%.
Eurozone Feb M3 eased to +3.1% y/y from +3.5% in Jan and was weaker than market expectations of +3.1% y/y.

U.S. STOCK PREVIEW

The U.S. stock market today will be closely watching (1) the reopening of Cyprus banks, and (2) the Italian political situation after the 10-year Italian yield soared by 20 bp yesterday after Democratic Party leader Bersani said he was unable to form a government, thus raising the possibility of a new election where the Euroskeptic Five Star Movement party would likely gain seats.
There are three U.S. economic reports today and two reports tomorrow when the markets are closed but the federal government is open. Today’s weekly initial unemployment claims report is expected to show a small increase of +4,000 to 340,000, adding to last week’s +2,000 increase to 336,000. Today’s Q4 GDP report is expected to be revised higher to +0.5% from the last estimate of +0.1% q/q annualized. Today’s March Chicago PMI index is expected to show a small decline of -0.3 to 56.5. The Chicago PMI increased sharply by a total of 6.8 points in Jan-Feb and posted a new 1-year high of 56.5 in February, indicating a substantial improvement in the Chicago-area manufacturing sector. The Feb core PCE deflator, the Fed's preferred inflation measure is expected to remain unchanged from Jan at +1.3%. Friday’s final-March U.S. consumer confidence index from the University of Michigan is expected to be up by +0.9 to 72.7 from the early March level.
There are 6 of the Russell 1000 companies that report earnings today: Commercial Metals (consensus $0.18), Accenture (0.97), GameStop (2.09), Signet Jewelers (2.09), Mosaic (0.88), adn UTI Worldwide (0.13). Conferences today include CIBC Retail & Consumer Conference and Photon's 8th Solar Electric Utility Conference.
June E-mini S&Ps (ESM13 +0.08%) this morning are slightly higher by +1.75 points (+0.11%) on today's +0.50% rally in the Euro Stoxx 50 index and on expectations for generally strong U.S. economic reports today and tomorrow. The S&P 500 index on Wednesday closed mixed as a rally in healthcare insurance providers offset concern Europe's debt crisis may intensify. The Institute of International Finance said that banks in Portugal, Spain and Italy may come under funding pressure after the Cyprus bailout was done at the expense of bank creditors. Another negative was U.S. Feb pending home sales which fell -0.4% m/m and rose +5.0% y/y, weaker than expectations of -0.3% m/m and +8.7% y/y. Healthcare providers rallied after the U.S. Medicare program was granted authority to raise insurers' payments. Closes: S&P 500 -0.06%, Dow Jones -0.23%, Nasdaq 100 +0.12%.

OVERNIGHT U.S. STOCK MOVERS

• Blackberry (BBRY +0.76%) is up 7% this morning after reporting Q1 adjusted EPS of 22 cents, which was much better than the consensus for a 30-cent loss.
• Accenture (ACN +0.46%) reported Q2 adjusted EPS of $1.00, slightly above the consensus of 97 cents.
• AmerisourceBergen (ABC -0.02%) raised its FY13 continuing ops EPS guidance to $3.04-3.14 from $2.96-3.06.
• Mosaic (MOS -0.09%) reported Q3 EPS with items of 81 cents, below the consensus of 88 cents.
• Winnebago (WGO -1.93%) reported Q2 EPS of 22 cents, well above the consensus of 15 cents.
• H.B. Fuller (FUL -1.62%) reported Q1 adjusted EPS of 49 cents, weaker than consensus of 50 cents.
• Standard & Poor's Ratings Services raised its ratings outlook on JPMorgan Chase (JPM -1.79%) to stable from negative due to the remediation of risks in its CIO unit.
• PVH Corp. (PVH -1.01%) reported Q4 adjusted EPS of $1.60, higher than consensus of $1.50.
• Genworth (GNW -0.29%) climbed over 2% in after-hours trading after it announced the sale of its wealth management business for $412.5 million.
• Greenbrier (GBX +0.66%) rallied 6% in after-hours trading after it announced that it received new orders in Jan-March for 5,400 railcar units valued at around $575 million.
• Ford (F -0.68%) said it sees South American full year 2013 pre-tax results "about breakeven" due to challenges from currency valuations and inflation.
• Verint Systems (VRNT -0.63%) rallied 6% in after-hours trading after reporting Q4 adjusted EPS of 91 cents, well above the consensus of 75 cents.
• Red Hat (RHT +1.46%) plunged 12% in after-hours trading after reporting Q4 revenue of $347.9 million, below consensus of $349.6 million and cutting its Q1 guidance to 30 cents to 31 cents, below the consensus of 32 cents.
• Paychex (PAYX -0.23%) reported Q3 EPS of 40 cents, better than consensus of 39 cents.

MARKET COMMENTS

June 10-year T-notes (ZNM13 -0.07%) this morning are unchanged. The T-note market is looking ahead to today's 7-year T-note sale and the raft of U.S. economic reports that will be released today and tomorrow. June 10-year T-note prices on Wednesday soared to a 3-1/2 month high and closed higher on increased safe-haven demand over concern that turmoil in Italy may keep it from forming a coalition government. T-note prices ignored weak demand for the Treasury's $35 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.73, lower than the 12-auction average of 2.86. Closes: TYM3 +13.6, FVM3 +6.2.
The dollar index (DXY00 -0.16%) this morning is down -0.14 points (-0.16%) on some reduced safe-haven demand with the rally in the U.S. and European stocks. EUR/USD (^EURUSD) is up +0.0017 (+0.13%) and USD/JPY (^USDJPY) is down -0.31 yen (-0.33%). The dollar index on Wednesday climbed to a 7-3/4 month high on increased safe-haven demand as EUR/USD slumped to a 4-month low and fueled a slide in stocks on increased Italian political uncertainty after Italian Democratic Party leader Bersani said there is no possibility of a broad coalition to resolve the political deadlock caused by the Feb 24-25 general election. Another negative for EUR/USD was the bigger than expected decline in March Eurozone economic confidence which fell by -1.1 to 90.0, weaker than expectations of -0.6 to 90.5. Closes: Dollar index +0.355 (+0.43%), EUR/USD -0.0081 (-0.63%), USD/JPY +0.008 (+0.01%).
May WTI crude oil (CLK13 +0.12%) this morning is up +0.18 (+0.19%) while May gasoline (RBK13 -0.37%) is down -0.0055 (-0.18%). Crude oil and gasoline prices on Wednesday recovered from early losses and closed higher on bullish factors that included (1) the -1.596 million bbl decline in weekly DOE gasoline stockpiles, more than expectations of -1.0 million bbl and (2) the -4.513 million bbl plunge in weekly DOE distillate inventories to a 4-month low of 115.3 million bbl, more than five times expectations of a -850,000 bbl draw. Bearish factors centered on (1) a rally in the dollar index to a 7-3/4 month high, (2) the +3.256 million bbl increase in weekly DOE crude oil inventories to a 9-month high of 385.9 million bbl, more than expectations of a +1.3 million bbl gain, and (3) weakness in stocks on concern the European debt crisis may worsen. Closes: CLK3 +0.18 (+0.19%), RBK3 +0.0105 (+0.34%).

GLOBAL EVENT CALENDAR03/28/2013

US	0830 ET	Weekly initial unemployment claims expected +4,000 to 340,000, last +2,000 to 336,000. Weekly continuing claims expected -11,000 to 3.042 mln, last +5,000 to 3.053 mln.
	0830 ET	Q4 GDP revision expected +0.5% from last +0.1% q/q annualized. Q4 personal consumption expected unrevised from +2.1%. Q4 GDP price index expected unrevised from +0.9%. Q4 core PCE expected unrevised from last +0.9%.
	0830 ET	USDA weekly Export Sales.
	0900 ET	March Milwaukee NAPM expected -0.5 to 56.0, Feb 56.5.
	0945 ET	March Chicago PMI expected -0.3 to 56.5, Feb +1.2 to 56.8.
	1100 ET	March Kansas City Fed manufacturing activity index expected -2, Feb -10.
	1200 ET	USDA Quarterly Grain Stocks.
	1200 ET	USDA Prospective Planting report.
	1300 ET	Treasury sells $29 billion in 7-year T-notes.
	1500 ET	USDA Quarterly Hogs & Pigs report.
GER	0300 ET	German Feb retail sales expected -0.6% m/m and +1.2% y/y, Jan +3.0% m/m and +2.4% y/y.
	0455 ET	German March unemployment change expected -2,000, Feb -3,000. March unemployment rate expected 6.9%, Feb 6.9%.
EUR	0500 ET	Eurozone Feb M3 money supply expected +3.2% y/y, Jan +3.5% y/y.
UK	0300 ET	UK March nationwide house prices expected +0.2% m/m and +0.9% y/y, Feb +0.2% m/m and unch y/y.
	0530 ET	UK Jan index of services expected -0.2% 3mo/3mo, Dec -0.4% 3mo/3mo.
JPN	1930 ET	Japan Feb jobless rate expected unch at 4.2%, Jan 4.2%. Feb job-to-applicant ratio expected 0.86, Jan 0.85.
	1930 ET	Japan Feb overall household spending expected +0.1% y/y, Jan +2.4% y/y.
	1930 ET	Japan Feb national CPI expected -0.7% y/y, Jan was -0.3% y/y. Feb CPI ex-fresh food expected -0.4% y/y, Jan was -0.2% y/y. Feb CPI ex-food and energy expected -0.9% y/y, Jan -0.7% y/y.
	1930 ET	Japan March Tokyo CPI expected -0.9% y/y, Feb -0.9% y/y. March CPI ex-fresh food expected -0.6% y/y, Feb was -0.6% y/y. March CPI ex-fresh food and energy expected -1.0% y/y, Feb -1.0% y/y.
	1950 ET	Japan Feb industrial production expected +2.5% m/m and -8.5% y/y, Jan +0.3% m/m and -5.8% y/y.

U.S. STOCK CALENDAR03/28/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Commercial Metals Co	CMC US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.178
Accenture PLC	ACN US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.971
GameStop Corp	GME US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	2.086
Signet Jewelers Ltd	SIG US	7:00	Q4 2013 Earnings Release	Q4 2013	2.089
Mosaic Co/The	MOS US	7:00	Q3 2013 Earnings Release	Q3 2013	0.876
Becton Dickinson and Co	BDX US	8:00	BD Simplist Approval Call
Chicago Bridge & Iron Co NV	CBI US	8:00	Investor Day	Y 2013
Accenture PLC	ACN US	8:00	Q2 2013 Earnings Call	Q2 2013
UTi Worldwide Inc	UTIW US	8:00	Q4 2013 Earnings Release	Q4 2013	0.134
Signet Jewelers Ltd	SIG US	8:30	Q4 2013 Earnings Call	Q4 2013
PVH Corp	PVH US	9:00	Q4 2013 Earnings Call	Q4 2013
Mosaic Co/The	MOS US	9:00	Q3 2013 Earnings Call	Q3 2013
Paychex Inc	PAYX US	10:30	Q3 2013 Earnings Call	Q3 2013
Commercial Metals Co	CMC US	11:00	Q2 2013 Earnings Call	Q2 2013
Forest City Enterprises Inc	FCE/A US	11:00	Q4 2013 Earnings Call	Q4 2013
UTi Worldwide Inc	UTIW US	11:00	Q4 2013 Earnings Call	Q4 2013
eBay Inc	EBAY US	11:00	Analyst Day	Y 2013
GameStop Corp	GME US	11:00	Q4 2013 Earnings Call	Q4 2013
Public Service Enterprise Group Inc	PEG US		Investor Meeting - Chicago	Y 2013
Chicago Bridge & Iron Co NV	CBI US		Investor Day
MetroPCS Communications Inc	PCS US		Extraordinary Shareholders Meeting	Y 2013

Accelerate Diagnostics (AXDX)

Summary:

Acellerate Diagnostics (AXDX) is today's Chart of the Day.  Barchart helps you find small unknown stocks before they become widely followed. In the last quarter this stock advanced in 25 sessions for a gain of 113% !

Article:

Today's Chart of the Day is an unknown stock called Accelerate Diagnostics (AXDX).  In the last month the stock advanced in 18 sessions for a gain of 62.60%.  Barchart can help you find unknown stocks with great momentum that have yet to be discovered by the analysts.

They are focused on developing and commercializing instrumentation for the rapid identification and antibiotic susceptibility testing of infectious pathogens. They are developing BACcel(TM) system, a rapid diagnostic platform for diagnosis in life-threatening bacterial infections and OptiChem(R) surface coatings for use in micro arraying components.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 62.60% in the last month
• Relative Strength Index 90.96%
• Barchart computes a technical support level at 7.22
• Recently traded at 8.52 with a 50 day moving average of 5.23

Fundamental factors:

• This is a stock that is not followed by any of the professional or individual investing sites.  I'm showing it today only as an illustration of the power of Barchart to find interesting momentum stocks before the rest of the investing world.  It was found by sorting the Barchart New High list of stocks trading over 100K shares a day and sorted for frequency.

Exit strategy:  If you decide to take a chance on this high flyer then I suggest you follow it on a daily basis and sell just as soon as it shows any reversal signals

5 Small Caps with Momentum

Today I used Barchart to sort the S & P Small Cap 600 index to find 5 stocks with great Barchart technical indicators and charts.  The list today includes Bank of the Ozarks (OZRK), Glatfelter (GLT), Synnex (SNX), Universal Electronics (UEIC) and Mobile Mini (MINI):

Bank of the Ozarks (OZRK)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 14.89% in the last month
• Relative Strength Index 80.35%
• Barchart computes a technical support level at 43.67
• Recently traded at 44.33 with a 50 day moving average of 39.01

Glatfelter (GLT)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 20.86% in the last month
• Relative Strength Index 87.02%
• Barchart computes a technical support level at 22.73
• Recently traded at 23.34 with a 50 day moving average of 19.20

Synnex (SNX)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 7.04% in the last month
• Relative Strength Index 75.87%
• Barchart computes a technical support level at 40.42
• Recently traded at 40.83 with a 50 day moving average of 37.92

Universal Electronics (UEIC)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 25.44% in the last month
• Relative Strength Index 77.87
• Barchart computes a technical support level at 23.59
• Recently traded at 24.10 with a 50 day moving average of 20.27

Mobile Mini (MINI)

Barchart technical indicators;

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.96% in the last month
• Relative Strength Index 70.45%
• Barchart computes a technical support level at 28.90
• Recently traded at 29.65 with a 50 day moving average of 26.02

Barchart Morning Call 3/27

BARCHART MORNING CALL 3/27

Wednesday, March 27th, 2013View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM13 -0.47%) are down by -0.35% on a sharp -1.20% sell-off in the Euro Stoxx 50 index tied to increased Italian political uncertainty and a larger-than-expected drop in Eurozone confidence. Asian stocks today closed mostly higher with the Nikkei index up +0.18%, the Hang Seng up +0.69%, and China's CSI 300 index up +0.33%. Commodity prices are mildly lower by -0.19%. May crude oil (CLK13 -0.48%) is down -0.44%, May gasoline (RBK13 unch) is up +0.08%, April gold (GCJ13 -0.15%) is down -0.26%, May copper (HGK13 -0.38%) is down -0.32%, and agriculture prices are mostly higher. The dollar index (DXY00 +0.39%) is up +0.33% this morning on increased safe-haven demand while EUR/USD (^EURUSD) is down -0.50% on increased Italian political uncertainty and the weak Eurozone confidence index. USD/JPY (^USDJPY) is down -0.14%. June T-note prices (ZNM13 +0.30%) are up +12.5 ticks.
The March Eurozone economic confidence index from the European Commission fell by -1.1 points to 90.0 from 91.1 in Feb and was weaker than market expectations for a -0.6 point drop to 90.5. The index posted a 10-month high of 91.1 in Feb but then fell back in March as the Eurozone recession continued and as Cyprus emerged as a major problem. Separately, the March Eurozone business climate index fell to -0.86 from -0.73 and was weaker than market expectations of -0.79. The March Eurozone services confidence index was unchanged from Feb at -23.5, which was line with market expectations.
The Italian 10-year bond yield today rose sharply by 15 bp to 4.72% after Democratic Party leader Bersani said there is no possibility of a broad coalition to resolve the political deadlock caused by the muddled Feb 24-25 general election. Another election may be necessary, which would likely result in the Euroskeptic Five Star Movement party gaining more votes. The Spanish bond yield today rose by 9 bp to 5.02%. Meanwhile, the German 10-year bund yield fell by 4 bp to 1.31% on increased safe-haven demand.
Italy today sold 6.91 billion euros of 5 and 10-year bonds, close to the maximum target of 7 billion euros, but the auctions were on the weak side.
Germany's Feb import price index of +0.3% m/m and -1.6% was close to market expectations and compared with the Jan report of +0.1% m/m and -0.8% y/y.
The German April GfK consumer confidence index of 5.9 was unchanged from March and was in line with market expectations. The index has been moving basically sideways over the past year and is just mildly below the 5-year high of 6.1 posted in Oct 2012.
The UK current account deficit of -14.0 billion pounds was wider than market expectations of -12.5 billion pounds but was slightly narrower than -15.1 billion pounds in Q3.
The UK final Q4 GDP report was left unrevised at -0.3% q/q but was revised slightly lower on a year-on-year basis to +0.2% from +0.3%.

U.S. STOCK PREVIEW

Today’s U.S. Feb pending homes sales report is expected to show a small decline of -0.4% m/m after the +4.5% m/m increase seen in Jan to the 2-2/3 year high of 105.9. Otherwise, the U.S. stock market will be watching European after today's sharp sell-off in European stocks and the rise in Italian bond yields on increased Italian political uncertainty. There are earnings reports today from Paychex (consensus $0.39), PVH Corp (1.50%), Forest City Enterprises (0.27%), and Red Hat (0.30).
Conferences during the remainder of this week include: Bank of America Merrill Lynch New York Auto Summit on Wednesday, CIBC Retail & Consumer Conference on Thursday, and Photon's 8th Solar Electric Utility Conference on Thursday.

June E-mini S&Ps (ESM13 -0.47%) this morning are down 5.50 points (-0.35%) on this morning's -1.20% sell-off in the Euro Stoxx 50 index. The S&P 500 index on Tuesday closed with a solid gain on optimism about the U.S. economy and the end of the Cyprus crisis, although most of Tuesday’s U.S. economic reports were a bit weaker than expected. Closes: S&P 500 +0.78%, Dow Jones +0.77%, Nasdaq 100 +0.61%.

OVERNIGHT U.S. STOCK MOVERS

• Google's (GOOG +0.34%) price target was raised to $982 from $847 by Credit Suisse (Outperform reiterated) on Google's Enhanced Campaigns update, which Credit Suisse believes will increase advertisers' spending.
• SAIC (SAI -0.54%) rallied 4% in after-hours trading after reporting Q4 EPS of 54 cents, above the consensus of 52 cents.
• Lions Gate (LGF +2.67%) rallied 1% in after-hours trading after announcing a 50/50 partnership with CBS (CBS +0.64%) on TVGN and TVGuide.com.
• Landec (LNDC +1.83%) fell 6% in after-hours trading after reporting disappointing earnings.
• AdCare (ADC -1.14%) fell 7% after announcing that it is postponing its Q4 earnings release.
• Peregine Semiconductor (PSMI +1.84%) filed a new patent infringement lawsuit against RF Micro Devices (RFMD +6.92%).
• FMC Technologies (FTI +1.94%) announced a new subsea operations services agreement with Statoil (STO +0.58%).

MARKET COMMENTS

June 10-year T-notes (ZNM13 +0.30%) are up +12.5 ticks on increased safe-haven demand with the increased worries about Italy's political situation. June 10-year T-note prices on Tuesday closed mildly higher on the generally weaker-than-expected U.S. economic data such as the -8.3 point drop in U.S. consumer confidence. T-notes were able to shake off the weak 2-year T-note auction results. Closes: TYM3 +4, FVM3 +2.5.
The dollar index (DXY00 +0.39%) this morning is up +0.28 points (+0.33%) on increased safe-haven demand with the sell-off in U.S. and European stocks. EUR/USD (^EURUSD) is down -0.0064 (-0.50%) on increased Italian political uncertainty. USD/JPY (^USDJPY) is down -0.13 yen (-0.14%). The dollar index and EUR/USD on Tuesday closed little changed. The dollar was able to hold its ground despite reduced safe-haven demand with Sunday’s Cyprus bailout and with the weaker-than-expected U.S. economic data. Closes: Dollar index +0.05 (+0.06%), EUR/USD +0.0008 (+0.06%), USD/JPY +0.27 (+0.29%).
May WTI crude oil (CLK13 -0.48%) this morning is down -0.42 (-0.44%) while May gasoline (RBK13 unch) is up +0.0026 (+0.08%). Crude oil and gasoline prices on Tuesday closed higher on carry-over from the rally in the U.S. stock market and on bullish API inventory report for gasoline and distillates. Closes: CLK3 +1.53 (+1.61%), RBK3 +0.0483 (+1.58%).

GLOBAL EVENT CALENDAR03/27/2013

US	0700 ET	Weekly MBA mortgage applications, previous -7.1% with purchase sub-index -3.9% and refi sub-index -8.0%.
	1000 ET	Feb pending homes sales expected -0.4% m/m and +8.7% y/y, Jan +4.5% m/m and +10.4% y/y.
	1030 ET	DOE Weekly Petroleum Status Report.
	1130 ET	Boston Fed President Eric Rosengren speaks on the economic outlook at the New Hampshire Institute of Politics and Political Library at Saint Anselm’s College.
	1215 ET	Cleveland Fed President Sandra Pianalto speaks on “Managing Information, Uncertainty and Risks in Monetary Policy” to CFA Society Cleveland luncheon.
	1300 ET	Treasury sells $35 billion in 5-year T-notes.
	1300 ET	Minneapolis Fed President Narayana Kocherlakota speaks on “Improving the Outlook with Better Monetary Policy” in Edina, Minnesota, at Bloomington, Edina, and Richmond Chambers of Commerce.
JPN	1950 ET	Japan Feb retail trade expected +0.8% m/m and -1.3% y/y, Jan +2.3% m/m and -1.1% y/y. Feb large retailer sales expected -1.5% y/y, Jan -3.5% y/y.
UK	0530 ET	UK Q4 current account expected -12.5 bln pounds, Q3 -12.8 bln pounds.
	0530 ET	UK final Q4 expected unrevised from prelim -0.3% q/q and +0.3% y/y.
	2001 ET	UK March Gfk consumer confidence survey expected -27, Feb -26.
GER	0300 ET	German Feb import price index expected +0.2% m/m and -1.6% y/y, Jan +0.1% m/m and -0.8% y/y.
	0300 ET	German Apr GfK consumer confidence survey expected 5.9, March 5.9.
EUR	0600 ET	Eurozone March CPI, Feb +1.8% y/y.
	0600 ET	Eurozone March economic confidence expected 90.5, Feb 91.1. Mar business climate indicator expected -0.79, Feb -0.73. Mar industrial confidence expected -12.0, Feb -11.2. Mar services confidence index expected -6.5, Feb -5.4.
CH	2130 ET	China Feb industrial profits, Jan 5.3% year-to-date y/y.

U.S. STOCK CALENDAR03/27/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
AGL Resources Inc	GAS US	8:30	Analyst Day	Y 2013
Paychex Inc	PAYX US	16:01	Q3 2013 Earnings Release	Q3 2013	0.39
Red Hat Inc	RHT US	17:00	Q4 2013 Earnings Call	Q4 2013
PVH Corp	PVH US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	1.497
Forest City Enterprises Inc	FCE/A US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.27
Red Hat Inc	RHT US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.299
Public Service Enterprise Group Inc	PEG US		Investor Meeting - Columbus	Y 2013

Kroger - KR - Barchart's Chart of the Day

Summary:

Kroger (KR) is the Chart of the Day.  The Trend Spotter signaled a buy on 1/18 and since then the stock has risen 20.09%.  In the last month the stock had 16 advances for a gain of 14.10%.


Article:

The Chart of the Day is Kroger (KR) with both a Trend Spotter buy and a 96% Barchart technical buy signal.  The stock was found by sorting the Barchart New High list for frequency.  In the last month the stock advanced 16 times for a gain of 14.10%.

The Company is one of the larger grocery retailers in the United States. They also manufacture and process food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 14.10% in the last month
• Relative Strength Index 82.78%
• Barchart computes a technical support level at 32.27
• Recently traded at 32.74 with a 50 day moving average of 29.04

Fundamental factors:

• Market Cap $16.97 billion
• P/E 12.32
• Dividend yield 1.85%
• Revenue projected to grow 2.90% this year and another 4.60% next year
• Earnings estimated to increase 12.20% this year, an additional 10.50% next year and continue to rise at an annual rate of 8.20% for the next 5 years
• Analysts issued 7 strong buy, 1 buy, 6 hold and 1 sell recommendation
• Financial Strength B++

Exit strategy:  Sell if you lose 10% from your entry point or the stock drops below its 50 day moving average.

5 Mid Caps with Momentum

Today I used Barchart to sort the S & P Mid Cap 400 Index to find the stocks with the best Barchart technical indicators and charts.  The list includes Aspen Insurance Holdings (AHL), General Cable (BGC), Vectren (VVC), URS Corp (URS) and The Cheesecake Factory (CAKE):

Aspen Insurance Holdings (AHL)

Barchar technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.28% in the last month
• Relative Strength Index 76.83%
• Barchart computes a technical support level at 37.91
• Recently traded at 38.36 with a 50 day moving average of 35.63

General Cable (BGC)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 12.13%
• Relative Strength Index 59.38%
• Barchart computes a technical support level at 35.28
• Recently traded at 35.78 with a 50 day moving average of 33.84

Vectren (VVC)

Barchart technical indicators:

• 96% Bachart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 7.65% in the last month
• Relative Strength Index 75.53%
• Barchart computes a technical support level at 34.50
• Recently traded at 35.20 with a 50 day moving average of 32.74

URS Corp (URS)

Barchart technical indicators:

• 96% Bachart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 13.19% in the last month
• Relative Strength Index 73.46%
• Barchart computes a technical support level at 46.28
• Recently traded at 47.03 with a 50 day moving average of 42.84

The Cheesecake Factory (CAKE)

Barchart technial indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.68% in the last month
• Relative Strength Index 78.51%
• Barchart computes a technical support level at 36.87
• Recently traded at 37.50 with a 50 day moving average of 34.47

HMA, LUV and SON Buy Signals

Today I added Health Management Associates (HMA), Southwest Airlines (LUV) and  Sonoco Products (SON) to the Barchart Van Meerten New High portfolio for great Barchart technical indicators and charts:

Health Management Associates (HMA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 21.23% in the last month
• Relative Strength Index 78.79%
• Barchart computes a technical support level at 12.13
• Recently traded at 12.86 with a 50 day moving average of 10.93

Southwest Airlines (LUV)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 13.60% in the last month
• Relative Strength Index 75.61%
• Barchart computes a technical support level at 12.63
• Recently traded at 12.96 with a 50 day moving average of 11.79

Sonoco Products (SON)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 9.53% in the last month
• Relative Strength Index 77.51%
• Barchart computes a technical support level at 33.93
• Recently traded at 34.44 with a 50 day moving average of 32.15

Xoma Ltd (XOMA) Buy Signals

Today I added Xoma Ltd (XOMA) to the Barchart Van Meerten Speculative portfolio for great Barchart technical indicators and charts:

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 39.53% in the last month
• Relative Strength Index 82.97%
• Barchart computes a technical support level at 3.42
• Recently traded at 3.65 with a 50 day moving average of 2.87

Barchart Morning Call 3/26

BARCHART MORNING CALL

Tuesday, March 26th, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM13 +0.06%) are mildly higher by +0.23% on hopes for strong U.S. economic reports today and on the fact that the Euro Stoxx 50 index this morning is up by +0.16%. Asian stocks today closed mixed. Japan's Nikkei index closed down -0.60% but the Hong Kong Hang Seng closed +0.27%. China's CSI 300 index closed down -1.46% on a report of tighter bank loans for property developers as the government continues it efforts to cool property prices. Commodity prices are mildly higher by +0.33% this morning. May crude oil (CLK13 +0.45%) is up +0.72%, May gasoline (RBK13 +0.24%) is up +0.43%, April gold (GCJ13 -0.44%) is down -0.42%, May copper (HGK13 +0.36%) is up +0.26%, and agriculture prices are trading mostly higher. The dollar index (DXY00 +0.01%) this morning is little changed while EUR/USD (^EURUSD) is up +0.18%. USD/JPY (^USDJPY) is up +0.22%. June 10-year T-note futures (ZNM13 -0.06%) prices are down -5.5 ticks on the mildly higher trade in U.S. and European stock indexes.
Cyprus banks are closed today and Wednesday but are currently expected to open on Thursday. When they do open, depositors will be restricted in withdrawing their cash and moving it out of the country to tight capital controls that the Cyprus parliament installed late last week. The capital controls will be lifted slowly to prevent bank runs and the quick exit of capital from the country and may last a matter of months. Eurozone officials and the Cyprus government on Sunday night agreed on a 10 billion euro bailout plan that involves closing Cyprus's second largest bank, splitting the largest Cyprus bank into a good bank and bad bank, and imposing heavy losses on large uninsured depositors and bank bond holders.
Democratic Party leader Pier Luigi Bersani today will meet with deputies of Silvio Berlusconi's People of Liberty party and its partner the Northern League as he tries to form a government without the Five Star Movement party headed by ex-comic Grillo, who refuses to be part of any government with the established parties. More than a month after the Feb 24-25 national election, the Italian political parties are still trying to form a government. A new election may yet be necessary. If Mr. Bersani cannot form a government by Thursday, then Italian President Napolitano will give the opportunity to another party leader.
Japan's Feb corporate service price index rose +0.1% y/y, which was higher than market expectations of unchanged and the Jan report of -0.2% y/y.
Japan's March small business confidence index rose to a new 6-year high of 49.7 from 46.0 in February. Small business confidence has risen sharply since late last year when Prime Minister Abe took over the reins of government with his verbally aggressive plan to boost the economy.
The China Security Journal today reported that many banks have started to reduce loans to property developers, which fueled increased concerns about weaker Chinese construction growth.

U.S. STOCK PREVIEW

There are five U.S. economic reports this morning and the Treasury will also sell $35 billion in 2-year T-notes today. The only earnings report today for the Russell 1000 stocks is SAIC (after-market) with a consensus of 52 cents. Conferences this week are light ahead of the Good Friday holiday: Canada's Energy Technology Blueprint Summit on Tuesday, Photon's 10th Solar Silicon Conference on Tuesday, Bank of America Merrill Lynch New York Auto Summit on Wednesday, CIBC Retail & Consumer Conference on Thursday, and Photon's 8th Solar Electric Utility Conference on Thursday.

June E-mini S&Ps are mildly higher by +3.50 points (+0.23%) on higher European stocks (Euro Stoxx 50 index +0.16%) and on hopes for strong U.S. economic reports this morning. The S&P 500 index on Monday closed mildly lower mainly on technical selling. The stock market was initially encouraged by Sunday night’s Cyprus bailout agreement, but optimism then soured after the Dutch finance minister said that the Cyprus bailout with its heavy losses placed on uninsured depositors should be viewed as a template for bank restructuring in other countries. That raised the spectre of continued bank runs in countries such as Spain and Italy. Closes: S&P 500 -0.33%, Dow Jones -0.44%, Nasdaq 100 -0.41%.

OVERNIGHT U.S. STOCK MOVERS

• T-Mobile (DTEGY -1.72%) is dropping subsidies for smartphones, according to WSJ, making it the first major U.S. wireless carrier to do so. This may encourage consumers to buy cheaper smartphones than those of Apple (AAPL +0.36%) and Samsung (SSNLF unch).
• Foster Wheeler (FWLT -0.80%) signed a service agreement with Valero Energy (VLO +0.09%).
• Children's Place (PLCE +0.99%) reported Q4 adjusted EPS of $1.15, above the consensus of $1.04.
• Sonic (SONC -1.01%) rallied 4% in after-hours trading on postive earnings.
• Focus Media (FMCN +2.03%) rallied +0.5% in after-hours trading after announcing earnings and that it will hold a shareholders meeting April 29 to vote on the proposed merger with Giovanna.
• Gordmans Stores (GMAN +1.50%) fell 3% in after-hours trading after reporting earnings.
• Magellan Health (MGLN -10.89%) fell 3% in after-hours trading after announcing it was not awarded a contract in Arizona.
• Calumet Specialty Products (CLMT +0.28%) fell 4% in after-hours trading after filing to sell 5.25 million common shares.

MARKET COMMENTS

June 10-year T-notes are down 5.5 ticks on reduced safe-haven demand with higher U.S. and European stock indexes this morning and on some supply overhang as the Treasury starts to sell $99 billion in T-notes today. June 10-year T-note prices on Monday closed slightly higher as the U.S. stock market ended up closing lower. Closes: TYM3 +2, FVM3 +0.5.
The dollar index this morning is virtually unchanged while EUR/USD is up +0.0023 (+0.18%). USD/JPY is up +0.21 yen (+0.22%). The dollar index on Monday closed moderately higher and EUR/USD closed lower since the market was already fairly certain that a Cyprus bailout would be reached and then decided to focus more on the negative implication of the bailout for bank deposit runs in other troubled countries. Closes: Dollar index +0.45 (+0.55%), EUR/USD -0.0136 (-1.05%), USD/JPY -0.29 (-0.31%).
May WTI crude oil this morning is up +0.68 (+0.72%) and May gasoline is up +0.0132 (+0.43%). Crude oil and gasoline prices on Monday closed higher on relief about the Cyprus bailout and on expectations for firmer U.S. crude oil demand after last week’s news of a sharp +2.5 point increase in the U.S. refinery utilization rate on the end of maintenance runs. Gasoline prices lagged on expectations for higher gasoline output in coming weeks. Closes: CLK3 +1.10 (+1.17%), RBK3 +0.0030 (+0.10%).

GLOBAL EVENT CALENDAR03/26/2013

US	0110 ET	Dallas Fed President Richard Fisher speaks in Abu Dhabi to Global Interdependence Center Banking Series on “An Economic and Monetary Policy Outlook: Where Does the United States Go from Here?
	0830 ET	Feb durable goods orders expected +3.9% m/m, Jan -4.9% m/m. Feb durable goods orders ex-transportation expected +0.5% m/m, Jan +2.3% m/m. Feb non-defense capital goods orders ex-defense expected -1.0% m/m, Jan +6.3% m/m.
	0900 ET	Jan Case-Shiller Composite-20 Home Price index expected +0.8% m/m and +7.9% y/y, Dec +0.9% m/m and +6.8% y/y.
	1000 ET	March Richmond Fed manufacturing index expected unch at 6.0, Feb +18.0 to 6.0.
	1000 ET	March U.S. consumer confidence (Conference Board) expected -2.1 to 67.5, Feb +11.2 to 69.6.
	1000 ET	Feb new home sales expected -3.9% to 420,000, Jan +15.6% to 437,000.
	1300 ET	Treasury sells $35 billion in 2-year T-notes.
	1630 ET	API weekly U.S. oil statistics.
UK	0700 ET	UK Mar CBI reported sales expected 15, Feb 8.
JPN	0000 ET	Japan March small business confidence, Feb 46.

U.S. STOCK CALENDAR03/26/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Neogen Corp	NEOG US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.273
Children's Place Retail Stores Inc/The	PLCE US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.04
Children's Place Retail Stores Inc/The	PLCE US	8:30	Q4 2013 Earnings Call	Q4 2013
CLARCOR Inc	CLC US	9:00	Annual General Meeting
Apple Inc	AAPL US	10:00	Apple vs Samsung - Trial Continues
ZaZa Energy Corp	ZAZA US	10:00	Business Update Call
Neogen Corp	NEOG US	11:00	Q3 2013 Earnings Call	Q3 2013
Fortegra Financial Corp	FRF US	11:00	Q4 2012 Earnings Call	Q4 2012
Target Corp	TGT US	11:30	Canadian Club of Toronto Presents, President Tony Fisher
United Parcel Service Inc	UPS US	13:00	Shareholders Meeting	Y 2013
General Cable Corp	BGC US	13:00	Investor Day	Y 2013
Envivio Inc	ENVI US	17:00	Q4 2013 Earnings Call	Q4 2013
SAIC Inc	SAI US	17:00	Q4 2013 Earnings Call	Q4 2013
Mattress Firm Holding Corp	MFRM US	17:00	Q4 2013 Earnings Call	Q4 2013
Landec Corp	LNDC US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.17
Envivio Inc	ENVI US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	-0.163
SAIC Inc	SAI US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.515
Mattress Firm Holding Corp	MFRM US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.318
Public Service Enterprise Group Inc	PEG US		Investor Meeting - Toronto	Y 2013