Synnex - Barchart's Chart of the Day

Summary:

Synnex (SNX) is the Chart of the Day.  The chart clearly shows a turn around on the price momentum pattern.  In the last month the price advanced in 19 of the last 20 sessions for a gain of 19.22%.

Article:

The Chart of the Day is Synnex (SNX).  As always I go to the new high list and sort for frequency in the last month. Today a turnaround stock floated the top with a Trend Spotter buy and advances in 19 of the last 20 sessions for a gain of 19.22%.

The company is a global IT supply chain services company offering a comprehensive range of services to original equipment manufacturers and software publishers, or (OEMs), and reseller customers worldwide. They offer product distribution, related logistics services and contract assembly. SNX distributes IT systems, peripherals, system components, software and networking equipment for OEM suppliers such as HP, IBM, Intel, Microsoft Corporation and Seagate.

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:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 19.22% in the last month
• Relative Strength Index 81.26%
• Barchart computes a technical support level at 41.01
• Recently traded at 42.57 with a 50 day moving average of 36.33

Fundamental factors:

• Market Cap $1.59 billion
• P/E 10.88
• Revenue projected to increase 1.20% this year and another 4.20% next year
• Earnings are estimated to be down 4.80% this year but grow by 11.10% next year and continue to increase at the annual rate of 10.55% for he next 5 years.
• Wall Street analysts issued 5 buy and 1 hold recommendation
• Financial Strength B+

Since this stock has been up and down over the year I suggest you adhere to a strict exit discipline of selling if the stock trades below its 50 day moving average.

5 NASDAQ 100 Winners

Today I used Barchart to sort the NASDAQ 100 Index to find the stocks with the best technical indicators and charts.  The list includes CA Inc (CA), Micron Technology (MU), Cerner (CERN), Cisco Systems (CSCO) and Western Digital (WDC):

CA Inc (CA)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.29% in the last month
• Relative Strength Index 72.00%
• Barchart computes a technical support level at 26.80
• Recently traded at 29.22 with a 50 day moving average of 26.34

Micron Technology (MU)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 26.04% in the last month
• Relative Strength Index 78.27
• Barchart computes a technical support level at 11.94
• Recently traded at 12.56 with a 50 day moving average of 10.34

Cerner (CERN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 5.05% in the last month
• Relative strength Index 61.13%
• Barchart computes a technical support level at 95.81
• Recently traded at 99.47 with a 50 day moving average of 95.23

Cisco Systems (CSCO)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 20.81% in the last month
• Relative Strength Index 71.51%
• Barchart computes a technical support level at 24.04
• Recently traded at 24.61 with a 50 day moving average of 21.91

Western Digital (WDC)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 8.64% in the last month
• Relative strength Index 69.66%
• Barchart computes a technical support level at 61.99
• Recently traded at 64.02 with a 50 day moving average of 56.40

TearLabs - Cahrt of the Day

Summary:

Tearlab (TEAR) is the Chart of the Day. In the past year the stock is up 285.53%.  The Trend Spotter signaled a buy on 1/4 and since then the stock gained 248.24%.

Article:

The Chart of the Day is Tearlab (TEAR).  The stock has soared and still has 96% Barchart technical buy signals as well as a Trend Spotter buy signal.  I found the stock by sorting today's New High List by frequency and using the flipchart function.

The company is an ophthalmic device company developing and commercializing novel, lab-on-a-chip technologies that enable eye care practitioners to test for highly sensitive and specific biomarkers in tears at the point-of-care. They are commercializing a proprietary in vitro diagnostic tear testing platform, the TearLabTM Osmolarity System, which is capable of accurately and rapidly measuring biomarkers in tears at the point-of-care. The TearLabTM System requires nanoliters of tears for testing, potentially reducing collection time and simplifying the tear collection process.

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
• 14 new highs and up 47.48% in the last month
• Relative Strength Index 74.33%
• Barchart computes a technical support level at 11.16
• Recently traded at 11.99 with a 50 day moving average of 8.47

Fundamental Factors:

• Market Cap $344.83%
• Revenue projected to grow 285.60% this year and another 116.80% next year
• Earnings estimated to increase 2.10% this year, 58.70% next year and continue to improve at the rate of 30.00% annually for the next 5 years
• Wall Street analysts issued 5 strong buy recommendation
• Financial Strength C++

This stock has moved a bunch so please follow your moving averages closely to decide then to exit.

5 Small Cap Winners

Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks having the best technical indicators and charts and found Teletech Holdings (TTEC), Sterling Bancorp (STL), Comscore (SCOR), Corvel (CRVL), Cracker Barrel Old Country Store (CBRL):

Teletech Holdings (TTEC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 10.05% in the last month
• Relative Strength Index 67.56%
• Barchart computes a technical support level at 23.10
• Recently traded at 23.65 with a 50 day moving average of 21.79

Sterling Bancorp (STL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 5.30% in the last month
• Relative Strength Index 62.76%
• Barchart computes a technical support level at 11.80
• Recently traded at 12.11 with a 50 day moving average of 11.36

Comscore (SCOR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 13.60% in the last month
• Relative strength Index 79.13%
• Barchart computes a technical support level at 20.53
• Recently traded at 21.41 with a 50 day moving average of 17.95

Corvel (CRVL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 14.27% in the last month
• Relative Strength Index 80.15%
• Barchart computes a technical support level at 53.26
• Recently traded at 55.08 with a 50 day moving average of 49.18

Cracker Barrel Old Country Store (CBRL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 14.35% in the last month
• Relative strength Index 81.43%
• Barchart computes a technical buy signal at 94.64
• Recently traded at 96.34 with a 50 day moving average of 84.41

Additions to my portfolio

Today I added Vanda Pharmaceuticals (VNDA), Shuffle Master (SHFL), Avanir Pharmaceuticals (AVNR), Callidus Software (CALD), TearLab (TEAR) and E-Commerce China Dangdang (DANG) to the Barchart Van Meerten New High portfolio for positive price momentum:

Vanda Pharmaceuticals (VNDA)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 109.68% in the last month 
• Relative Strength Index 93.81%
• Barchart computes a technical support level at 9.66
• Recently traded at 10.17 with a 50 day moving average of 5.56

Shuffle Master (SHFL)

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 10.89% in the last month
• Relative Strength Index 67.75%
• Barchart computes a technical support level at 16.65
• Recently traded at 17.52 with a 50 day moving average of 15.99

Avanir Pharmaceuticals (AVNR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 22.90% in the last month
• Relative Strength Index 69.71%
• Barchart computes a technical support level at 3.36
• Recently traded at 3.83 with a 50 day moving average of 3.10

Callidus Software (CALD)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 19.23% in the last month
• Relative Strength Index 75.06%
• Barchart computes a technical support level at 6.04%
• Recently traded at 6.25 with a 50 day moving average of 4.90

TearLabs (TEAR)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 57.69% in the last month
• Relative Strength Index 83.30%
• Barchart computes a technical support level at 11.82
• Recently traded at 12.50 with a 50 day moving aver4age of 8.49

E-Commerce China Dangdang (DANG)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 71.15% in the last month
• Relative Strength Index 75.01%
• Barchart computes a technical support level at 6.36
• Recently traded at 7.16 with a 50 day moving average of 4.71

Sold Ferro and Senior Housing

Today I deleted Ferro Corp (FOE) and Senior Housing Properties Trust (SNH) from the  Barchart Van Meerten New High portfolio for negative price momentum:

Ferro Corp (FOE)

Barchart technical indicators:

• 60% Barchart short tern sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 9.37% off its 1 year high
• Relative Strength Index 28.82%

Senior Housing Properties Trust (SNH)

Barchart technical indicators:

• 40% Barchart short tern sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 13.07% off its 1 year high
• Relative Strength Index 30.48%

Micron Technology - Barchart's Chart of the Day

Summary:

Micron Technology (MU) is the Chart of the Day.  The stock has had a string of Trend Spotter buy signals and since the one on 11/30 it's up 200.33%.  In just the last month the price advanced in 11 sessions for a gain of 24.82%.


Article:

The Chart of the Day is Micron Technology (MU).  The stock has had a steady string of Trend Spotter buy signals and still has a 96% technical buy signals and a 72.81% Relative Strength Index.  The stock was found from sorting the New High List for frequency.

The company has established itself as a worldwide provider of semiconductor memory solutions. The company's memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM, telecommunications, office automation, network and data processing, and graphics display.

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
• 15 new high and up 24.82% in the last month
• Relative Strength Index 72.81%
• Barchart computes a technical support level at 11.47
• Recently traded at 12.02 with a 50 day moving average of 10.23

Fundamental factors:

• Market Cap $12.28 billion
• Revenue projected to be up 4.30% this year and another 17.20% next year
• Earnings are estimated to increase 58.70% this year, an additional 251.20% next year and continue to grow annually by 14.37% for the next 5 years
• Wall Street analysts issued 14 strong buy, 1 buy, 7 hold and 2 sell recommendations
• Financial Strength C++

Since the stock is up 115% in the past year watch its momentum closely and exit if it drops below its 50 day moving average.

5 Mid Cap Winners

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the best technical indicators and graphs.  On the list is Bob Evans Farms (BOBE), VCA Antech (WOOF),  Stancorp Financial Group (SFG), Primerica (PRI) and Mentor Graphics (MENT):

Bob Evans Farms (BOBE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 6.37% in the last month
• Relative strength Index 70.02%
• Barchart computes a technical support level at 25.91
• Recently traded at 47.49 with a 50 day moving average of 43.67

VCA Antech (WOOF)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 10.56% in the last month
• Relative strength Index 69.21%
• Barchart computes a technical support level at 25.91
• Recently traded at 26.41 with a 50 day moving average of 23.65

Stancorp Financial Group (SFG)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 3.86% in the last month
• Relative Strength Index 61.79%
• Barchart computes a technical support level at 34.98
• Recently traded at 45.27 with a 50 day moving average of 44.14

Primerica (PRI)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 2.58% in the last month
• Relative Strength Index 58.76%
• Barchart computes a technical support level at 34.98
• Recently traded at 35.41 with a 50 day moving average of 33.67

Mentor Graphics (MENT)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 4.07% in the last month
• Relative Strength Index 66.29
• Barchart computes a technical support level at 18.79
• Recently traded at 19.03 with a 50 day moving average of 18.03

Body Central (BODY) - Barchart's Chart of the DAy

Summary:

Body Central (BODY) is the chart of the day.  Since the Trend Spotter issued a buy signal on 3/17 the stock has soared 40.34%.  The Relative Strength Index is 70.54%.

Article:

The Chart of the Day is Body Central (BODY).  In just the last quarter the price has advanced in 30 sessions for a gain of 64.78%.  The stock was found by sorting the New High List for frequency.

The company is a multi-channel, specialty retailer offering apparel and accessories. Its stores feature an assortment of tops, dresses, bottoms, jewelry, accessories and shoes sold under its Body Central' and Lipstick' labels. It operates specialty apparel stores under the Body Central and Body Shop banners, as well as a direct business comprised of Body Central catalog and e-commerce website.

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 25.53% in the last month
• Relative Strength Index 70.54%
• Barchart computes a technical support level at 12.25
• Recently traded at 12.49 with a 50 day moving average of 10.35

Fundamental factors:

• Market Cap $205.34 million
• P/E 21.95
• Revenue projected to be up 5.30% this year and another 12.90% next year
• Earnings estimated to be down 24.00% this year but turn around and increase by 47.40% this year and continue to increase at the rate of 20.00%B annually for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy and 4 hold recommendations
• Financial Strength B+

This stock has had a run up so I watch it closely and sell if it drops below its 50 day moving average.

5 Large Cap Winners

Today I used Barchart to sort the S & P 500 Large Cap Index for the stocks with the best technical  indicators.  The list includes Seagate Technology (STX), Merck (MRK), Intel (INTC), Carefusion (CFN) and Applied Materials (AMAT):

Seagate Technology (STX)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 8.49% in the last month
• Relative Strength Index 73.26%
• Barchart computes a technical support level at 42.21
• Recently traded at 44.72 with a 50 day moving average of 38.73

Merck (MRK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 8.74% in the last month
• Relative Strength Index 66.80%
• Barchart computes a technical support level at 47.66
• Recently traded at 49.66 with a 50 day moving average of 46.36

Intel (INTC)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 6.07% in the last month
• Relative Strength Index 75.54%
• Barchart computes a technical support level at 24.55
• Recently traded at 25.42 with a 50 day moving average of 23.13

Carefusion (CFN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 10.75% in the last month
• Relative Strength Index 79.70%
• Barchart computes a technical support level at 36.11
• Recently traded at 37.81 with a 50 day moving average of 34.58

Applied Materials (AMAT)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 4.42% in the last month
• Relative Strength Index 68.83%
• Barchart computes a technical support level at 15.08
• Recently traded at 15.50 with a 50 day moving average of 14.14

New High Portfolio Changes

Today I made several changes in the Barchart Van Meerten New High portfolio for negative price momentum.  I deleted McCormick (MKC), Verizon Communications (VZ), Sciquest (SQI), Realty Income (O), Ventas (VTR) and Southern Company (SO):

McCormick (MKC)

Barchart technical indicators:

• 56% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 7.99% off its 1 year high
• Relative Strength Index 29.15%

Verizon Communications (VZ)

Barchart technical indicators:

• 40% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 10.62% off its 1 year high
• Relative Strength Index 30.56%

Sciquest (SQI)

Barchart technical indicators:

• 40% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 14.92% off its 1 year high
• Relative Strength Index 39.06%

Realty Income (O)

Barchart technical indicators:

• 60% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 20.80% off its 1 year high
• Relative Strength Index 23.20%

Ventas (VTR)

Barchart technical indicators:

• 40% Barchart short term sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 15.75% off its 1 year high
• Relative Strength Index 25.83%

Southern Company (SO)

Barchart technical indicators:

• 80% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 10.03% off its 1 year high
• Relative strength Index 26.45%

Triquint Semiconductor - Barchart's Chart of the Day

Summary:

Triquint Semiconductor (TQNT) is the Chart of the Day. Since the Trend Spotter signaled a buy on 3/27 the stock has gained 42.82%.  The Relative Strength Index is a solid 84.29%.

Article:

The Chart of the Day is Triquint Semiconductor (TQNT).  The stock was up in 16 of the last 20 sessions and gained 20.10% in the last month.  Since the Trend Spotter signaled a buy on 3/27 the stock is up 42.82%.  I found the stock on the New High List when I sorted for frequency.

The company designs, develops, manufactures and markets a broad range of high performance analog and mixed signal integrated circuits for communications markets. The integrated circuits are incorporated into a variety of communications products, including cellular phones and pagers, fiber optic telecommunications equipment, satellite communications systems, high performance data networking products and aerospace applications.

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 20.10% in the last month
• Relative Strength Index 84.29%
• Barchart computes a technical support level at 6.85
• Recently traded at 7.17 with a 50 day moving average of 5.62

Fundamental factors:

• Market Cap $1.15 billion
• Revenue projected to grow 4.30% this year and another 14.00% next year
• Earnings estimated to increase 381.80% this year and an additional 13.33% next year
• Wall Street analysts issued 2 strong buy, 9 hold and 1 sell recommendation
• Financial Strength C++

Exit your position if the stock drops below its 50 day moving average.