Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2013-07-14

Friday, July 19, 2013

Empire District Electric Company - Chart of the Day

Summary:

Empire District Electric Company (EDE) is the Chart of the Day. The electric and water distributor has both 96% Technical buy signals and a Trend Spotter buy signal. The Relative Strength Index is 76.60%

Article:

The Chart of the Day is Empire District Electric Company (EDE). The stock hit 19 new highs and is up 9.63% in the last month. It was at the top of the New High List when sorted for frequency. The stock rose 15.48% in the last 6 months.

It is an operating public utility engaged in the generation, purchase, transmission, distribution and sale of electricity in parts of Missouri, Kansas, Oklahoma and Arkansas. They also provide water service to several towns in Missouri.

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
19 new highs and up 9.63% in the last month
Relative Strength Index 76.60%
Barchart computes a technical support level at 23.84
Recently traded at 24.02 with a 50 day moving average of 22.42

Fundamental factors:

Market Cap $1.02 billion
P/E 17.17
Dividend yield 4.22%
Revenue projected to grow 6.00% this year and another 3.60% next year
Earnings estimated to increase 4.50% this year. an additional 5.10% next year and continue to increase annually at the rate of 3.00% for the next 5 years
Wall Street analysts issued 3 hold recommendations
Financial StrengthB++

Hold until the stock traded below its 100 day moving average.

Telecommunications Systems (TSYS)

Adding Telecommunications Systems (TSYS)

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 35.02%
Relative Strength Index 75.87%
Barchart computes a technical support level at 2.68
Recently traded at 2.94 with a 50 day moving average of 2.51

Top NASDAQ 100 Stocks

Today I sorted the NASDAQ 100 Index to find the stocks with the best technical indicators and charts. The List today includes Liberty Global (LBTYA), Viacom Class B (VIAB), Altera (ALTR), Linear Technology (LLTC), and Automatic Data Processing (ADP):

Liberty Global (LBTYA)

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 15.35% in the last month
Relative Strength Index 74.09%
Barchart computes a technical support level at 80.76
Recently traded at 81.57 with a 50 day moving average of 75.57

Viacom Class B (VIAB)

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 10.14% in the last month
Relative Strength Index 70.93%
Barchart computes a technical support level at 71.39
Recently traded at 73.67 with a 50 day moving average of 68.49

Altera (ALTR)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 9.02% in the last month
Relative Strength Index 66.82%
Barchart computes a technical support level at 34.89
Recently traded at 35.43 with a 50 day moving average of 33.23

Linear Technologies (LLTC)

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 7.82% in the last month
Relative Strength Index 63.79%
Barchart computes a technical support level at 39.53
Recently traded at 39.68 with a 50 day moving average of 37.55

Automatic Data Processing (ADP)

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 5.32% in the last month
Relative Strength Index 65.71%
Barchart computes a technical support level at 72.32
Recently traded at 72.66 with a 50 day moving average of 70.03

Thursday, July 18, 2013

Cbiz -- Barchart Chart of the Day

Summary:

Cbiz (CBZ) is the Chart of the Day. The diversified business services company is up 28.84% in the last 6 months and has 96% technical buy signals as well as a Trend Spotter buy signal.

Article:

Cbiz (CBZ) is the Chart of the Day. The stock was right at the top of the New High List when I sorted it for frequency. In the last month the stock hit 18 new highs and is up 8.23% with a Relative Strength Index of 78.67%.

Operating under the name Century Business Services it is a diversified services company which provides business services primarily to small and medium-sized businesses, as well as individuals, governmental entities and not-for-profit enterprises throughout the United States and in Toronto, Canada. Their business is classified in three reportable segments: Business Solutions; Benefits and Insurance; and National Practices.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 8.23% in the last month
Relative Strength Index 78.67%
Barchart computes a technical support level at 7.07
Recently traded at 7.23 with a 50 day moving average of 6.74

Fundamental factors:

Market Cap $365.48 million
Revenue expected to increase 7.30% this year and another 3.10% next year
Earnings estimated to increase by 6.60% this year, an additional 10.80% next year and continue to increase annually by 12.00% for the next 5 years
2 Wall Street analysts have issued strong buy recommendations to their clients
Financial Strength B+

The stocks price momentum look solid but still keep a moving stop loss at the 50 day moving average.

Small Cap Eagles

Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks with the best technical indicators and charts. Today's list includes Dime Community Bancshares (DCOM), Wintrust Financial (WTFC), Microsemi (MSCC) , Independent Bank (INDB) and CVB Financial (CVBF):

Dime Community Bancshares (DCOM)

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 15.60% in the last month
Relative Strength Index 87.85%
Barchart computes a technical support level at 17.00
Recently traded at 17.13 with a 50 day moving average of 15.16

Wintrust Financial (WTFC)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 11.42% in the last month
Relative Strength Index 73.38%
Barchart computes a technical support level at 39.83
Recently traded at 41.53 with a 50 day moving average of 38.09

Microsemi Corp (MSCC)

Barchart technical indicators:

96% Barchart technical indicators:
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 13.85% in the last month
Relative Strength Index 75.28%
Barchart computes a technical support level at 24.58
Recently traded at 24.99 with a 50 day moving average of 22.35

Independent Bank (INDB)

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 11.04% in the last month
Relative Strength Index 78.98%
Barchart computes a technical support level at 36.18
Recently traded at 36.80 with a 50 day moving average of 33.87

CVB Financial (CVBF)

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 13.86% in the last month
Relative Strength Index 76.10%
Barchart computes a technical support level at 12.38
Recently traded at 12.83 with a 50 day moving average of 11.66

Barchart Morning Call 7/18

BARCHART MORNING CALL

Thursday, July 18th, 2013

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 +0.12%) this morning are up +0.09% and European stocks are up +0.11%. Asian stocks closed mixed: Japan +1.32%, Hong Kong -0.12%, China -1.64%, Taiwan -0.78%, Australia +0.24%, Singapore +0.31%, South Korea -0.78%, India +0.90%. European and U.S. stocks rose on better-than-expected Q2 stock earnings results along with optimism the Fed will maintain stimulus, while Chinese stocks fell after the IMF said "downside risks" to China's economic growth are increasing and China Jun new home prices rose, which dimmed the prospects for its government to ease property curbs. Commodity prices are mixed. Aug crude oil (CLQ13 -0.11%) is down -0.24%. Aug gasoline (RBQ13 -0.65%) is down -0.51%, Aug gold (GCQ13 +0.23%) is up +0.22%, and Sep copper (HGU13 -0.22%) is down -0.14%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.11%) is up +0.11%. EUR/USD (^EURUSD) is down -0.18% and USD/JPY (^USDJPY) is up +0.53%. September T-note prices (ZNU13 +0.12%) are up +6.5 ticks.
UK Jun retail sales ex auto fuel rose +0.2% m/m, right on expectations, while sales jumped +2.1% y/y, better than expectations of +1.6% y/y. Jun retail sales with auto fuel rose +0.2% m/m, slightly weaker than expectations of +0.3% m/m, and rose +2.2% y/y, better than expectations of +1.7% y/y.
The Eurozone May current account shrank to an unadjusted surplus of 9.5 billion euros from an unadjusted 16.6 billion euros surplus in April.
Spain sold 3.06 billion euros of government debt at auction, more than its maximum target of 3 billion euros.
Greece's Parliament approved austerity measures needed to release funds for the country's next installment of bailout loans. 153 Greek lawmakers voted for and 140 voted against the measures which put thousands of state workers on notice for possible dismissal. Passage of the austerity measures were needed for Eurozone officials and the IMF to sign off on the next disbursements from a 240 billion euro bailout.
Japan Jun nationwide department store sales climbed +7.2% y/y, their best pace of growth in 1-1/4 years.
China June new home prices rose in 69 of 70 cities the government tracked y/y.

U.S. STOCK PREVIEW

Fed Chairman Ben Bernanke today will deliver his second day of semi-annual monetary policy testimony, this time to the Senate Banking Committee. Today’s weekly initial unemployment claims report is expected to show a -15,000 decline to 345,000, reversing nearly all of last week’s jump of +16,000 to 360,000. Meanwhile, continuing claims are expected to show a decline of -18,000 to 2.959 million, reversing most of last week’s +24,000 increase to 2.977 million. Today’s July Philadelphia Fed manufacturing index is expected to show a -4.5 point decline to 8.0, giving back some ground after the +17.7 point surge to 12.5 seen in June. The Treasury today will sell $13 billion in 10-year TIPS. There are 32 of the S&P 500 companies that report earnings today with notable reports including BlackRock (consensus $3.81), UnitedHealth Group (1.25), Johnson Controls (0.75), Baxter (1.13), Morgan Stanley (0.43), Verizon (0.72), Capital One (1.73), AMD (-0.12), Google (10.80), and Microsoft (4.24). There are no equity conferences this week.

OVERNIGHT U.S. STOCK MOVERS

Fith Third Bancorp (FITB +0.69%) reported Q2 EPS of 66 cents, better than consensus of 42 cents.
BlackRock (BLK +1.47%) reported Q2 EPS of $4.15, much better than consensus of $3.81.
UnitedHealth Group (UNH -1.02%) reported Q2 EPS of $1.40, well ahead of consensus of $1.25.
Philip Morris International (PM -0.27%) reported Q2 EPS of $1.30, weaker than consensus of $1.41.
Crown Holdings (CCK +0.50%) reported Q2 EPS ex-items of 96 cents, better than consensus of 93 cents.
Noble Corp. (NE +1.16%) reported Q2 EPS ex-charges of 63 cents, better than consensus of 57 cents.

Carl Icahn reported a 15.54% stake in Navistar (NAV +4.44%) .
Xilinx (XLNX +0.58%) reported Q1 EPS of 56 cents, higher than consensus of 47 cents.
Universal Forest (UFPI -0.23%) reported Q2 EPS of 79 cents, better than consensus of 67 cents.
eBay (EBAY +1.00%) fell 6% in after-hours trading after it reported Q2 EPS of 63 cents, weaker than consensus of 64 cents, and lowered guidance on fiscal 2013 EPS to $2.70-$2.75, weaker than consensus of $2.75.
IBM (IBM +0.36%) climbed nearly 4% in after-hours trading after it reported Q2 EPS of $3.91, higher than consensus of $3.77, and boosted its fiscal 2013 EPS view to 'at least' $16.90, higher than a previous estimate of $16.70.
American Express (AXP -1.88%) reported Q2 EPS of $1.27, better than consensus of $1.22.
SanDisk (SNDK -0.10%) climbed over 6% in after-hours trading after it reported Q2 EPS of $1.21, well ahead of consensus of 93 cents and said it sees fiscal 2013 revenue of $5.75 billion-$6.05 billion, higher than consensus of $5.82 billion.
Plexus (PLXS -0.39%) rose 5% in after-hours trading after it reported Q3 EPS of 68 cents, better than consensus of 58 cents.
Covanta (CVA -0.64%) reported Q2 adjusted EPS of 10 cents, stronger than consensus of 6 cents.
Intel (INTC -0.41%) fell over 3% in pre-market trading after it reported Q2 EPS of 39 cents, weaker than consensus of 40 cents and said it sees fiscal 2013 revenue approximately flat year-over-year, weaker than consensus of $53.51 billion.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 +0.12%) this morning are up +1.50 points (+0.09%). The U.S. stock market on Wednesday closed higher. Bullish factors included (1) strength in financial stocks after Bank of America and Bank of New York Mellon both reported better-than-expected earnings results, and (2) comments from Fed Chairman Bernanke that suggest the Fed is in no hurry to cut stimulus. A bearish factor for stocks was the U.S. Jun housing starts that unexpectedly fell -9.9% to a 10-month low of 836,000, weaker than expectations of a +5.0% increase to 960,000. Closes: S&P 500 +0.28%, Dow Jones +0.12%, Nasdaq 100 +0.25%.
Sep 10-year T-notes (ZNU13 +0.12%) this morning are up +6.5 ticks. Sep 10-year T-note prices on Wednesday climbed to a 3-1/2 week high and closed higher after Fed Chairman Bernanke said that accommodative monetary policy "could be maintained for longer" if inflation remained too low or the outlook for employment became less favorable. Another bullish factor for T-notes was the unexpected declines in Jun housing starts and building permits: TYU3 +13.50, FVU3 +8.50.
The dollar index (DXY00 +0.11%) this morning is up +0.094 (+0.11%). EUR/USD (^EURUSD) is down -0.0024 (-0.18%). USD/JPY (^USDJPY) is up +0.53 (+0.53%). The dollar index on Wednesday rebounded from a 3-week low and closed higher after comments from Fed Chairman Bernanke weren't as dovish as the market expected when he said he expected the economy to pick up later this year. Dollar gains were limited after U.S. Jun housing starts unexpectedly fell to their lowest level in 10-months. Closes: Dollar index +0.210 (+0.25%), EUR/USD -0.00368 (-0.28%), USD/JPY +0.486 (+0.49%).
Aug WTI crude oil (CLQ13 -0.11%) this morning is down -26 cents (-0.24%) and Aug gasoline (RBQ13 -0.65%) is down -0.0160 (-0.51%). Crude oil and gasoline prices on Wednesday closed mixed. Bullish factors included (1) the -6.9 million bbl plunge in weekly EIA crude inventories to a 6-month low of 367 million bbl, more than expectations of a-2.0 million bbl draw, and (2) comments from Fed Chairman Bernanke that suggest the Fed is in no hurry to cut stimulus. Bearish factors included (1) the stronger dollar, (2) the unexpected +3.055 million bbl increase in weekly EIA gasoline inventories when expectations were for a -1.5 million bbl draw, (3) slack gasoline consumption after U.S, gasoline consumption fell -570,000 barrels a day, 0r -6.1% to 8.73 million barrels a day for the week ended July 12, the biggest weekly decline in 7-1/2 years, (4) the +3.870 million bbl jump in weekly EIA distillate inventories to a 5-month high of 127.68 million bbl, more than expectations of +1.5 million bbl. and (5) the +1.2% increase in weekly U.S. crude production for the week ended July 12 to 7.490 million barrels per day, the highest in 22-1/2 years. Closes: CLQ3 +0.48 (+0.45%), RBQ3 -0.0242 (-0.77%).

GLOBAL EVENT CALENDAR07/18/2013

US	0830 ET	Weekly initial unemployment claims expected -15,000 to 345,000, previous +16,000 to 360,000. Weekly continuing claims expected -18,000 to 2.959 million, previous +24,000 to 2.977 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Fed Chairman Ben Bernanke delivers his semi-annual monetary policy report to the Senate Banking Committee.
	1000 ET	Jul Philadelphia Fed manufacturing index expected -4.5 to 8.0, Jun +17.7 to 12.5.
	1000 ET	Jun leading indicators expected +0.3%, May +0.1%.
	1100 ET	Treasury announces amounts of 2-year T-notes (previous $35 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jul 23-25.
	1300 ET	Treasury auctions $13 billion 10-year TIPS.
JPN`0130 ET	Japan Jun nationwide department store sales, May +2.6% y/y.
EUR	0400 ET	Eurozone May current account, Apr +15.3 billion euros (nsa).
UK	0430 ET	UK Jun retail sales ex auto fuel expected +0.2% m/m and +1.6% y/y, May +2.1% m/m and +2.1% y/y. Jun retail sales with auto fuel expected +0.3% m/m and +1.7% y/y, May +2.1% m/m and +1.9% y/y.

U.S. STOCK CALENDAR07/18/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Nucor Corp	NUE US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.3
PPG Industries Inc	PPG US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	2.345
Huntington Bancshares Inc/OH	HBAN US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.161
Safeway Inc	SWY US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.505
BlackRock Inc	BLK US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	3.812
Sherwin-Williams Co/The	SHW US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	2.572
Snap-on Inc	SNA US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	1.456
BB&T Corp	BBT US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.738
Quest Diagnostics Inc	DGX US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	1.091
AutoNation Inc	AN US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.728
UnitedHealth Group Inc	UNH US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	1.25
Genuine Parts Co	GPC US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	1.211
KeyCorp	KEY US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.198
Johnson Controls Inc	JCI US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.748
Danaher Corp	DHR US	6:00	Q2 2013 Earnings Release	Q2 2013	0.865
Fifth Third Bancorp	FITB US	6:30	Q2 2013 Earnings Release	Q2 2013	0.421
Omnicom Group Inc	OMC US	7:00	Q2 2013 Earnings Release	Q2 2013	1.084
Baxter International Inc	BAX US	7:00	Q2 2013 Earnings Release	Q2 2013	1.131
Philip Morris International Inc	PM US	7:00	Q2 2013 Earnings Release	Q2 2013	1.406
Dover Corp	DOV US	7:00	Q2 2013 Earnings Release	Q2 2013	1.286
Morgan Stanley	MS US	7:15	Q2 2013 Earnings Release	Q2 2013	0.432
Verizon Communications Inc	VZ US	7:30	Q2 2013 Earnings Release	Q2 2013	0.724
BB&T Corp	BBT US	8:00	Q2 2013 Earnings Call	Q2 2013
Danaher Corp	DHR US	8:00	Q2 2013 Earnings Call	Q2 2013
Union Pacific Corp	UNP US	8:00	Q2 2013 Earnings Release	Q2 2013	2.354
Amphenol Corp	APH US	8:00	Q2 2013 Earnings Release	Q2 2013	0.939
SLM Corp	SLM US	8:00	Q2 2013 Earnings Call	Q2 2013
Omnicom Group Inc	OMC US	8:30	Q2 2013 Earnings Call	Q2 2013
Baxter International Inc	BAX US	8:30	Q2 2013 Earnings Call	Q2 2013
Verizon Communications Inc	VZ US	8:30	Q2 2013 Earnings Call	Q2 2013
Quest Diagnostics Inc	DGX US	8:30	Q2 2013 Earnings Call	Q2 2013
Union Pacific Corp	UNP US	8:45	Q2 2013 Earnings Call	Q2 2013
UnitedHealth Group Inc	UNH US	8:45	Q2 2013 Earnings Call	Q2 2013
Philip Morris International Inc	PM US	9:00	Q2 2013 Earnings Call	Q2 2013
BlackRock Inc	BLK US	9:00	Q2 2013 Earnings Call	Q2 2013
Noble Corp	NE US	9:00	Q2 2013 Earnings Call	Q2 2013
KeyCorp	KEY US	9:00	Q2 2013 Earnings Call	Q2 2013
Fifth Third Bancorp	FITB US	9:00	Q2 2013 Earnings Call	Q2 2013
Dell Inc	DELL US	9:15	Special Meeting - M&A Vote
Morgan Stanley	MS US	10:00	Q2 2013 Earnings Call	Q2 2013
Huntington Bancshares Inc/OH	HBAN US	10:00	Q2 2013 Earnings Call	Q2 2013
Snap-on Inc	SNA US	10:00	Q2 2013 Earnings Call	Q2 2013
Dover Corp	DOV US	10:00	Q2 2013 Earnings Call	Q2 2013
Google Inc	GOOG US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	10.796
Intuitive Surgical Inc	ISRG US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	4.241
Microsoft Corp	MSFT US	Aft-mkt	Q4 2013 Earnings Release	Q4 2013	0.747
Dell Inc	DELL US		Extraordinary Shareholder Meeting

Wednesday, July 17, 2013

ARC Document Solutions - Barchart's Chart of the Day

Summary:

ARC Document Solutions (ARC) is the Chart of the Day. The business to business document management company is up 91.32% in just the last 6 months. The stock has a Trend Spotter buy signal and Relative Strength Index of 73.31%.

Article:

The Chart of the Day is ARC Document Solutions (ARC) formerly called American Reprographic. The stock was at the top of the New High List after I sorted it for frequency. The stock hit 19 new highs in the last 20 sessions and is up 25.14% in the last month.

ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents.

96% Barchart technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
19 new highs and up 25.14% in the last month
Relative Strength Index 73.31%
Barchart computes a technical support level at 4.51
Recently traded at 4.63 with a 50 day moving average of 3.88

Fundamental factors:

Market Cap $214.18 million
Revenue projected to increase 2.80% next year
Earnings estimated to increase 275.00% this year, an additional 71.40% next year and continue to grow annually by 10.00% for the next 5 years
Wall Street analysts issued 1 strong buy and 3 hold recommendations to their clients
Financial Strength C+

The stock has moved fast so if you still buy watch the moving averages and exit if it drops below its 50 day moving average

Tuesday, July 16, 2013

Microsemi Corp - Barchart's Chart of the Day

Summary:

Microsemi Corp (MSCC) is the Chart of the Day. The semiconductor designer and manufacturer is up over 39.93% on the last year and has a Trend Spotter buy signal.

Article:

The Chart of the Day is Microsemi (MSCC). The stock was found by sorting the New High List for frequency and panning the charts with the Flipchart feature. The stock has a Trend Spotter buy signal and a Relative Strength Index of 73.52%

They are a leading designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. The company's semiconductors manage and regulate power, protect against transient voltage spikes and transmit, receive and amplify signals. Their products include individual components as well as complete circuit solutions that enhance our customers' end products by providing battery optimization, reducing size or protecting circuits.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 15.93% in the last month
Relative Strength index 73.52%
Barhart computes a technical support level at 24.30
Recently traded at 24.69 with a 50 day moving average of 22.22

Fundamental factors:

Market Cap $2.25 billion
P/E 14.87
Revenue projected to grow next year by 9.20%
Earning estimated to increase next year by 25.30% and continue to increase annually by 15.00% a year for the next 5 years
Wall Street analysts issued 6 strong buy, 2 buy and 2 hold recommendations to their clients
Financial Strength B+

Since the stock price has increased faster than the overall market please monitor the moving averages and exit if the stock drops below its 50 day moving average.

Financials Lead the MidCaps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the best technical indicators and charts. In the sorted list the Financial sector continued to dominate. The list includes Bank of Hawaii (BOH), Webster Financial (WBS), Cathay General Bancorp (CATY), Bancosouth (BXS), and Signature Bank (SBNY):

Bank of Hawaii (BOH)

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 11.45% in the last month
Relative Strength Index 69.82%
Barchart computes a technical support level at 53.85
Recently traded at 54.62 with a 50 day moving average of 50.57

Webster Financial (WBS)

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 16.04% in the last month
Relative strength Index 72.93%
Barchart computes a technical support level at 26.82
Recently traded at 27.42 with a 50 day moving average of 24.49

Cathay General Bancorp (CATY)

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 17.36% in the last month
Relative Strength Index 71.12%
Barchart computes a technical support level at 18.20
Recently traded at 23.01 with a 50 day moving average of 20.67

Bancosouth (BXS)

Barchart technical indicators:

72% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 an d100 day moving averages
15 new highs and up 14.02% in the last month
Relative strength Index 63.09%
Barchart computes a technical support level at 18.20
Recently traded at 18.73 with a 50 day moving average of 17.38

Signature Bank (SBNY)

Barchart technical indicators:

80% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 12.70% in the last month
Relative Strength Index 74.42%
Barchart computes a technical support level at 87.88
Recently traded at 89.09 with a 50 day moving average of 80.10

CVB Financial - CVBF - Small Cap Focus

Seeking Alpha Coverage: CVB Financial (CVBF)

Barchart Moring Call 7/16

BARCHART MORNING CALL

Tuesday, July 16th, 2013

View Older Reports

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

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU13 +0.04%) this morning are up +0.04% and European stocks are down -0.43%. Asian stocks closed mostly higher: Japan +0.64%, Hong Kong +0.04%, China +0.46%, Taiwan +0.07%, Australia +0.10%, Singapore -0.37%, South Korea -0.58%, India -0.91%. European stocks were undercut after German investor confidence in July unexpectedly declined and after European Jun auto sales fell to their lowest level in 2 decades. Commodity prices are mostly higher. Aug crude oil (CLQ13 +0.53%) is up +0.18%. Aug gasoline (RBQ13 +0.40%) is up +0.47%, Aug gold (GCQ13 +0.43%) is up +0.51%, and Sep copper (HGU13 +0.46%) is up +0.38%. Agricultural and livestock prices are stronger. The dollar index (DXY00 -0.35%) is down -0.34%. EUR/USD (^EURUSD) is up +0.38% and USD/JPY (^USDJPY) is down -0.52%. September T-note prices (ZNU13 +0.14%) are up +6.5 ticks.
The German July ZEW economic sentiment survey unexpectedly fell -2.2 points to 36.3, weaker than expectations of a +1.5 point increase to 40.0. The July ZEW current situation survey rose +2.0 points to 10.6, stronger than expectations of +0.4 to 9.0.
The European Automobile Manufacturers' Association reported European Jun auto registrations fell -6.3% y/y to 1.18 million vehicles, the lowest for the month since 1996, while European Jan-Jun car sales fell -6.7% y/y to 6.44 million vehicles, the least for the first half of a year since 1993.
The Eurozone Jun CPI rose +0.1% m/m and +1.6% y/y, right on expectations, and the Jun core CPI climbed at a +1.2% y/y pace, also right on expectations.
The Eurozone May trade balance unexpectedly grew to a 15.2 billion euro surplus from a revised 14.1 billion euros surplus in April, wider than expectations for the trade balance to shrink to 12.0 billion euros.
UK Jun CPI fell -0.2% m/m and rose +2.9% y/y, smaller increases than expectations of -0.1% m/m and +3.0% y/y, although Jun core CPI climbed at a +2.3% y/y pace, right on expectations.

U.S. STOCK PREVIEW

On a year-on-year basis, the June CPI is expected to rise to +1.6% y/y from +1.4% in May. However, the core CPI is expected to ease to +1.6% y/y from +1.7% in May. Today’s June industrial production report is expected to show an increase of +0.3%, gaining ground again after being unchanged in May. Today’s July NAHB housing market index is expected to show a small -1 point decline to 51, giving back a little ground after the +8 point surge to a 7-year high of 52 seen in June. There are 8 of the S&P 500 companies that report earnings today: Schwab (consensus $0.19), Coca-Cola (0.63), Comerica (0.70), Mosaic (1.15), Goldman Sachs (2.89), Johnson & Johnson (1.39), CSX (0.47), Yahoo (0.30). There are no equity conferences this week.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN -0.32%) was initiated with a "Buy" at SunTrust with a price target of $370.
General Motors (GM +0.27%) was upgraded to "Conviction Buy" from "Buy," while Ford (F +0.06%) was downgraded to "Buy" from "Conviction Buy" at Goldman.
Yum! Brands (YUM +1.59%) was initiated with a "Buy" at Stifel with a price target of $105.
Texas Roadhouse (TXRH -0.59%) was downgraded to "Neutral" from "Overweight" at JPMorgan.
DaVita (DVA -0.80%) was downgraded to "Sell" from "Neutral" at Goldman.
Mosaic (MOS +0.05%) reported Q4 EPS of $1.14, slightly weaker than expectations of $1.15.
Comerica (CMA -0.31%) reported Q2 EPS of 76 cents, better than expectations of 70 cents.
J.M. Smucker (SJM +0.61%) raised its quarterly dividend to 58 cents from 52 cents per share.
Marathon Petroleum (MPC -0.19%) said it will take charges of between $1.75-$1.85 on Q2 EPS and Q2 EPS may not compare to consensus estimates for $2.64 per share.
Brown & Brown (BRO +0.09%) reported Q2 EPS of 36 cents, better than consensus of 35 cents.
Cintas (CTAS -0.25%) fell 4% in after-hours trading after it reported Q4 EPS of 69 cents, below consensus of 70 cents.
Berry Plastics (BERY +0.23%) sees Q3 revenue of $1.22 billion-$1.23 billion, below consensus of $1.26 billion, due to soft customer demand.

MARKET COMMENTS

Sep E-mini S&Ps (ESU13 +0.04%) this morning are little changed, up +0.75 of a point (+0.04%). The U.S. stock market on Monday closed higher. Bullish factors included (1) China Q2 GDP of +7.5% y/y, right on expectations, which reduced market concerns of a larger decline in Chinese economic growth, and (2) the unexpected +1.62 point increase in the July Empire manufacturing index to 9.36, its strongest pace of expansion in 5 months and better than expectations of a -2.84 decline to 5.00. Stocks basically ignored U.S. June retail sales, which rose +0.4% and were unchanged less autos, weaker than expectations of +0.8% and +0.5% less autos. Closes: S&P 500 +0.14%, Dow Jones +0.13%, Nasdaq 100 +0.03%.
Sep 10-year T-notes (ZNU13 +0.14%) this morning are up +6.5 ticks. Sep 10-year T-note prices on Monday closed higher after the smaller-than-expected increase in June retail sales signaled weaker-than-expected Q2 GDP growth that may give the Fed pause before they begin to taper QE3. Closes: TYU3 +13.00, FVU3 +6.50.
The dollar index (DXY00 -0.35%) this morning is down -0.286 (-0.34%). EUR/USD (^EURUSD) is up +0.0050 (+0.38%). USD/JPY (^USDJPY) is down -0.52 (-0.52%). The dollar index on Monday closed higher after the July Empire manufacturing index climbed to its best level in 5 months and bolstered expectations for the Fed to soon taper its dollar negative bond purchases. The dollar fell back from its best level after U.S. June retail sales increased at a slower pace than expected. Closes: Dollar index +0.055 (+0.07%), EUR/USD -0.0078 (-0.05%), USD/JPY +0.619 (+0.62%).
Aug WTI crude oil (CLQ13 +0.53%) this morning is up +19 cents (+0.18%) and Aug gasoline (RBQ13 +0.40%) is up +1.47 cents (+0.47%). Crude oil and gasoline prices on Monday settled mixed. Bullish factors included (1) the increase in China June crude demand to 9.991 million barrels a day, up +10.98% y/y, and (2) the unexpected increase in the July Empire manufacturing index to its best level in 5 months (+1.62 to 9.36). Bearish factors included (1) the stronger dollar, and (2) the weaker-than-expected U.S. Jun retail sales. Closes: CLQ3 +0.37 (+0.35%), RBQ3 unch.

GLOBAL EVENT CALENDAR07/16/2013

US	0830 ET	Jun CPI expected +0.3% m/m and +1.6% y/y, May +0.1% m/m and +1.4% y/y. Jun CPI ex food & energy expected +0.2% m/m and +1.6% y/y, May +0.2% m/m and +1.7% y/y.
	0915 ET	Jun industrial production expected +0.3%, May unch. Jun capacity utilization expected +0.1 to 77.7%, May -0.1 to 77.6%.
	1000 ET	Jul NAHB housing market index expected -1 to 51, Jun +8 to 52.
	1415 ET	Kansas City Fed President Esther George speaks on economic conditions and agriculture at the Kansas City Feds 2013 Agricultural Symposium.
	1630 ET	API weekly U.S. oil statistics.
EUR	0200 ET	Eurozone Jun new car registrations, May -5.9%.
	0500 ET	Eurozone May trade balance expected +16.2 billion euros (sa), Apr +16.1 billion euros (sa).
	0500 ET	Revised Eurozone CPI, previous +1.6% y/y and core CPI +1.2% y/y.
UK	0430 ET	UK Jun PPI input prices expected -0.2% m/m and +4.2% y/y, May -0.3% m/m and +2.2% y/y.
	0430 ET	UK Jun PPI output prices expected unch m/m and +1.9% y/y, May unch m/m and +1.2% y/y. Jun PPI output core prices expected +0.1% m/m and +1.1% y/y, May +0.1% m/m and +0.8% y/y.
	0430 ET	UK Jun CPI expected -0.1% m/m and +3.0% y/y, May +0.2% m/m and +2.7% y/y. Jun core CPI expected +2.3% y/y, May +2.2% y/y.
	0430 ET	UK Jun RPI expected unch m/m and +3.4% y/y, May +0.2% m/m and +3.1% y/y. Jun RPI ex-mortgage interest payments expected +3.4% y/y, May +3.1% y/y.
GER	0500 ET	German July ZEW economic sentiment survey expected +1.5 to 40.0, Jun 38.5. July ZEW current situation survey expected +0.4 to 9.0, Jun 8.6.
CHI	2200 ET	China Jun actual foreign direct investment (FDI) expected +0.7% y/y, May +0.3% y/y

U.S. STOCK CALENDAR07/16/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Charles Schwab Corp/The	SCHW US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.187
Coca-Cola Co/The	KO US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.629
Comerica Inc	CMA US	Bef-mkt	Q2 2013 Earnings Release	Q2 2013	0.7
Mosaic Co/The	MOS US	7:00	Q4 2013 Earnings Release	Q4 2013	1.147
Goldman Sachs Group Inc/The	GS US	7:30	Q2 2013 Earnings Release	Q2 2013	2.886
Johnson & Johnson	JNJ US	7:45	Q2 2013 Earnings Release	Q2 2013	1.392
Comerica Inc	CMA US	8:00	Q2 2013 Earnings Call	Q2 2013
Johnson & Johnson	JNJ US	8:30	Q2 2013 Earnings Call	Q2 2013
Mosaic Co/The	MOS US	9:00	Q4 2013 Earnings Call	Q4 2013
Goldman Sachs Group Inc/The	GS US	9:30	Q2 2013 Earnings Call	Q2 2013
Coca-Cola Co/The	KO US	9:30	Q2 2013 Earnings Call	Q2 2013
Freeport-McMoRan Copper & Gold Inc	FCX US	10:00	Annual General Meeting
Yahoo! Inc	YHOO US	17:00	Q2 2013 Earnings Call	Q2 2013
CSX Corp	CSX US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	0.473
Yahoo! Inc	YHOO US	Aft-mkt	Q2 2013 Earnings Release	Q2 2013	0.297

Monday, July 15, 2013

Imperva - Barchart's Chart of the Day

Summary:

Imperva (IMPV) is the Chart of the Day. The computer software company is up 68.47% in the last year. The stock had several Trend Spotter buy signals over that time.

Article:

The Chart of the Day is Imperva (IMPV). The stock had 17 new highs and is up over 23.85% in just the last month. I found the stock by sorting the New High List for frequency then used the FlipChart feature.

The company is engaged in the development of protection software and services for business applications and databases. It delivers innovative technology to give full audit accountability and separation of duties to meet regulatory compliance. It offers SecureSphere Data Security Suite to protect sensitive data from hackers and malicious insiders along with providing a fast and cost-effective route to regulatory compliance and establishes a repeatable process for data risk management. The Company's SecureSphere offers database security solutions to secure sensitive data stored in databases, File Security solutions to protect sensitive files on file servers, storage devices, content repositories, and meet regulatory compliance mandates and Web Application Security solutions to protect web applications from cyber attacks.

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 23.85% in the last month
Relative Strength Index 79.93%
Barchart computes a technical support level at 47.21
Recently traded at 47.98 with a 50 day moving average of 41.03

Fundamental factors:

Market Cap $ 1.18 billion
Revenue projected to grow 30.00% this year and another 24.20% next year
Earnings estimated to increase 183.30% this year, an additional 620.00% next year and continue to increase 25.00% annually for the next 5 years
Wall Street analysts issued 3 strong buy, 6 buy and 2 hold recommendations for their clients

With a stock up almost 70% in a year you need to watch the moving averages closely and exit if it drops below its 50 day moving average.

Large Cap Financial Soaring

Today I used Barchart to sort the S&P 500 Large Cap Index to find the best technical indicators and charts and found the financials still at the top of my list. The list includes Cigna (CI), U S Bancorp (UBS), Hudson City Bancorp (HCBK), M&T Bank (MT) and People's United Financial (PBCT):

Cigna (CI)