Ubiquiti Networks - Chart of the Day

Ubiquiti Networks (UBNT) is the Chart of the Day.  The broadband wireless solutions company has a Trend Spotter buy signal, a Weighted Alpha of 280.70 and gained 306.40% in the last year.

The Chart of the Day is Ubiquiti Networks (UBNT).  I found the stock by using Barchart to sort today's New High List for Weighted Alpha and this stock was 280.70+.  You can see from the chart that there have been a series of Trend Spotter buy signals including the one on 9/26.  Since then the stock is up another 18.98%.

They are engaged in the business of designing, manufacturing and selling broadband wireless solutions worldwide. Their products and solutions include radios, antennas and management tools and other applications in the unlicensed radio frequency spectrum.

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 signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 19.60% in the last month
• Relative Strength Index 60.28%
• Barchart computes a technical support level at 38.75
• Recently traded at 41.25 with a 50 day moving average of 35.94

Fundamental factors:

• Market Cap $3.59 billion
• P/E 43.57
• Revenue predicted to grow 56.50% this year and another 19.30% next year
• Earnings estimated to increase 79.10% this year, an additional 18.40% next year and continue to increased annually by 33.10% for the next 5 years
• Wall Street analysts issued 1 strong buy, 5 buy and 5 hold recommendations 

This stock moved a lot this year so watch the 50 day moving average very closely for signs of weakness.

Mastech Holdings - Chart of the Day

Mastech Holdings (MHH) is the Chart of the Day.  The information technology company has a Trend Spotter buy signal, a Weighted Alpha of 265.90 and gained 308.79% in the last year.

The Chart of the Day is Mastech Holdings (MHH).  I found the stock by using Barchart to sort the New High List for Weighted Alpha and this stock has a WA of 265.90+.  Since the Trend  Spotter gave a buy signal on 9/24 the stock has gained 60.01%.

It provides Information Technology services in the disciplines which drive today's business operations. Clients turn to Mastech for comprehensive I.T. services including: I.T. Consulting; OneSource Co-Managed projects and supplemental I.T. resources. Mastech's niche focus includes Business Intelligence/Data Warehousing; Enterprise Resource Planning; Service Oriented Architecture; Web Development and I.T. Project Management. Mastech also provides Recruitment Process Outsourcing services and Brokerage Operations Staffing services through its RPOworldwide and Global Financial Services subsidiaries. Mastech is a certified minority-owned business enterprise.

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
• 15 new highs and up 61.60% in the last month
• Relative Strength Index 93.35%
• Barchart computes a technical support level at 16.83
• Recently traded at 18.61 with a 50 day moving average of 12.39

Fundamental factors:

• Market Cap $63.99 million
• P/E 18.79
• Financial Strength C++
• Presently no analyst is covering the stock but they have made a profit every year since 2008 and paid a special dividend of $2.00 in 2012.

This is a pure technical play since there is no Wall Street coverage.  Using moving stop losses at the 100 day moving average to protect profits.

Gentium SPA - Chart of the day

Gentium SPA (GENT) is the Chart of the Day.  The Italian biopharmaceutical firm has a Trend Spotter buy signal, a Weighted Alpha of 307.55+ and gained 506% in the last 6 months.

The Chart of the Day is Gentium SPA (GENT).  I found the stock by sorting the New High List for Weighted Alpha.  Since the Trend Spotter signaled a buy on 7/15 the stock soared 573.25%.

It is a biopharmaceutical company focused on the research, development and manufacture of drugs to treat and prevent a variety of vascular diseases and conditions related to cancer and cancer treatments. Defibrotide, the Company's lead product candidate, is an investigational drug that has been granted Track Designation by the U.S. FDA for the treatment of Severe VOD, Orphan Drug status by the U.S. FDA for the treatment and prevention of VOD and Orphan Medicinal Product Designation by the European Commission for the treatment and prevention of VOD.

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
• 33 new highs and up 505.20% in the last 6 months
• Relative Strength index 84.91%
• Barchart computes a technical support level at 46.20
• Recently traded at 47.75 with a 50 day moving average of 27.92

Fundamental factors:

• Market Cap $718.16 million
• P/E 98.02
• Revenue predicted to grow by 53.00% this year and another 87.10% next year
• Earnings estimated to increase by 883.30% this year and an additional 200.00% next year
• Wall Street analysts issued 2 strong buy recommendations

When a stock moves this much in the last 6 most you need to put in moving stop losses at least at the 100 day moving average.

China Sunergy - Chart of the Day

China Sunergy (CSUN) is the Chart of the Day.  The stock has a Trend Spotter buy signal, 100% Barchart technical buy signals and gained 84.48% in just the last month.


The Chart of the Day is China Sunergy (CSUN).  I found the stock by sorting the New High List for Weighted Alpha and this stock has a WA of 848.00+.  Since the Trend Spotter signaled a buy on 9/3 the stock is up 321.40%!

It is a manufacturer of solar cell products in China. They manufacture solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets.

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
• 21 new highs and up 704.31% in the last year
• Relative Strength Index 75.72%
• Barchart computes a technical support level at 7.41
• Recently traded at 9.15 with a 50 day moving average of 4.88

Fundamental factors:

• Market Cap $406.72 million
• Revenue projected to grow 43.50% this year and 7.10% next year
• Earnings estimated to increase by 63.00% this  year, an additional 64.90% next year and continue to increase at the rate of 10.00% annually for the next 5 years
• The Wall Street analyst following the stock rates it a hold

Watch the 50 day moving average on this fast moving stock for an exit point.

5 Great Large Caps

One of the technical indicators that shows stocks with consistent gains is the Weighted Alpha:

The Weighted Alpha indicator allows traders to quickly spot stocks or sectors that have shown a strong rally over the past year and which may continue to rally. A stock whose price has risen over the one-year period will have a positive Weighted Alpha. A stock whose price has not changed in the period will have a small Weighted Alpha and a stock whose price has dropped over the period will have a negative Weighted Alpha.

I used Barchart to sort the S&P 500 Large Cap Stock Index for the stocks with the highest Weighted Alpha and the list includes Best Buy (BBY) 203.01+, Micron Technology (MU) 196.53+, Netflix (NFLX) 169.56+, Delta Airlines (DAL) 168.38 and Gamestop (GME) 150.76+.

Best Buy (BBY)

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 200.76 in the last year
• Relative Strength Index 72.47%
• Barchart computes a technical support level at 42.81
• Recently traded at 43.50 with a 50 day moving average of 39.30

Micron Technology (MU)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 71 new highs and up 200.34% in the last year
• Relative Strength Index 55.38%
• Barchart computes a technical support level at 17.33
• Recently traded at 17.53 with a 50 day moving average of 16.69

Netflix (NFLX)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 61 new highs and up 333.55% in the last year
• Relative Strength Index 57.98%
• Barchart computes a technical support level at 320.87
• Recently traded at 339.47 with a 50 day moving average of 312.12

Delta Airlines (DAL)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 65 new highs and up 180.76% in the last year
• Relative Strength Index 77.54%
• Barchart computes a technical support level at 26.63
• Recently traded at 27.40 with a 50 day moving average of 23.72

Gamestop  (GME)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 48 new highs and up 134.15% in the last month
• Relative Strength Index 65.79%
• Barchart computes a technical support level at 54.57
• Recently traded at 55.56 with a 50 day moving average of 51.73

Barchart Moring Call 11/5

BARCHART MORNING CALL

Tuesday, November 5th, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ13 -0.31%) this morning are down -0.27% and European stocks are down -0.71% after the European Union trimmed its growth outlook for next year. Asian stocks closed mixed: Japan +0.17%, Hong Kong -0.65%, China +0.14%, Taiwan -1.10%, Australia +0.77%, Singapore 0.05%, South Korea -0.61%, India -1.25%. The European Union cut its 2014 Eurozone GDP forecast to 1.1%, less than the +1.2% forecast in May, and raised its 2014 Eurozone unemployment estimate to a record 12.2%, higher than the 12.1% predicted in May. Limiting losses in stocks were comments from Boston Fed President Rosengren who said late Monday that monetary policy is likely to remain simulative for "some time" until the labor market gains strength. Commodity prices are mixed. Dec crude oil (CLZ13 -0.25%) is down -0.34%. Dec gasoline (RBZ13 +0.28%) is up +0.04%. Dec gold (GCZ13 -0.20%) is down -0.20% and Dec copper (HGZ13 +0.08%) is up +0.08%. Agricultural and livestock prices are mixed. The dollar index (DXY00 +0.03%) is up +0.02%. EUR/USD (^EURUSD) is down -0.17% on speculation the ECB will announce additional stimulus measures when it meets on Thursday. USD/JPY (^USDJPY) is down -0.28%. December T-note prices (ZNZ13 -0.11%) are down -5 ticks.
The European Union cut its 2014 Eurozone GDP forecast to 1.1%, less than the +1.2% forecast in May, and raised its 2014 Eurozone unemployment estimate to a record 12.2%, higher than the 12.1% predicted in May.
The UK Oct PMI services unexpectedly climbed +2.2 points from Sep to 62.5, better than expectations of a -0.3 point decline to 60.0 and the fastest pace of expansion in 16 years.
The UK Oct BRC retail sales monitor like for like sales was up +0.8% y/y, less than expectations of +1.0% y/y.
The Eurozone Sep PPI rose +0.1% m/m and fell -0.9% y/y, slower than expectations of +0.2% m/m and -0.8% y/y, with the -0.9% y/y fall the biggest annual decline in 3-1/2 years.
The China Oct HSBC/Markit services PMI rose +0.2 from Sep to 52.6.

U.S. STOCK PREVIEW

Today’s Oct ISM non-manufacturing index is expected to show a -0.4 point decline to 54.0, adding to the sharp -4.2 point decline to 54.4 seen in September. There are 25 of the S&P 500 companies that report earnings today with notable reports including Emerson Electric (consensus $1.11), Dominion Resources (0.90), ICE Exchange (1.83), Mosaic (0.74), CVS Caremark (1.02), Sempra Energy (1.23),
Equity conference during the remainder of this week include: Macquarie Capital Mobile Corporate Day on Tue, Robert W Baird and Co Industrial Conference on Tue-Wed, Morningstar, Management Behind the Moat Conference on Tue-Thu, Bloomberg State & Municipal Finance Conference on Wed, Needham HDD Flash Memory Conference on Wed, Raymond James Global Airline Transportation Conference on Wed-Thu, 11th Annual Canadian Business Leadership Forum on Thu, Sanford C. Bernstein & Co Emerging Tech Long View Conference on Thu, Citi Financial Technology Conference on Thu, Bernstein Digital Marketing Symposium on Thu, and BancAnalysts Association of Boston Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Host Hotels & Resorts (HST +1.33%) reported Q3 EPS of 25 cents, weaker than consensus of 26 cents.
DirectTV (DTV +1.10%) reported Q3 adjusted EPS of $1.28, higher than consensus of $1.02.
Regeneron Pharmaceuticals (REGN -1.43%) reported Q3 EPS of $2.40, much better than consensus of $1.90.
IntercontinentalExchange (ICE -0.77%) reported Q3 EPS of $1.97, well ahead of consensus of $1.83.
CVS Caremark (CVS -0.97%) reported Q3 EPS of $1.09, better than consensus of $1.02.
NYSE Euronext (NYX -0.63%) reported Q3 EPS of 53 cents, below consensus of 55 cents.
CF Industries (CF +1.25%) reported Q3 EPS of $4.07, higher than consensus of $4.00, but reported Q3 revenue of $1.1 billion, below consensus of $1.14 billion.
RockTenn (RKT +1.62%) reported Q4 adjusted EPS of $2.66, well above consensus of $2.46.
Owens & Minor (OMI +1.49%) reported Q3 adjusted EPS of 47 cents, below consensus of 49 cents.
Weatherford (WFT +0.55%) reported Q3 EPS of 23 cents, better than consensus of 22 cents.
Tutor Perini (TPC +0.57%) reported Q3 EPS of 49 cents, weaker than consensus of 55 cents.
Pioneer Natural (PXD +3.96%) reported Q3 EPS ex-items of $1.26, below of consensus $1.35.
Marathon Oil (MRO +0.65%) rose nearly 2% in pre-market trading after it reported Q3 adjusted EPS of 87 cents, stronger than consensus of 77 cents.
Anadarko (APC +1.63%) fell 3% in after-hours trading after it reported Q3 EPS ex-items of $1.13, below consensus of $1.16.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ13 -0.31%) this morning are down -4.75 points (-0.27%). The S&P 500 index on Monday closed higher after weaker-than-expected July-Aug-Sep U.S. factory orders reports boosted speculation the Fed will maintain QE3. Stocks are also seeing support from strong Q3 earnings results as 76% of the 373 S&P 500 companies that reported earnings results have beaten estimates. Closes: S&P 500 +0.36%, Dow Jones +0.15%, Nasdaq 100 +0.15%.
Dec 10-year T-notes (ZNZ13 -0.11%) this morning are down -5 ticks. Dec 10-year T-note prices on Monday recovered from a 2-week low and closed higher. Bullish factors included (1) dovish comments from Fed Governor Powell and St. Louis Fed President Bullard who both said the Fed could maintain QE3, and (2) the weaker-than-expected July-Sep factory orders reports. Closes: TYZ3 +6.50, FVZ3 +3.50.
The dollar index (DXY00 +0.03%) this morning is up +0.013 (+0.02%). EUR/USD (^EURUSD) is down -0.0023 (-0.17%). USD/JPY (^USDJPY) is down -0.28 (-0.28%). The dollar index on Monday fell back from a 1-1/2 month high and closed lower after dovish comments from Fed Governor Powell and St. Louis Fed President Bullard suggested the Fed could maintain QE3. EUR/USD rebounded from a 1-1/2 month low and closed higher after Eurozone Nov Sentix investor confidence climbed to a 2-1/2 year high and after German Oct PMI manufacturing was revised higher. Closes: Dollar index -0.163 (-0.20%), EUR/USD +0.0026 (+0.20%), USD/JPY +0.039 (+0.04%).
Dec WTI crude oil (CLZ13 -0.25%) this morning is down -32 cents (-0.34%) and Dec gasoline (RBZ13 +0.28%) is up +0.0009 (+0.04%). Dec crude oil and gasoline prices on Monday closed mixed. Dec gasoline posted a 1-3/4 year nearest-futures low and Dec crude posted a 4-month low, but crude recovered to close little changed as the dollar fell. Bearish factors included (1) the weaker-than-expected Sep and Aug factory orders and (2) expectations for crude supplies to increase for a seventh consecutive week when weekly EIA crude inventories are reported on Wednesday. Closes: CLZ3 +0.01 (+0.01%), RBZ3 -0.0172 (-0.68%).

GLOBAL EVENT CALENDAR11/05/2013

US	1000 ET	Oct ISM non-manufacturing index expected -0.4 to 54.0, Sep -4.2 to 54.4.
	1315 ET	Richmond Fed President Jeffrey Lacker speaks to area business people on the labor market topic Starting Early in Workforce Development.
	1630 ET	API weekly U.S. oil statistics.
	1700 ET	San Francisco Fed President John Williams speaks to reporters at the Asia Economic Policy Conference.
UK	0430 ET	UK Oct PMI services expected -0.3 to 60.0, Sep 60.3.
	1901 ET	UK Oct BRC shop price index expected +0.1% y/y, Sep -0.2% y/y.
EUR	0500 ET	Eurozone Sep PPI expected +0.2% m/m and -0.8% y/y, Aug unch m/m and -0.8% y/y.
	0500 ET	European Commission releases economic growth forecasts.

U.S. STOCK CALENDAR11/05/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
DIRECTV	DTV US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	1.008
Becton Dickinson and Co	BDX US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.463
Health Care REIT Inc	HCN US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.961
Rowan Cos Plc	RDC US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.402
Zoetis Inc	ZTS US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.339
Regeneron Pharmaceuticals Inc	REGN US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	1.9
Denbury Resources Inc	DNR US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.428
Dominion Resources Inc/VA	D US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.902
Emerson Electric Co	EMR US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	1.112
IntercontinentalExchange Inc	ICE US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	1.832
Mosaic Co/The	MOS US	Bef-mkt	Q1 2014 Earnings Release	Q1 2014	0.735
International Flavors & Fragrances Inc	IFF US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	1.184
FirstEnergy Corp	FE US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.918
Delphi Automotive PLC	DLPH US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	0.946
CVS Caremark Corp	CVS US	Bef-mkt	Q3 2013 Earnings Release	Q3 2013	1.02
Cognizant Technology Solutions Corp	CTSH US	6:00	Q3 2013 Earnings Release	Q3 2013	1.101
Host Hotels & Resorts Inc	HST US	6:00	Q3 2013 Earnings Release	Q3 2013	0.264
Fastenal Co	FAST US	7:00	October 2013 Sales and Revenue Release	2013
Dun & Bradstreet Corp/The	DNB US	8:00	Q3 2013 Earnings Call	Q3 2013
Becton Dickinson and Co	BDX US	8:00	Q4 2013 Earnings Call	Q4 2013
Cognizant Technology Solutions Corp	CTSH US	8:00	Q3 2013 Earnings Call	Q3 2013
ONEOK Inc	OKE US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.299
DaVita HealthCare Partners Inc	DVA US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.961
Frontier Communications Corp	FTR US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.058
QEP Resources Inc	QEP US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	0.39
Fossil Group Inc	FOSL US	Aft-mkt	Q3 2013 Earnings Release	Q3 2013	1.362
Walgreen Co	WAG US		October 2013 Sales and Revenue Release	2013

Diamond Foods - Chart of the Day

Diamond Foods (DMND) is the Chart of the Day.  Back on 6/7 the snack nut distributor had a break out and has been trading above its 100 day moving average ever since.  It is up 59.69% since that break out.

The Chart of the Day is Diamond Foods (DMND).  The stock was right at the top of the New High List when I sorted it for frequency. The stock has a Weighted Alpha of 53.80 and is up 71.21% in the last year.

It is a branded food company specializing in processing, marketing, and distributing culinary, snack, in-shell and ingredient nuts under the Diamond of California and Emerald of California brands. Diamond's products include walnuts, pine nuts, pecans, peanuts, macadamia nuts, hazelnuts, cashews, Brazil nuts and almonds.

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
• 17 new highs and up 18.60% in the last month
• Relative strength Index 69.76
• Barchart computes a technical support level at 24.10
• Recently traded at 24.72 with a 50 day moving average of 22.37

Fundamental factors:

• Market Cap $564.80
• P/E 58.12
• Revenue projected to grow 5.40% next year
• Earnings estimated to increase by 2.50% this year, an additional 102.40% next year and continue to increase annually by 7.90% for the next 5 years
• Wall Street analysts issued 1 strong buy and 6 hold recommendations
• Financial Strength is C++

Watch the 50 day moving average closely for signs of weakness