Autodesk - Barchart's Chart of the Day

Autodesk (ADSK) is Barchart's Chart of the Day.  The software designer has a Trend Spotter buy signal, a Weighted Alpha 45.52+ and gained 41.06% in the last year.

The Chart of the Day is Autodesk (ADSK).  I found the stock by sorting the New High List for frequency in the last month, then skipped over the stocks that did not have positive gains in the last week and month.  I always use the Flipchart feature to review for the best charts.  Since the Trend Spotter signaled another buy on 11/1 the stock gained 18.24%.

The company designs software and digital content for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment sectors. Autodesk provides design software, Internet portal services, wireless development platforms, and point-of-location applications that empower customers in numerous countries to drive business and remain competitive.

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
• Hit 16 new highs and gained 9.02% in the last month
• Relative Strength Index 71.02%
• Barchart computes a technical support level at 49.04
• Recently traded at 49.54 with a 50 day moving average of 44.21

Fundamental factors:

• Market Cap $11.05 billion
• P/E 36.54
• Analysts predict revenue will be down 2.30% this year and flat next year
• Earnings are estimated to be down by 16.50% this year, down another 5.60% next year but increase at an annual rate of 8.25% for the next 5 years
• Wall Street brokerage analysts issued 4 strong buy, 3  buy and  12 hold recommendations for their clients.
• Financial Strength is A

The company has been around for a long time.  They are properly positioned and should do well inventing new apps in the coming years.  I think you can be safe using the 100 day averages to gauge weakness on this one.

Rollins - Barchart's Chart of the Day

Rollins (ROL) is the Chart of the Day.  The maintenance and service stock has a Trend Spotter buy signal, a Weighted Alpha of 40.12+, and gained 36.46% in the last year.

The Chart of the Day is Rollins (ROL).  I found the stock by sorting the New High List for frequency in the last month and then eliminated the stock that did not have positive gains for the last week and month.  Since the Trend Spotter signaled a buy on 11/15 the stock is up 8.31%.

Rollins Inc. provides services to both residential and commercial customers. The four primary services provided are termite and pest control, protective services, lawn care and plantscaping. Orkin Exterminating Company, Inc., a wholly owned subsidiary (Orkin), is one of the world's largest termite and pest control companies. Rollins Protective Services, a division of the Registrant, is a pioneer in developing customized wired and wireless electronic security systems.

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 6.62% in the  last month
• Relative Strength Index 73.96%
• Barchart computes a technical support level at 29.61
• Recently traded at 30.12 with a 50 day moving average of 28.28

Fundamental factors:

• Market Cap $4.40 billion
• P/E 36.56
• Dividend yield 1.20%
• Revenue projected to grow 5.10% this year and another 5.30% next year
• Earnings estimated to increase 9.20% this year, an additional 12.00% next year and continue to increase by 10.00% annually for the next 5 years.

Use the 50 day moving average for an exit point.

• 
  

AK Steel - Barchart's Chart of the Day

AK Steel (AKS) is the Barchart Chart of the Day.  The rolled steel producer seems to be making a recovery and has a Trend Spotter buy signal, a Weighted Alpha of 133.30+ and gained 73.98% over the last year.


The Chart of the Day is AK Steel (AKS).  I found the stock by sorting the New High List for frequency in the last month and eliminating the stock that did not have a positive gain for the last week and month.  Since the Trend Spotter signaled a buy on 10/14 the stock is up 180.00%.

The Company produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. They produce flat-rolled carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. It also produces carbon and stainless steel that is finished into welded steel tubing used in the automotive, large truck, industrial, and construction markets, as well as buys and sells steel and steel products, and other materials. The company sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold rolled, and hot rolled carbon steel products to distributors, service centers, and converters. AK Steel Holding sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. The company also sells electrical steel products for use in the manufacture of electrical motors and generators.

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 48.17% in the last month
• Relative Strength Index 83.27%
• Barchart computes a technical support level at 7.05
• Recently traded at 7.68 with a 50 day moving average of 5.31

Fundamental factors:

• Market Cap $1.05 billion
• Analysts think revenue will be down 6.50% thus year but up 5.60% next year
• Earnings are expected to be down 3.50% this year but increase 123.70% next year and continue to increase at an annual rate of 10.00% for the next 5 years
• Wall Street analysts issued 2 buy, 10 hold, 3 under perform and 3 sell recommendations
• Financial Strength is C+

Monitor the 50 day moving average for exit points.

Legg Mason - Barchart's Chart of the Day

Legg Mason (LM) is Barchart's Chart of the Day,  The asset management and securities brokerage company has a Trend Spotter buy signal, a Weighted Alpha of 74.63% and gained 67.61% in the last year.

The Chart of the Day is Legg Mason (LM).  I found the stock by sorting the New High List for frequency in the last month and skipped over the stock without positive gains for the last week and month.  Since the Trend Spotter signaled another buy signal on 12/9 the stock is up 9.15%.

It is a holding company which, through its subsidiaries, is principally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities.

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 highs and up 12.08% in the last month
• Relative Strength Index 78.60%
• Barchart computes a technical support level at 43.14
• Recently traded at 43.88 with a 50 day moving average of 39.21

Fundamental factors:

• Market Cap $5.41 billion
• P/E 15.77
• Dividend yield 1.20%
• Analyst project revenue will grow 4.20% this year and another 3.10% next year
• Earnings are estimated to increase 187.20% this year, an additional 16.50% next year and continue to increase at an annual rate of 16.30% for the next 5 years
• Wall Street analysts issued 1 strong buy, 2 buy, 10 hold and 4 under perform recommendations on the stock
• Financial Strength is B+

As more investors finally get back into the market this stock should do well.  I feel confident using the 100 day moving average as a exit point.

Today's 5 Top Large Caps

Today I used Barchart.com to sort the S&P 500 Large Cap Index for new high frequency in the last month.  I then skipped over those stocks that did not have positive gains for the past week and month and used the Flipchart feature to review the charts.

Today's list includes Legg Mason (LM), Roper Industries (ROP), E*Trade Financial Corp (ETFC), Autodesk (ADSK) and Monster Beverage (MNST):

(Charts provided with permission from Barchart.com)

Legg Mason (LM)

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 12.06% in the last month
• Relative strength Index 78.78%
• Barchart computes a technical support level at 43.14
• Recently traded at 43.89 with a 50 day moving average of 39.22

Roper Industries (ROP)

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 5.70% in the last month
• Relative Strength Index 73.53%
• Barchart computes a technical support level at 133.25
• Recently traded at 136.22 with a 50 day moving average of 129.70

E*Trade Financial Corp (ETFC)

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 9.63% in the last month
• Relative Strength Index 76.64%
• Barchart computes  technical support level at 19.07
• Recently traded at 19.44 with a 50 day moving average of 17.79

Autodesk (ADSK)

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 71.67% in the last month
• Relative Strength Index 71.67%
• Barchart computes a technical support level at 47.37
• Recently traded at 49.23 with a 50 day moving average of 43.68

Monster Beverage (MNST)

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 17.32% in the last month
• Relative strength Index 78.13%
• Barchart computes a technical support level at 65.39
• Recently traded at 67.12 with a 50 day moving average of 59.20

BARCHART MORNING CALL 12/23

BARCHART MORNING CALL

Monday, December 23rd, 2013View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.39%) this morning are up +0.37% at a new record high and European stocks are up +0.05% after IMF Managing Director Lagarde, who spoke on NBC's "Meet the Press" Sunday, said the IMF sees a "stronger" U.S. economic outlook in 2014 as a budget deal in Washington and the Fed's plan to taper its bond buying will allow for a higher growth estimate. Asian stocks closed higher: Japan is closed for holiday, Hong Kong +0.48%, China +0.28%, Taiwan +0.57%, Australia +0.51%, Singapore +0.70%, South Korea +0.75%, India +0.10%. Another positive for U.S. Stocks that also helped China's Shanghai Stock Index rebound from a 3-3/4 month low and close higher was the deal that Apple struck with China Mobile to sell the iPhone in China. After 6-years of negotiations, China Mobile said it will sell the iPhone in its retail stores starting Jan 17. China's Shanghai Stock Index had posted a 3-3/4 month low on concerns of a liquidity squeeze after China's 7-day repurchase rate, a gauge of funding availability in the banking system, jumped +124 bp to 8.84% the highest in 6-months. Commodity prices are mixed. Feb crude oil (CLG14 -0.35%) is down -0.40%. Feb gasoline (RBG14 -0.33%) is down -0.31%. Feb gold (GCG14 -0.49%) is down -0.73%. March copper (HGH14 -0.12%) is up +0.03%. Agriculture prices are mixed. The dollar index (DXY00 -0.25%) is down -0.17%. EUR/USD (^EURUSD) is up +0.08%. USD/JPY (^USDJPY) is down -0.23%. March T-note prices (ZNH14 -0.08%) are down -4.5 ticks.
ECB Executive Board member Praet said in an interview in the Italian newspaper La Stampa that the ECB is monitoring an expected increase in investment in the Eurozone and "is ready to act" if credit contracts and threatens the recovery.
The German Nov import price index rose +0.1% and fell -2.9% y/y, stronger than expectations of -0.1% m/m and -3.1% y/y.
Eurozone Dec consumer confidence strengthened +1.8 points -13.6, better than expectations of a +0.4 point increase to -15.0 and the highest in 2-1/3 years.
The Chinese yuan closed at 6.0702 per dollar, according to China Foreign Exchange System prices, the strongest since the government unified the market and official exchange rates at the end of 1993 after the PBOC boosted the daily fixing rate for the yuan by +0.06% to 6.1161 per dollar.

U.S. STOCK PREVIEW

The U.S. economic schedule is heavy today and tomorrow before Wednesday’s Christmas holiday.  Today’s Nov personal income report is expected to show a strong increase of +0.5%, improving after the -0.1% decline seen in Oct.  Nov personal spending is expected to show a strong increase of +0.5%, adding to the +0.3% increase seen in October.  Today’s Nov PCE deflator is to strengthen slightly to +0.9% y/y from +0.7% y/y in October.  Meanwhile, the Fed’s preferred inflation measure, Nov core PCE deflator is expected to strengthen slightly to +1.2% y/y from +1.1% y/y in October.  Today’s final-Dec U.S. consumer confidence index from the University of Michigan is expected to be revised higher by +0.5 points from early-Dec to 83.0l, which would produce a sharp overall gain of +7.9 from November.   There are no major earnings reports today.  There are no equity conferences this week.

OVERNIGHT U.S. STOCK MOVERS

Apple (AAPL +0.84%) rose nearly 4% in pre-market trading after it announced after 6-years of negotiations with China Mobile that it will be allowed to sell its iPhone in China starting next month. The deal may bring 12 million new iPhone sales for Apple in 2014, according to an analyst from Morgan Stanley.
Tiffany (TIF +0.21%) fell 3.5% in pre-market trading after Swatch Group AG won an arbitration award of 402 million francs ($449 million) from Tiffany.
KB Home (KBH +2.67%) was upgraded to 'Neutral' from 'Sell' at Citigroup.
Xilinx (XLNX +0.90%) was upgraded to 'Buy' from 'Hold' at Drexel Hamilton.
The WSJ reported that Target (TGT +0.55%) said on Friday that it has received "very few" reports of credit card fraud following a massive data breach that compromised 40 million and debit card accounts.
Micron (MU +2.54%) was downgraded to 'Underperform' from 'Neutral' at BofA/Merrill.
Five Below (FIVE +1.09%) was upgraded to 'Outperform' from 'Neutral' at Credit Suisse.
CIT Group (CIT +0.61%) disclosed in a regulatory filing that it reached an agreement with Tyco International (TYC +1.77%) in which CIT will pay $60 million to settle claims asserted by Tyco related to a Tax Agreement that CIT and Tyco entered into in 2002 in connection with CIT’s separation from Tyco.
United Technologies (UTX +1.06%) was awarded a $231.47 million government contract modification for sustainment of F119-PW-100 Engines.
Lockheed Martin (LMT +0.85%) was awarded a $561.96 million government contract modification for nine months of sustainment activities for the F-22 air vehicle.
Levin Capital Strategies reported a 5.5% passive stake in Pinnacle Foods (PF +0.49%) .
Abrams reported a 5.99% passive stake in Global Eagle (ENT +3.24%) .
Blue Ridge Capital reported a 7.82% passive stake in PBF Energy (PBF +1.52%) .
Ronin Capital reported a 7.9% passive stake in Kingstone Companies (KINS +2.40%) .

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.39%) this morning are up +6.75 points (+0.37%) at a new all-time high. The S&P 500 on Friday rallied to a new record high after U.S. Q3 GDP was revised higher to +4.1% from +3.6% and Q3 personal consumption was revised higher to +2.0% from +1.4%. U.S. stocks also found carry-over support from a rally in European bourses after German Jan GfK consumer confidence unexpectedly rose +0.2 to a 6-1/3 year high of 7.6. Closes: S&P 500 +0.48%, Dow Jones +0.26%, Nasdaq 100 +0.93%.
Mar 10-year T-notes (ZNH14 -0.08%) this morning are down -4.5 ticks. Mar 10-year T-note prices on Friday fell to a 3-1/4 month low after U.S. Q3 GDP was revised higher-than-expected. However, T-notes recovered as the Treasury curve flattened when losing steepener trades were unwound as the Fed’s action to taper QE3 Wednesday instead of waiting until next year forced traders to unwind the trades and sell the shorter-end of the Treasury curve (i.e., 2-year and 5-year T-notes) and buy the longer-end of the curve, (i.e., 10-year T-notes and 30-year T-bonds). Closes: TYH4 +2.50, FVH4 -4.25.
The dollar index (DXY00 -0.25%) this morning is down -0.137 (-0.17%). EUR/USD (^EURUSD) is up +0.0011 (+0.08%) and USD/JPY (^USDJPY) is down -0.24 (-0.23%). The dollar index on Friday fell back from a 2-week high after a rally in the S&P 500 to a record high reduced safe-haven demand for the dollar. EUR/USD closed higher after it recovered from a 2-week low after S&P downgraded the credit rating of the European Union and USD/JPY posted a fresh 5-year high after the BOJ said they will maintain stimulus until annual inflation is stable at 2%. Closes: Dollar index -0.055 (-0.07%), EUR/USD +0.00109 (+0.08%), USD/JPY -0.166 (-0.16%).
Feb WTI crude oil (CLG14 -0.35%) this morning is down -40 cents (-0.40%) and Feb gasoline (RBG14 -0.33%) is down -0.0087 (-0.31%). Feb crude oil and gasoline prices on Friday closed higher with Feb gasoline at a 3-month high. Bullish factors included (1) the larger-than-expected upward revision in U.S. Q3 GDP to a 1-3/4 year high of +4.1%, which was supportive for energy consumption and demand, and (2) the rally in the S&P 500 to a record high, which signals confidence in the economic outlook. Closes: CLG4 +0.28 (+0.28%), RBG4 +0.0379 (+1.38%).

GLOBAL EVENT CALENDAR12/23/2013

US	0830 ET	Nov Chicago Fed national activity index, Oct -0.18.
	0830 ET	Nov personal spending expected +0.5%, Oct +0.3%. Nov personal income expected +0.5%, Oct -0.1%. Nov PCE deflator expected +0.1% m/m and +0.9% y/y, Oct unch m/m and +0.7% y/y. Nov PCE core deflator expected +0.1% m/m and +1.2% y/y, Oct +0.1% m/m and +1.1% y/y.
	0955 ET	Final U.S. Dec University of Michigan consumer confidence expected +0.5 to 83.0, previous +7.4 to 82.5.
	1100 ET	USDA weekly grain export inspections.
	1500 ET	Nov USDA Cold Storage.
GER	0200 ET	German Nov import price index expected -0.1% m/m and -3.1% y/y, Oct -0.7% m/m and -3.0% y/y.
JPN	n/a	Japanese markets closed for Emperors Birthday.

U.S. STOCK CALENDAR12/23/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
United Therapeutics Corp	UTHR US	9:00	Business Update Call
CalAmp Corp	CAMP US	16:30	Q3 2014 Earnings Call	Q3 2014
Puma Biotechnology Inc	PBYI US	16:30	PB272 (Neratinib) Update Call
CalAmp Corp	CAMP US	Aft-mkt	Q3 2014 Earnings Release	Q3 2014	0.213
Hain Celestial Group Inc/The	HAIN US	Aft-mkt	Green Plains Renewable Energy Replaces Hain Celestial Group in S&P SmallCap 600
Hain Celestial Group Inc/The	HAIN US	Aft-mkt	Hain Celestial Group Replaces NV Energy Inc. in S&P MidCap 400
Green Plains Renewable Energy Inc	GPRE US	Aft-mkt	Green Plains Renewable Energy Replaces Hain Celestial Group in S&P SmallCap 600