The Chart of the Day is ARC Logistics Partners LP (ARCX). I found the stock by looking at the the Top Performers under the Signal tab and then used the Flipchart feature to review the chart to find the one I liked. Since the Trend Spotter signaled a buy on 3/13 the stock gained 23.81%.
Arc Logistics Partners LP (ATCX) is principally engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products. It owns, operates, develops and acquires a portfolio of complementary energy logistics assets.
The status of 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 signal
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 5 new highs and up 20.59% in the last month
- Relative Strength Index 77.84%
- Barchart computes a technical support level at 25.11
- Recently traded at 26.00 with a 50 day moving average of 22.07
Fundamental factors:
- Market Cap $178.62 million
- Dividend yield 6.34%
- Revenue expected to grow 15.00% this year and another 10.50% next year
- Earnings estimated to increase 387.00% this year, an additional 26.80% next year, and an continue to increase at an annual rate of 5.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 1 buy and 3 hold recommendations on the stock
Anything dealing with petroleum in on a roll right now. Be careful not to over weight your portfolio in the energy sector unless you are really watching your stocks very closely and are nimble enough to get out quickly. Use the 50 day moving average as a caution signal and exit at the 100 day moving average.
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