Friday, January 2, 2015

Dave and Buster's Entertainment

Dave and Buster's Entertainment (PLAY) is the Barchart Chart of the Day.  The dining and entertainment company had it's IPO in October and is up 51.50% since its low on 10/14.

The Chart of the Day belongs to Dave and Buster's Entertainment (PLAY).  I found the stock by sorting today's All Time High List for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts.

Dave & Buster's Entertainment Inc. is an owner and operator of venues in North America that combine dining and entertainment. The Company offers its customers the opportunity to Eat Drink Play and Watch in one location. Eat and Drink is offered through a full menu of Fun American New Gourmet entrees and appetizers and a selection of non-alcoholic and alcoholic beverages. The Company's Play and Watch offerings provide an assortment of entertainment attractions centered on playing games and watching live sports and other televised events.


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. vote



Barchart technical indicators:

  • Barchart doesn't start giving buy/sell signals until they have accumulated 6 months trading data on a stock
  • Trading above its 20 and 50 day moving averages
  • 14 new highs and up 13.19% in the last month
  • Relative Strength Index 62.80%
  • Recently traded at 26.18 which is above its 50 day moving average of 22.56
Fundamental factors:
  • Market Cap $507.11 million
  • Revenue expected to grow 9.80% next year
  • Earnings estimated to increase 21.00% next year
  • Wall Street analysts issued 4 strong buy and 1 buy recommendation on the stock
  • On Motley Fool the individual investors were mixed with an 8 to 9 vote for the stock to beat the market
My feelings are mixed also.  Although this is a new IPO the company has been in business for years.  In fact my wife and I were at their location in Marietta, Georgia watching the OJ Simpson slow speed Bronco chase at the TV in their bar.  Until more data is available use a moving stop loss 10% below its recent high as an exit.

5 Great Mid Caps

I wanted to find the Mid Cap stocks with great technical buy signals and consistent chart patterns so I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the 5 with the best technical buy signals , then used the Flipchart feature to review the chart patterns.

Today's list includes WGL Holdings (WGL), Wendy's (WEN), Vectren (VVC), Resmed (RMD), RF Micro Devices (RFMD):

WGL Holdings (WGL)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 9.79% in the last month
  • Relative Strength Index 65.27%
  • Barchart computes a technical support level at 53.73
Wendy's (WEN)

Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 3.64% in the last month
  • Relative Strength Index 62.88%
  • Barchart computes a technical support level at 8.88
  • Recently traded at 9.06 with a 50 day moving average of 8.57
Vectren (VVC)


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 3.75% in the last month
  • Relative Strength Index 58.39%
  • Barchart computes a technical support level at 45.20
  • Recently traded at 46.25 with a 50 day moving average of 53.36
Resmed (RMD)


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 6.62% in the last month
  • Relative Strength Index 67.33%
  • Barchart computes a technical support level at 55.31
  • Recently traded at 56.85 with a 50 day moving average of 53.36

Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 13.55% in the last month
  • Relative Strength Index 65.56%
  • Barchart computes a technical support level at 16.06
  • Recently traded at 16.59 Wit a 50 day moving average of 14.20







BARCHART MORNING CALL 1/2

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 +0.38%) this morning are up +0.30% on dovish comments by ECB President and on slightly stronger-than-expected Chinese PMI figures. The Euro Stoxx 50 index this morning is down -0.29%. Asian stocks today closed higher: Hong Kong +1.07%, Australia +0.46%, Singapore +0.16%, South Korea +0.30%, India +1.38%, Turkey -0.49%. The Japanese, Chinese and Taiwan stock markets remained closed today. The dollar index (DXY00 +0.58%) this morning is up +0.51% at a new high, while EUR/USD (^EURUSD) fell to a new 4-1/2 year low this morning on dovish Draghi comments and is down -0.47%. USD/JPY (^USDJPY) is up +0.67%. Mar 10-year T-note prices (ZNH15 -0.20%) are down -8.5 ticks. Commodity prices are up by an average +0.19% this morning. Feb crude oil (CLG15 -1.86%) is up +0.28% and Feb gasoline (RBG15 -2.05%) is up +0.29%. Feb gold (GCG15 -0.55%) is down -0.17% on the stronger dollar. Mar copper (HGH15 -0.14%) is down -0.09%. Agriculture futures markets have yet to start trading this morning.
ECB President Draghi said in an interview published today that, "The risk that we don't fulfill our mandate of price stability is higher than it was six months ago." He added, "We are in technical preparations to alter the size, speed and composition of our measures at the beginning of 2015, should this become necessary, to react to a too-long period of low inflation. There's unanimity in the ECB council on that." Mr. Draghi's comments support market expectations that the ECB will announce the purchase of sovereign bonds at its next meeting on Jan 22. His comments were bearish for EURUSD this morning and supportive for Eurozone bond prices.
Russian oil production in December rose +0.3% to 10.667 million bpd, according to a division of the Russian Energy Ministry, which was a post-Soviet record high. That indicates that sanctions have not yet slowed down Russian oil production and that Russia is clearly not joining any effort by OPEC to rein in world oil production.
The Markit UK manufacturing PMI fell by -0.8 points to 52.5 from a revised 53.3 in November, which was substantially weaker than market expectations for an increase to 53.6. Moreover, orders and output growth sub-indexes both fell to their second lowest levels in 1-1/2 years. The report provided further evidence of the ongoing slowdown in the UK manufacturing sector.
China's Dec manufacturing PMI on Thursday was reported at -0.2 to 50.1 from 50.3 in November, which was a bit stronger than market expectations of -0.3 to 50.0. This followed Wednesday's news that the final-Dec China manufacturing PMI from HSBC was revised slightly higher by +0.1 to 49.6 from the preliminary figure of 49.5, which was stronger than market expectations for no revision at 49.5. Separately, China's Dec non-manufacturing PMI on Thursday rose +0.2 to 54.1 from 53.9 in Nov.
Germany's Markit final-Dec manufacturing PMI was left unrevised from the prelim-Dec report of 51.2, which was in line with market expectations.
U.S. STOCK PREVIEW
Today’s Dec ISM manufacturing index is expected to show a -1.2 point decline to 57.5, adding to November’s decline of -0.3 to 58.7.  None of the Russell 3000 companies report earnings today.  There are no equity conferences this week.
Mar E-mini S&Ps (ESH15 +0.38%) this morning are up +6.25 points (+0.30%) on dovish comments by ECB President Draghi, shaking off the weaker-than-expected UK manufacturing PMI report and Thursday's -0.2 point decline to 50.1 in China's manufacturing PMI report. The S&P 500 index on Wednesday slid to a 1-1/2 week low and closed lower: S&P 500 -1.03%, Dow Jones -0.89%, Nasdaq -1.08%. Bearish factors included (1) the +17,000 increase in U.S. weekly jobless claims to a 5-week high of 298,000, more than expectations of +10,000 to 290,000, (2) the -2.5 point decline in the Dec Chicago PMI to 58.3, weaker than expectations of -0.8 to 60.0 and the slowest pace of expansion in 5 months, and (3) a slide in energy producers after crude oil plunged to a 5-1/2 year low.
OVERNIGHT U.S. STOCK MOVERS
  • Macau reported that December casino revenue fell -30.4%, affecting companies in the Macau gaming industry such as Las Vegas Sands (LVS -0.56%), MGM Resorts (MGM -0.33%), Melco Crown (MPEL -0.51%) and Wynn Resorts (WYNN -1.61%).
  • Signet Jewelers (SIG +0.14%) Kate Spade (KATE +0.13%), and Sally Beauty (ABH) were named as top picks at Sterne Agee.
  • LINN Energy (LINE +0.40%) provided its outlook for 2015 and announced a strategic partnership with GSO Capital Partners.
  • Main Street Capital reported a 21.4% stake in Glowpoint (GLOW unch) .
  • MiMedx (MDXG +3.97%) slid over 10% in after-hours trading after it announced that it has received a subpoena from the Office of Inspector General of the Department of Health and Human Services in connection with a civil investigation.
  • Deerhill Management reported a 5.25% passive stake in State Investors Bancorp (SIBC +34.90%) .
  • Cormorant Global Healthcare reported a 5.13% passive stake in Ardelyx (ARDX -0.74%).
MARKET COMMENTS
Mar 10-year T-notes (ZNH15 -0.20%) this morning are down -8.5 ticks on reduced safe-haven demand with this morning's higher trade in E-mini S&Ps. Mar 10-year T-note futures prices on Wednesday posted a 1-week high and closed higher: TYH5 +7.00, FVH5 +5.00. Bullish factors included (1) increased safe-haven demand on Greek sovereign debt concerns after the 10-year Greek bond yield rose to a 1-1/2 year high of 9.75%, (2) the larger-than-expected increase in U.S. weekly initial unemployment claims, and (3) stock weakness that boosted safe-haven demand for T-notes.
The dollar index (DXY00 +0.58%) this morning is up +0.460 points (+0.51%) and EUR/USD (^EURUSD) is down -0.0057 (-0.47%) on today's euro-bearish comments by ECB President Draghi supporting expectations the ECB will announce a QE program when it next meets on Jan 22. USD/JPY (^USDJPY) is up +0.80 (+0.67%). The dollar index on Wednesday closed higher. Closes: Dollar index +0.278 (+0.31%), EUR/USD -0.00582 (-0.48%), USD/JPY +0.206 (+0.17%). Bullish factors included (1) weakness in EUR/USD which fell to a 2-1/3 year low after comments from ECB Chief Economist Praet signaled the ECB may be closer to implementing QE when he said the Eurozone could see “negative inflation during a substantial part of 2015” amid a slide in crude prices, and (2) overall bullish momentum for the dollar on speculation the Fed is close to raising interest rates while the ECB and BOJ may ease further.
Feb WTI crude oil this morning is up +0.15 (+0.28%) and Feb gasoline is up +0.0043 (+0.29%) on some short-covering. The markets were able to shake off bearish news that Russia's Dec oil production reached a new record high and that the storage oil tank fire at Libya's Es Sider Port has been extinguished. Feb crude and Feb gasoline prices on Wednesday slumped to 5-1/2 year lows and closed mixed. Closes: CLG5 -0.85 (-1.57%), RBG5 +0.0010 (+0.07%). Bearish factors included (1) the +1.995 million bbl surge in crude oil supplies at Cushing, OK, the delivery point of WTI futures, to a 9-3/4 month high of 30.8 million bbl, and (2) the +2.95 million bbl increase in EIA gasoline stockpiles to a 10-month high of 229 million bbl. Gasoline recovered from its low and closed slightly higher after Phillips 66 reported a process upset at its 146,000 bpd refinery in Borger, TX.
GLOBAL EVENT CALENDAR01/02/2015
US0830 ETUSDA weekly Export Sales.
0945 ETRevised Dec Markit manufacturing PMI expected +0.3 to 54.0, prelim-Dec -1.1 to 53.7.
1000 ETDec ISM manufacturing index expected -1.2 to 57.5, Nov -0.3 to 58.7. Dec ISM new orders sub-index, Nov +0.2 to 66.0. Dec ISM employment sub-index, Nov -0.6 to 54.9. Dec ISM prices paid sub-index expected -0.5 to 44.0, Nov -9.0 to 44.5.
1000 ETNov construction spending expected +0.4% m/m, Oct +1.1% m/m.
GER0355 ETRevised German Dec Markit/BME manufacturing PMI, previous 51.2.
EUR0400 ETRevised Eurozone Dec Markit manufacturing PMI, previous 50.8.
UK0430 ETUK Nov net consumer credit expected +1.1 billion pounds, Oct +1.1 billion pounds.
0430 ETUK Nov mortgage approvals expected 58,700, Oct 59,400.
0430 ETUK Nov M4 money supply, Oct -0.1% m/m and -2.6% y/y.
0430 ETUK Nov Markit manufacturing PMI expected +0.1 to 53.6, Oct 53.5.
CHI2000 ETChina Dec non-manufacturing PMI, Nov +0.1 to 53.9.
U.S. STOCK CALENDAR01/02/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Rite Aid CorpRAD USDecember 2014 Sales and Revenue Release2014

Wednesday, December 31, 2014

Lydall - Barchart's Chart of the Day

Lydall (LDL) is the Barchart Chart of the Day.  The specialty auto parts manufacturer has a Trend Spotter buy signal, a Weighted Alpha of 88.90+ and gained 97.98% in the last year.

The Chart of the Day belongs to Lydall (LDL).  I found the stock by sorting the All Time New High List for stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/9 the stock gained 13.83%.

Lydall, Inc. and its subsidiaries are manufacturers of engineered products for demanding specialty applications. They develop and manufacture engineered specialty papers in both roll and sheet form; fabricated automotive heat shields and acoustical barriers; and certain medical filtration and bioprocessing components. Their specialty papers are supplied to other manufacturers for conversion or incorporation into finished products. Their fabricated products are sold to original equipment manufacturers and tier-one suppliers.


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% Barchat technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 25.40% in the last month
  • Relative Strength Index 74.96%
  • Barchart computes a technical support level at 32.88
  • Recently traded at 33.32 with a 50 day moving average of 29.49
Fundamental factors:
  • Market Cap $568.44 million
  • P/E 19.46
  • Revenue expected to increase by 8.80% next year
  • Earnings estimated to increase by 41.30% this year, an additional 30.60% next year and continue to compound at an annual rate of 15.00% for te next 6 years
  • Wall Street analysts issued 1 strong buy and 1 hold recommendation on the stock
The 50-100 Day MACD Oscillator has been the most reliable technical trading strategy on this stock and should be used to pick an exit point.

BARCHART MORNING CALL 12/31

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 +0.13%) this morning are up +0.12% and European stocks are up +0.25% in thin holiday trade. Many European equity markets close early today and U.S. and all European markets will be closed tomorrow for New Year's day. Greek sovereign-debt risks remain elevated as the Greek 10-year bond yield climbed to a 1-1/4 year high of 9.745% on concern that elections on Jan 25 may give power to the anti-austerity Syriza party that seeks to renegotiate Greek’s debt. Asian stocks closed mixed: Japan and South Korea closed for holiday, Hong Kong +0.44%, China +2.20%, Taiwan +0.42%, Australia -0.10%, Singapore -0.03%, India +0.35%. China's Shanghai Stock Index rallied up to a 4-3/4 year high on speculation the government will boost stimulus measures along with increased M&A activity after China CNR Corp. and CSR Corp., China's biggest train makers, agreed to merge. Commodity prices are mostly lower. Feb crude oil (CLG15 -2.18%) is down -1.77%. Feb gasoline (RBG15 -3.17%) is down -2.35% at a 5-1/2 year low. Feb gold (GCG15 -0.18%) is down -0.27%. Mar copper (HGH15 -0.53%) is down -0.54%. Agriculture prices are weaker. The dollar index (DXY00 -0.06%) is down -0.11%. EUR/USD (^EURUSD) is down -0.03%. USD/JPY (^USDJPY) is down -0.12%. Mar T-note prices (ZNH15 +0.16%) are up +7.5 ticks at a 1-week high.
Comments from ECB Chief Economist Praet signal the ECB may be closer to implementing QE when he said the Eurozone could see "negative inflation during a substantial part of 2015" amid a slide in crude prices. He added that "Inflation expectations are extremely fragile" and "the risk of second-round effects seems to be greater today than it was in the past" and that the Governing Council "cannot simply look through that."
The China Dec HSBC manufacturing PMI was unexpectedly revised higher to 49.6, better than expectations of unch at 49.5 but still the slowest pace of expansion in 7 months.
U.S. STOCK PREVIEW
Today’s initial unemployment claims report is expected to show an increase of +10,000 to 290,000, exactly reversing last week’s decline of -10,000 to 280,000.  Meanwhile, today’s continuing claims report is expected to show a decline of -38,000 to 2.365 million, more than reversing last week’s increase of +25,000 to 2.403 million.  Today’s Dec Chicago PMI report is expected to fall -0.8 points to 60.0, adding to November’s sharp decline of -5.4 to 60.8 from October’s 3-3/4 year high of 66.2.  Today’s Nov pending home sales report is expected to show an increase of +0.5% m/m, reversing part of the -1.1% decline seen in October.  None of the Russell 3000 companies report earnings today.  There are no equity conferences this week.  
OVERNIGHT U.S. STOCK MOVERS
Stifel keeps a 'Buy' rating on share of Monsanto (MON -0.28%) and said that seed prices ae likely to rise in 2015.
GrubHub (GRUB -0.11%) climbed nearly 2% in after-hours trading after it was upgraded to 'Outperform' from 'Market Perform' at Barrington.
Stifel keeps a 'Buy' rating on Cempra (CEMP +2.59%) and raised its price target on the stock to $33 from $22.
According to the NY Post, American Apparel (APP -0.93%) is said to be delaying payments to its suppliers.
Globalstar (GSAT -5.76%) fell nearly 3% in after-hours trading after it filed to sell 12.37 million shares of common stock for holders.
Gabelli reported a 7.91% stake in Media General (MEG -1.84%) .
Perion Network (PERI unch) was downgraded to 'Neutral' from 'Buy' at Chardan.
Handy & Harman (HNH +3.80%) submitted a proposal to acquire JPS Industries (JPST +7.80%) for $10 per share.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 +0.13%) this morning are up +2.50 points (+0.12%). The S&P 500 index on Tuesday fell to a 1-week low and closed lower: S&P 500 -0.49%, Dow Jones -0.31%, Nasdaq -0.70%. Negative factors included (1) the +1.6 point increase in U.S. Dec consumer confidence (Conference Board) to 91.0, less than expectations of +5.2 to 93.9, (2) high valuation levels that prompted year-end profit taking and long liquidation in stocks with the S&P 500's forward P/E at a 4-1/2 year high of 17.4.
Mar 10-year T-notes (ZNH15 +0.16%) this morning are up +7.5 ticks at a 1-week high. Mar 10-year T-note futures prices on Tuesday closed higher: TYH5 +6.0, FVH5 +4.00. Bullish factors included (1) carry-over support from a drop in the German 10-year bund yield to a record low 0.535% on Greek debt concerns, and (2) a slide in stocks that boosted the safe-haven demand for Treasuries.
The dollar index (DXY00 -0.06%) this morning is down -0.097 (-0.11%). EUR/USD (^EURUSD) is down -0.0004 (-0.03%). USD/JPY (^USDJPY) is down -0.14 (-0.12%). The dollar index on Tuesday posted a new 8-1/2 year high but fell back and closed lower. Closes: Dollar index -0.199 (-0.22%), EUR/USD +0.0004 (+0.03%), USD/JPY -1.197 (-0.99%). The main bearish factor was weakness in USD/JPY which fell to a 1-week low after a slide in stocks boosted the safe haven demand for the yen. Gains in EUR/USD were limited on European sovereign debt risks after the Greek 10-year bond yield rose to a 1-1/4 year high of 9.628% on concern that elections on Jan 25 that may give power to the anti-austerity Syriza party that seeks to renegotiate Greek’s debt.
Feb WTI crude oil (CLG15 -2.18%) this morning is down -96 cents (-1.77%) and Feb gasoline (RBG15 -3.17%) is down -0.0345 (-2.35%) at a fresh 5-1/2 year low. Feb crude and Feb gasoline prices on Tuesday posted 5-1/2 year lows but recovered and closed higher. Closes: CLG5 +0.51 (+0.95%), RBG5 +0.0005 (+0.03%). Bullish factors included (1) a weaker dollar, and (2) a decline in Libyan oil production as data from Energy Aspects Ltd. stated Libya's oil output has fallen to below 300,000 bpd, a 7-month low, after militants attacked oil facilities. Gains were limited on concern that Wednesday's EIA data will show U.S. supplies remain ample with inventories near a 6-month high.
GLOBAL EVENT CALENDAR12/31/2014
US0700 ETWeekly MBA mortgage applications, previous +0.9% with purchase sub-index +1.3% and refi sub-index +1.1%.
0830 ETWeekly initial unemployment claims expected +10,000 to 290,000, previous -10,000 to 280,000. Weekly continuing claims expected -38,000 to 2.365 million, previous +25,000 to 2.403 million.
0900 ETDec Milwaukee ISM expected -5.25 to 65.00, Nov +4.64 to 70.25.
0945 ETDec Chicago PMI expected -0.8 to 60.0, Nov -5.4 to 60.8.
1000 ETNov pending home sales expected +0.5% m/m and +3.6% y/y, Oct -1.1% m/m and +2.2% y/y.
1030 ETEIA Weekly Petroleum Status Report.
CHI2000 ETChina Dec manufacturing PMI expected -0.3 to 50.0, Nov -0.5 to 50.3.
U.S. STOCK CALENDAR12/31/2014
CompanyTickerTimeEvent DescriptionPeriodEstimate
Unifi IncUFI USAft-mktUnifi Inc. Replaces SWS Group Inc. in S&P SmallCap 600
Central Pacific Financial CorpCPF USAft-mktCentral Pacific Financial Replaces TriQuint Semiconductor in S&P SmallCap 600
SWS Group IncSWS USAft-mktUnifi Inc. Replaces SWS Group Inc. in S&P SmallCap 600
TriQuint Semiconductor IncTQNT USAft-mktCentral Pacific Financial Replaces TriQuint Semiconductor in S&P SmallCap 600
Remy International IncREMY USSpecial Meeting - M&A Vote

Tuesday, December 30, 2014

Inogen - Barchart's Chart of the Day

Inogen (INGN) is the Bar hart Chart of the Day.  The medical instrument company has a Trend Spotter buy signal, a Weighted Alpha of 123.30+, and gained 104.75% in the last month.

The Chart of the Day belongs to Inogen (INGN).  I found the stock by using Barchart to sort the All Time High list to find the stocks with the most frequent new highs in the last month, then used the Flipchart feature to review the chart.  Since the Trend Spotter signaled a buy on 10/27 the stock gained 40.38%.

Inogen, Inc. is a medical technology company. It offers oxygen concentrator, cart, carry bags, backpacks, external battery chargers and universal power supply for obstructive pulmonary disease patients. The Company's products include Inogen One G3 and Inogen One G2. It sells its products in the United States and internationally.


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 27.71% in the last month
  • Relative Strength Index 80.28%
  • Barchart computes a technical support level at 29.39
  • Recently traded at 31.05 with a 50 day moving average of 24.96
Fundamental factors:
  • Market Cap $572.56 million
  • P/E 157.96
  • Revenue expected to grow 45.60% this year and another 21.30% next year
  • Earnings estimated to increase 36.40% this year, an additional 40.00% next year and continue to compound at an annual rate of 22.00% for the next 5 years
  • Wall Street analysts issued 4 strong buy and 1 hold recommendations on the stock
I'd use a moving stop loss 10% below the most recent high to preserve profits.



Monday, December 29, 2014

Chesapeake Utilities - Barchart's Chart of the Day

Chesapeake Utilities (CPK) is the Barchart Chart of the Day.  The gas distribution utility has a Trend Spotter buy signal, a Weighted Alpha of 37.00+, gained 30.59% in the last year and paid a 2.15% dividend.

The Chart of the Day belongs to Chesapeake Utilities (CPK).  I found the stock by sorting the All Time High list for stocks with the most frequent now highs in the last month ten used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/9 the stock gained 11.77%.

CPK is a utility company engaged in natural gas distribution and transmission, propane distribution and marketing, advanced information services and other related businesses.Chesapeake's three natural gas distribution divisions serve residential, commercial and industrial customers in southern Delaware, Maryland's Eastern Shore and Florida. The Company's natural gas transmission subsidiary operates an interstate pipeline system that transports gas from various points in Pennsylvania to Delaware and Maryland distribution divisions.


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
  • 16 new highs and up 17.07% in the last month
  • Relative Strength Index 83.04%
  • Barchart computes a technical support level at 50.41
  • Recently traded at 52.60 with a 50 day moving average of 46.72
Fundamental factors:
  • Market Cap $766.38 million
  • P/E 20.51
  • Dividend yield 2.15%
  • Revenue expected to grow 13.70% this year and shrink 1.00% next year
  • Earnings estimated to increase by 13.70% this year but decrease by 2.70% next year; on the whole earnings are predicted to grow by 3.00% annually for the next 5 years
  • Wall Street analysts issued 4 hold recommendations on the stock
Technical trading strategies have not worked well on this stock so please hold until the total return turns negative.


5 Large Cap Gems

Today I used Barchart to sort a list of  large cap stocks analysts have predicted will out perform the market for the ones having the most frequent new highs in the last month. The smallest OTTR has a market Cap of $1.18 billion.  Today's list includes Rite Aid (RAD), Otter Tail (OTTR), Benchmark Electronics (BHE), ITC Holdings (ITC) and Sealed Air (SEE):

Rite Aid (RAD)


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 36.31% in the last month
  • Relative Strength Index 84.09%
  • Barchart computes a technical support level at 7.16
  • Recently traded at 7.48 with a 50 day moving average of 5.64


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 11.57% in the last month
  • Relative Strength Index 76.06%
  • Barchart computes a technical support level at 31.11
  • Recently traded at 32.07 with a 50 day moving average of 29.89


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 8.58% in the last month
  • Relative Strength Index 71.13%
  • Barchart computes a technical support level at 25.29
  • Recently traded at 25.75 with a 50 day moving average of 23.86


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 9.61% in the last month
  • Relative Strength Index 74.84%
  • Barchart computes a technical support level at 40.40
  • Recently traded at 41.44 with a 50 day moving average of 38.95
Sealed Air (SEE)


Barchat technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 9.61% in the last month
  • Relative Strength Index 73.50%
  • Barchart computes a technical support level at 43.08
  • Recently traded at 43.15 with a 50 day moving average of 38.57










BARCHART MORNING CALL 12/29

BARCHART MORNING CALL

OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH15 -0.18%) this morning are down -0.14% and European stocks are down -0.83% after Greek Prime Minister Samaras failed in a third and final attempt to get his presidential candidate, Stavros Dimas confirmed, which will trigger early elections in late Jan or early Feb. Greece's stock market plunged over 7% to a 2-year low and the 10-year German bund yield fell to a record low of 0.563% on heightened sovereign debt concerns. Greece's parliament will now be dissolved and general elections called, which raises concern that Syriza, an anti-austerity party that seeks to renegotiate Greek's debt, comes to power just before the EU's 240 billion euro ($292 billion) bailout to Greece expires. Asian stocks closed mixed: Japan -0.50%, Hong Kong +1.82%, China +0.28%, Taiwan +0.74%, Australia +1.47%, Singapore +0.42%, South Korea -1.50%, India +0.57%. China's Shanghai Stock Index climbed to a 4-3/4 year high after a plunge in China Nov industrial profits bolstered speculation that the government will boost steps to spur lending and economic growth. Commodity prices are mixed. Feb crude oil (CLG15 +1.15%) is up +1.32%. Feb gasoline (RBG15 +0.63%) is up +0.99%. Feb gold (GCG15 -0.24%) is down -0.18%. Mar copper (HGH15 +0.05%) is down -0.07% at a 4-1/2 year low after China industrial profits fell the most in 2-1/4 years last month, which fueled speculation that demand from China, the world's largest copper consumer, will weaken. Agriculture prices are mixed. The dollar index (DXY00 -0.08%) is down -0.06%. EUR/USD (^EURUSD) is up +0.07%. USD/JPY (^USDJPY) is up +0.11%. Mar T-note prices (ZNH15 +0.20%) are up +6.5 ticks on carryover support from a rally German bunds to a record high.
China Nov industrial profits fell -4.2% y/y, twice as much as the -2.1% y/y decline in Oct and the biggest drop in 2-1/4 years.
ECB Governing Council member Liikanen said the ECB will assess the impact of monetary stimulus, balance sheet growth, and price developments when it meets on Jan 22 and that "we must be ready for new measures if exceptionally low inflation is prolonged and increases risks to price stability and the economy."
U.S. STOCK PREVIEW
There are no U.S. economic reports today.  None of the Russell 3000 companies report earnings today.  There are no equity conferences this week.  
OVERNIGHT U.S. STOCK MOVERS
Endologix (ELGX +0.20%) and Towers Watson (TW -0.47%) were identified as top picks at Piper Jaffray for 2015.
MarkWest Energy (MWE +0.33%) was upgraded to 'Overweight' from 'Equal Weight' at Stephens.
Manitowoc (MTW +4.29%) jumped over 10% in pre-market trading after activist investor Carl Icahn reported a 7.7% stake in the company.
Macquarie reiterates its 'Outperform' rating on Live Nation (LYV -0.34%) and raises its price target on the stock to $30 from $28.
Gilead ({=GILD =})was upgraded to 'Overweight' from 'Equal Weight' at Morgan Stanley who raised their price target on the stock to $104 from $100.
RF Micro Devices (RFMD +0.84%) and MacLinear (MXL +0.55%) were both downgraded to 'Hold' from 'Buy' at Needham.
China Mobile selects Ericsson (ERIC +0.24%) as the sole supplier for its LTE FDD/TDD network.
A weekend article in Barron's said that CarMax (KMX unch) looks to have become a momentum stock and investors should consider buying General Motors (GM +0.90%) or Ford (F +0.98%) instead.
MARKET COMMENTS
Mar E-mini S&Ps (ESH15 -0.18%) this morning are down -3.00 points (-0.14%). The S&P 500 index on Friday posted a fresh record high and closed higher: S&P 500 +0.33%, Dow Jones +0.13%, Nasdaq +0.72%. Bullish factors included (1) carry-over support from a rally in Chinese stocks on speculation the Chinese government will expand measures to spur economic growth, and (2) strength in retailer stocks after the International Council of Shopping Centers reported that early retail estimates showed the best holiday sales in 3 years.
Mar 10-year T-notes (ZNH15 +0.20%) this morning are up +6.5 ticks. Mar 10-year T-note futures prices on Friday closed slightly higher: TYH5 +2, FVH5 +0.75. T-notes found carry-over support from a rally in Japan JGBs to a record high on speculation the BOJ may be forced to expand stimulus since Japan Nov CPI was weaker than expected. Limiting gains in T-notes was the rally in the S&P 500 to a new record high, which cut safe-haven demand.
The dollar index (DXY00 -0.08%) this morning is down -0.053 (-0.06%). EUR/USD (^EURUSD) is up +0.0008 (+0.07%). USD/JPY (^USDJPY) is up +0.13 (+0.11%). The dollar index on Friday closed higher. Closes: Dollar index +0.160 (+0.18%), EUR/USD -0.00404 (-0.33%), USD/JPY +0.275 (+0.23%). Bullish factors included (1) strength in USD/JPY which rose on speculation the BOJ may expand stimulus after Japan Nov CPI rose at its slowest pace in 8 months and after Nov industrial production unexpectedly declined, and (2) weakness in EUR/USD on expectations for the ECB to start QE next year while the Fed begins to raise interest rates.
Feb WTI crude oil (CLG15 +1.15%) this morning is up +72 cents (+1.32%) and Feb gasoline (RBG15 +0.63%) is up +0.0151 (+0.99%). Feb crude and Feb gasoline prices on Friday closed lower with Feb gasoline at a contract low. Closes: CLG5 -0.70 (-1.25%), RBG5 -0.0040 (-0.26%). Bearish factors included (1) a stronger dollar, and (2) a -17.7% y/y decline in Japan Nov oil imports. Losses were limited after fighting intensified between Libyan troops and Islamist militants at the Es Sider oil terminal, Libya’s largest petroleum port.
GLOBAL EVENT CALENDAR12/29/2014
US0830 ETUSDA weekly Export Sales.
1030 ETDec Dallas Fed manufacturing activity expected -1.5 to 9.0, Nov unchanged at 10.5.
1100 ETUSDA weekly grain export inspections.
GERn/aGerman Nov retail sales expected 0.1% m/m and +0.6% y/y, Oct +1.6% m/m and +1.7% y/y.
U.S. STOCK CALENDAR12/29/2014
CompanyTickerTimeEvent DescriptionPeriodEstimate
Walgreen CoWAG USExtraordinary Shareholders Meeting - Restructuring VoteY 2014
TCP International Holdings LtdTCPI USSpecial Meeting