Wednesday, October 19, 2016

Trimble Navigation - Chart of the Day

Trimble Navigation (TRMB) is the Barchart Chart of the Day.  The electronics devices company has a Trend Spotter buy signal, a Weighted Alpha of 54.53+ and gained 63.98% in the last year.

The Chart of the Day belongs to Trimble Navigation (TRMB).  I found the electronic devices stock by using Barcart to sort the Russell 3000 Index stocks first by the highest number of new highs in the last month, then again for technical buy signals of 80% or better,  Since the Trend Spotter signaled a buy on 9/29 the stock gained 6.50%.

Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office.



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% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 10.57% in the last month
  • Relative Strength Index 68.90%
  • Technical support level at 28.91
  • Recently traded at 29.50 with a 50 day moving average of 27.74
Fundamental factors:
  • Market Cap $7.41 billion
  • P/E 30.24
  • Revenue expected to grow 4.60% this year and another 6.40% next year
  • Earnings estimated to increase by 4.40% this year, an additional 18.60% next year and continue to compound at an annual rate of 12.50% for the last 5 years
  • Wall Street analysts issued 6 strong buy, 3 buy and 4 hold recommendation on the stock



Halliburton - Great Large Cap for Momentum Investors

Today I wanted to find a great large cap stock for Momentum Investors so I used Barchart to sort the S&P 500 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better and Halliburton (HAL) popped up.

Barchart technical Indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 17.78% in the last month
  • Relative Strength Index 70.14
  • Technical support level at 45.90
  • Recently traded at 48.58 with a 50 day moving average of 44.21

Tuesday, October 18, 2016

Nabors Industries - Chart of the Day

Nabor Industries (NBR) is the Barchart Chart of the Day.  The petroleum drilling company has a Trend Spotter buy signal, a Weighted Alpha of 47.00+ and gained 31.40% in the last 6 months.

The Chart of the Day belongs to Nabor Industries (NBR).   I found the petroleum drilling stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs in the last month, ten again for technical buy signals  of 80% or more.  Since the Trend Spotter signaled a buy on 9/29 the stock gained 25.86%.

Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors conducts oil, gas and geothermal land drilling operations in the U.S. and internationally. Nabors also is one of the largest land well-servicing and workover contractors in the United States. To further supplement its primary business, it offers a number of ancillary well-site services, including oilfield management, engineering, transportation, construction, maintenance, well logging and other support services, in selected domestic and international markets.


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:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 36.73% in the last month
  • Relative Strength Index 68.32%
  • Technical support level at 12.71
  • Recently traded at 13.14 with a 50 day moving average of 10.75
Fundamental factor:
  • Market Cap $ 3.70 billion
  • Revenue expected to grow 10.20% next year
  • Earnings estimated to increase 21.50% next year
  • Wall Street analysts issued 14 strong buy, 3 hold and 1 sell recommendation on the stock

Monday, October 17, 2016

RigNet - Chart of the Day

RigNet (RNET) is the Barchart Chart of the Day.  The wireless communications company has a Trend Spotter buy signal and although it has a Weighted Alpha of minus 14.43 the stocks has gained 23.05% in the last 3 months.

The Chart of the Day belongs to RigNet (RNET).  I found the wireless communications stock by using Barcart to sort the Russell 3000 Index stocks first for the highest number of new hihgs in the last month, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 9/8 the stock gained 28.98%.

RigNet, Inc is engaged in providing data network infrastructure serving the remote communications needs of the oil and gas industry. The Company delivers voice, data, video and other value-added services such as real-time management services through a Internet Protocol/Multiprotocol Label Switching, or IP/MPLS, global network. RigNet operates its business through three reportable segments: eastern hemisphere, western hemisphere and U.S. land. The eastern hemisphere segment provides services outside USA in the eastern part; western hemisphere provides services outside USA in the western part; while the U.S. land segment offers services to facilities located onshore in North America. RigNet, Inc is headquartered in Houston, Texas.

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:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 23.24% in the last month
  • Relative Strength Index 71.23%
  • Technical support level at 16.07
  • Recently traded at 16.60 with a 50 day moving average of 13.56
Fundamental factors:
  • Market Cap $294.32 million
  • Revenue to decrease 3.90% next year
  • Earnings estimated to increase 60.00% next year and continue to compound at an annual rate of 20.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy and 2 hold recommendations on the stock


CDK Global - Sell Signals

I deleted CDK Global (CDK) from the Barchart Van Meerten New High portfolio for negative price momentum.

Barchart technical indicators:

  • 80% technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 30 and 100 day averages
  • 9.24% off its recent high
  • Relative Strength Index 30.80%
  • Recently traded at 54.54 which is below its 50 day moving average of 57.33