5 Rising Mid Caps

Today I used Barchart to screen the S & P 400 Mid Cap Index for the 5 stocks with great Barchart technical indicators and charts.  The list includes Aqua America (WTR), Vectren (VVC),  Towers Watson and Co (TW), NV Energy (NVE) and Alliant Energy (LNT):

Aqua America (WTR)

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 7.53% in the last month
• Relative Strength Index 79.93%
• Barchart computes a technical support level at 31.34
• Recently traded at 32.00 with a 50 day moving average of 29.51

Vectren (VVC)

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 6.64% in the last month
• Relative Strength Index 75.44%
• Barchart computes a technical support level at 35.37
• Recently traded at 36.25 with a 50 day moving average of 33.61

Towers Watson and Co (TW)

Barchatt technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above  its 20, 50 and 100 day moving averages
• 9 new highs and up 3.51% in the last month
• Relative Strength Index 68.98%
• Barchart computes a technical support level at 69.08
• Recently traded at 70.20 with a 50 day moving average of 66.36

NV Energy (NVE)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 4.08% in the last month
• Relative strength Index 72.95%
• Barchart computes a technical support level at 20.67
• Recently traded at 20.90 with a 50 day moving average of 19.72

Alliant Energy (LNT)

Barchart technical indicators:

• 100% Barchart technical bu signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 5.58% in the last month
• Relative Strength Index 75.47%
• Barchart computes a technical support  level at 50.18
• Recently traded at 50.77 with a 50 day moving average of 48.00

Barchart Morning Call 11/2

Barchart Morning Call

BC - Fri Nov 02, 7:00AM CDT

Overnight Developments

• Dec E-mini S&Ps this morning are unchanged ahead of this morning's Oct U.S. unemployment report (payrolls expected +125,000; unemployment rate expected +0.1 to 7.8%). The Euro Stoxx 50 index is virtually unchanged. Asia stocks today closed higher on support from yesterday's positive U.S. economic data with Japan up +1.17%, Hong Kong up +1.33%, and China up +0.39%. Commodity prices are mildly lower by -0.20% due in part to this morning's 0.35% rally in the dollar index. Dec crude oil is down -0.83%, Dec gasoline is down -0.05%, Dec gold is down -0.35%, Dec copper is down -0.62%, corn and soybeans are lower while the rest of the agriculture sector is higher. EUR/USD is down -0.51% on worries about whether the Greece coalition will be able to hold together to approve austerity measures. Dec 10-year T-notes are down 1 tick.
• The Eurozone final-Oct manufacturing PMI was revised slightly higher by 0.1 point to 45.4 from the preliminary report of 45.3. That left the Oct index down by 0.7 points from 46.1 in September and indicated that the Eurozone manufacturing sector contracted at a faster rate in October than in September.
• The German final-Oct manufacturing PMI was revised slightly higher by 0.3 points to 46.0 from the preliminary report of 45.7. That left the index down by 1.4 points from 47.4 in September.
• The UK Oct construction PMI report of 50.9 was up by 1.4 points from 49.5 in Sep and was substantially stronger than market expectations for a 0.5 point drop to 49.0.
• The Chinese central bank (People's Bank of China or PBOC) said in its third-quarter monetary report that the Chinese economy will maintain stable, relatively fast growth. The PBOC said it will continue to pursue a prudent monetary policy but that China will continue to firmly curb housing speculation.
• China's Securities Journal reported that China will allow small banks to have lower reserve requirement ratios in order to encourage those banks to step up their lending to smaller companies.
  Market Comments
  • Dec E-mini S&Ps this morning are unchanged as the market treads water ahead of today's Oct unemployment report. There has been little news overnight to impact the markets. The S&P 500 index on Thursday closed with a fairly sharp gain: S&P 500 +1.09%, Dow Jones +1.04%, Nasdaq +1.50%. The market was boosted by stronger-than-expected U.S. economic data and a rise in both of China's manufacturing PMI reports. The Oct U.S. ISM manufacturing index rose by +0.2 to 51.7, which was stronger than market expectations for a -0.5 point drop to 51.0. Moreover, the Oct ISM new orders sub-index rose by 1.9 points, adding to Sep's +5.2 point rise and posting a new 5-month high. Initial unemployment claims fell by 9,000 to 363,000, which showed a slightly stronger labor market than expectations for a decline to 370,000. Continuing claims rose by +4,000 to 3.263 mln. Oct ADP jobs rose +158,000, which was above expectations of +131,000, although Sep was revised lower by 48,000 to +114,000 from +162,000. The only weak U.S. report was the decline in U.S. Oct vehicle sales to 14.22 million units from 14.88 million in September, which was weaker than market expectations for a rise to 14.90 million units. China's Oct PMI from the China Federation of Logistics and Purchasing rose +0.4 points to 50.2 from 49.8 in Sep, which was in line with market expectations. Meanwhile, the Chinese Oct manufacturing PMI from HSBC rose 1.6 points to 49.5 from 47.9 and was 0.4 points stronger than the flash report and market expectations of 49.1.
  • Dec 10-year T-notes this morning are down 1 tick. Dec 10-year T-note prices on Thursday closed lower: TYZ2 -6.5, FVZ2 -0.25. T-note prices fell on the stronger-than-expected U.S. economic data and on reduced safe-haven demand with the rally in stocks.
  • The dollar index this morning is up +0.28 (+0.35%) on continued support from yesterday's firm U.S. economic data. EUR/USD is down -0.0066 (-0.51%) on cracks in the Greek coalition and squabbling among Eurozone officials about how Greece's debt load can be reduced to more realistic levels. USD/JPY is mildly higher by +0.15 (+0.19%). The dollar index on Thursday closed slightly higher: Dollar index +0.02 (+0.15%), EUR/USD -0.0017 (-0.13%), USD/JPY +0.35 (+0.44%). The dollar index received support from the stronger-than-expected U.S. economic data but was undercut by reduced safe-haven demand with the rally in stocks. EUR/USD closed slightly lower and was undercut by fresh doubts about whether the Greek parliament will be able to approve the austerity measures that are necessary to qualify for the next tranche of bailout aid.
  • Dec WTI crude oil prices this morning are down -0.72 (-0.83%) and Dec gasoline is down -0.0012 (-0.05%). Dec crude oil and gasoline prices on Thursday closed higher: CLZ2 +0.85 (+0.99%), RBZ2 +0.0033 (+0.13%). Bullish factors included the stronger-than-expected U.S. economic data and the unexpected -2.0 million barrel drop in DOE U.S. crude oil inventories versus expectations for a +1.75 million barrel increase. Meanwhile, gasoline inventories rose by +935,000 barrels and distillate inventories fell by -93,000 barrels. The refinery utilization rate rose by +0.5 points to 87.7% were it was 3.2 points above the 5-year seasonal average. On the bearish side, U.S. crude oil production rose by 0.9% to a new 17-3/4 year high of 6.669 million barrels per day.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): CVX-Chevron (Consensus:$2.84), HES-Hess (1.19), ED-Consolidated Edison (1.38), PPl-PPL Corp (0.67), MHP-McGraw Hill (1.31), RL-Ralph Lauren (2.15), BEAM-Beam Inc (0.55), NI-Nisource (0.04), VMC-Vulcan Materials (0.16), PNW-Pinnacle West (2.24), XEC-Cimarex Energy (0.95), LNT-Alliant Energy (1.30), NRG-NRG Energy (0.44), BPL-Buckeye Partners (0.73), NVE-NV Energy (0.88), IT-Gartner (0.35), VHI-Valhi (na), IEP-Icahn Enterprise (na), OZM-Och-Zill (0.13), DRC-Dresser-Rand (0.68), HUN-Huntsman (0.51), WTR-Aqua America (0.35), SEE-Sealed Air (0.31), USM-US Cellular (0.61), MSG-Madison Square (0.20).
    Global Financial Calendar
    

    Friday 11/2/12
    United States
    0830 ET	Oct non-farm payrolls expected +125,000, Sep +114,000. Oct private payrolls expected +124,000, Sep +104,000. Oct mfg payrolls expected -3,000, Sep -16,000. Oct unemployment rate expected +0.1 to 7.9%, Sep down -0.3 to 7.8%. Oct household employment, Sep +873,000.
    0830 ET	Oct average hourly earnings expected +0.2% m/m and +1.7% y/y, Sep +0.3% m/m and +1.8% y/y. Oct average weekly hours expected unch at 34.5 hours, Sep 34.5.
    0945 ET	Oct New York ISM index, Sep 52.9.
    1000 ET	Sep factory orders expected +4.6% m/m, Aug -5.2% m/m.
    Germany
    0455 ET	German final Oct manufacturing PMI expected no change at 45.7.
    Euro-Zone
    0500 ET	Eurozone final Oct manufacturing PMI expected no change at 45.3.
    United Kingdom
    0530 ET	UK Oct construction PMI expected -0.5 to 49.0, Sep 49.5.
    CHI
    2000 ET	China Oct non-manufacturing PMI, Sep 53.7.

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Barchart Morning Call 7/27

Barchart Morning Call

BC - 23 mins ago

Overnight Developments

• Sep E-mini S&Ps this morning are slightly higher by +0.24% on continued optimism that the ECB appears ready to restart its bond buying program, although the Bundesbank today restated its opposition to the program. European stocks are trading mildly higher by +0.21%. Commodity prices are trading up +0.58% on average with crude oil up +0.34%, gold up +0.39%, copper up +1.06%, and agricultural prices trading mostly higher. The dollar index is trading slightly lower while EUR/USD is up +0.17%. Sep 10-year T-notes are down 7.5 ticks.
• Asian stocks today closed higher on support from Thursday's sharp rally in the U.S. stock market: Japan +1.46%, Hong Kong +2.02%, china +0.07%, Taiwan +2.21%, Australia +1.50%, Singapore -0.20%, South Korea +2.93%, India +1.20%, Turkey +0.06%.
• France's Le Monde today reported that that ECB is preparing to restart its Securities Market Program and start buying bonds again of troubled countries such as Spain and Italy. That will be followed by bond purchases in the secondary market by the Eurozone's bailout facilities. However, the Bundesbank's spokesman today said that restarting the ECB's bond buying program is not the best way to resolve the crisis. Bundesbank officials in the past have opposed the ECB's bond purchase program because it blurs the line between monetary and fiscal policy, takes the pressure off countries to make the necessary fiscal consolidation to regain the trust of bond investors, and puts impaired securities on the ECB's balance sheet.
• German Chancellor Merkel and French President Hollande plan to speak today at 1PM Paris time by telephone to discuss how to help Spain as quickly as possible and to implement last month's summit agreements.
• Spain's Q2 unemployment rate rose by 0.2 points to a new record high of 24.6%, underlining the severe state of the Spanish economy.
• Chinese industrial company earnings in Jan-June fell 2.2% y/y, underlining the profit pressure that companies are under due to slower Chinese GDP growth.
• Japan's July CPI fell -0.2% y/y, down from +0.2% y/y in June and weaker than market expectations of unchanged. The report highlighted that Japan remains subject to deflationary pressure despite years of near-zero interest rates and large quantitative easing programs. Separately, Japan's June retail trade fell -1.2% m/m, which was much weaker than market expectations for a gain of +0.2% m/m and a reversal from the +0.7% m/m gain seen in May.
  Market Comments
  • Sep E-mini S&Ps this morning are up +3.25 points (+0.24%) on continued optimism that the ECB appears ready to start buying Spanish and Italian bonds in the secondary market. Facebook is down 10% in European trading this morning after reporting slower sales growth and narrower profit margins late yesterday afternoon. Starbucks is down 10% in European trading after fiscal Q4 earnings guidance was weaker than expected. The U.S. stock market on Thursday closed sharply higher: S&P 500 +1.65%, Dow Jones +1.67%, Nasdaq 100 +1.40%. Bullish factors centered on ECB President Draghi's strong statement that the ECB will do whatever it needs to do to support the euro and his implicit promise to push peripheral bond yields lower. Spanish and Italian bond yields plunged on Mr. Draghi's comments, making funding costs a little more reasonable for Spain and Italy. U.S. stock market participants are also hopeful that the Fed may announce a QE3 program at either next week's FOMC meeting or the next meeting in September.
  • Sep 10-year T-notes this morning are down 7.5 ticks on reduced safe-haven demand. Sep 10-year T-note prices on Thursday closed moderately lower: -6.5, FVU2 -2.25. T-note prices fell on reduced safe-haven demand with the sharp rally in stocks and the sharp decline in Spanish and Italian bond yields.
  • The dollar index this morning is slightly lower by -0.082 points (-0.10%) while EUR/USD is up +0.0021 (+0.17%) on the ECB's apparent intention to restart its bond buying program. USD/JPY is down -0.09 (-0.12%). The dollar index on Thursday closed sharply lower: Dollar index -0.716 (-0.86%), EUR/USD +0.0125 (+1.03%), USD/JPY +0.05 (+0.06%). The dollar index fell and EUR/USD rallied on Mr. Draghi's strong promise of support for the Eurozone and his implication that something big might be in the works. The ECB meets next Thursday and could be ready to announce new support measures for the Eurozone.
  • Sep WTI crude oil prices this morning are mildly higher by +0.30 (+0.34%) and Sep gasoline is up +0.0164 +0.60%) on some optimism about Europe with the ECB stepping in to try to reduce Spanish and Italian bond yields. Crude oil and gasoline prices on Thursday closed moderately higher: CLU2 +0.42 (+0.47%), RBU2 +0.0208 (+0.77%). Bullish factors centered on the sharp sell-off in the dollar index and the improved economic sentiment that came with ECB President Draghi's strong statement of support for the Eurozone.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): Chevron (Consensus $3.22), MRK-Merck (1.01), LYB-Lyndellbasell (1.40), Newmont Mining (0.93), AON-Aon Plc (1.02), WY-Weyerhaeuser (0.10), DTE-DTE Energy (0.70), KKR-KKR & Co (0.16), CPN-Calpine (0.01), DHI-DR Horton (0.20), NWL-Newell Rubbermaid (0.45), HP-Helmerich & Payne (1.15), CVH-Coventry Health (0.64), NVE-NV Energy (0.18), BOKF-BOK Financial (1.13), NS-Nustar Energy (0.30).
    Global Financial Calendar
    

    Friday 7/27/12
    United States
    0830 ET	Q2 GDP expected +1.4% annualized, Q1 +1.9% q/q annualized. Q2 personal consumption expected +1.3%, Q1 +2.5%. Q2 GDP price index expected +1.6%, Q1 +2.0%. Q2 PCE expected +1.8% q/q, Q1 +2.3% q/q.
    0955 ET	Final-July U.S. consumer confidence index (University of Michigan) unchanged from early-July at 72.0, early-July -1.2 to 72.0.
    Germany
    0800 ET	Jul German CPI (EU harmonized) expected +0.4% m/m and +1.9% y/y, Jun -0.2% m/m and +2.0% y/y. German state July CPIs.

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NV Energy - Barchart Chart of the Day

coms Chart of the Day - NV Energy (NVE)

Barchart Research Team - Barchart.com - Fri Jun 10, 10:12PM CDT

Related Stocks

NVE - Nv Energy Inc

Sym	Last	Chg	Pct
NVE	15.65	-0.04	-0.25%

The "Chart of the Day" is NV Energy (NVE), which showed up on Friday's Barchart "NYSE 12-Month High" list. NV Energy on Friday rallied by 2.02% and posted a new all-time high of $15.91. TrendSpotter turned Long last Wednesday at $15.55. In recent news on the stock, Soleil on May 2 upgraded NV Energy to Buy from Hold and raised its target to $17 based on valuation and FY-2012 earnings growth. NV Energy, with a market cap of $3.7 billion, is an electric and natural gas utility in Nevada and the Lake Tahoe area of California.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 75% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 88% Buy

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