Texas Pacific Land Trust = Chart of the Day

Texas Pacific Land Trust (TPL) is the Barchart Chart of the Day.  The oil royalty trading firm has a Trend Spotter buy signal, a Weighted Alpha of 181.36+ and gained 159.44% in the last year.

The Chart of the Day belongs to Texas Pacific Land Trusts (TPL).  I found the oil royalty trader by using Barchart to sort today's All Time High list first for the highest Weighted Alpha then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 11/15 the stock gained 14.39%.

Texas Pacific Land Trust conducts business through the sale and lease of lands owned by the company, retaining oil and gas royalties, temporary cash investments and the overall management of the land owned by Texas Pacific.

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
• 7 new highs and up 10.02% in the last month
• Relative Strength Index 76.23%
• Technical support level at 301.61
• Recently traded at 326.40 with a 50 day moving average of 288.93

Fundamental factors:

• Market Cap $2.4 billion
• P/E 68.40
• Dividend yield .10%
• At the present time no Wall Street analysts is making projections on the stock
• The individual investors on Motley Fool that follow the stock voted 97 to 7 for the stock to beat the market

Texas Pacific Land Trust - Barchart's Chart fo the Day

Texas Pacific Land Trust (TPL) is the Barchart Chart of the Day.  The company buys and sell real estate while retailing the oil and gas royalties.  It has a Trend Spotter buy signal, a Weighted Alpha of 160.80+ and gained 155.02% in the last year.

The Chart of the Day is Texas Pacific Land Trust (TPL).  I found the stock by sorting the All Time High list for frequency in the last month, skipped the stocks that didn't have a positive gain of the last week and month and reviewed the charts using the Flipchart feature.  Since the Trend Spotter signaled a buy on 1/31 the stock gained 40.24%.

TPL conducts business through the sale and lease of lands owned by the company, retaining oil and gas royalties, temporary cash investments and the overall management of the land owned by Texas Pacific.

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 48.93% in the last month
• Relative Strength Index 93.38%
• Barchart computes a technical support level at 131.66
• Recently traded at 141.74 with a 50 day moving average of 105.88

Fundamental factors:

• Market Cap $1.21 billion
• P/E 42.19
• At present no Wall Street brokerage forms are following the stock
• The stock had a total return to stockholders of 377.50% in the last 5 years
• The individual investors on Motley Foll voted the stock would beat the market by an  83 to 7 vote
• A rating service rated the stock B+ for Financial Strength

The stocks gains look great.  In past years the dividend rate has been less than 1% so I wouldn't call this a total return stock.  Watch the 50 day moving average for weakness but sell at the 100 day moving average