5 Large Cap Picks

This morning I wanted to find 5 Large Cap stocks with great current momentum.  I used Barchart to sort the S&P 500 Index stocks first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more.  Today's watch list includes:

Boeing (BA), Fidelity National Information Services (FIS), Monster Beverage (MNST), Verisign (VRSN), and Ameriprise Financial Services (AMP)

Boeing (BA)

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter by signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 24.42% in the last month
• Relative Strength Index 93.59%
• Technical support level at 239.21
• Recently traded at 246.07 with a 50 day moving average of 200.65

Fidelity National Information Services (FIS)

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 6.84% in the last month
• Relative Strength Index 75.73%
• Technical support level at 90.40
• Recently traded at 91.32 with a 50 day moving average of 86.75

Monster Beverages (MNST)

Barchart techncal indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 5.80% in the last month
• Relative Strength Index 56.87%
• Technical support level at 53.02
• Recently traded at 52.62 with a 50 day moving average of 50.99

Verisign (VRSN)

Barchart technical indicators:

• 96% technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.31% in the last month
• Relative Strength Index 74.89%
• Technical support level at 101.30
• Recently traded at 101.88 with a 50 day moving average of 94.38

Ameriprise Financial Services (AMP)

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 13.09% in the last month
• Relative Strength Index 72.54%
• Technical support level at 142.14
• Recently traded at 143.76 with a 50 day moving average of 129.66

MORNING CALL 2/10

Barchart Morning Call

Barchart.com - Fri Feb 10, 6:33AM CST

OVERNIGHT MARKETS AND NEWS

Mar E-mini S&Ps (ESH17 +0.10%) are up +0.07% at a new record nearest-futures high on optimism President Trump's pledge to overhaul business taxes will boost economic growth. Stocks also received a boost after Chinese trade data showed China's Jan exports and imports rose more than expected, a positive sign for the global economy. European stocks erased their gains and are down -0.33% as bank stocks sold-off on political risks from French presidential elections in April along with Greek debt concerns. Asian stocks settled higher: Japan +2.49%, Hong Kong +0.21%, China +0.42%, Taiwan +0.79%, Australia +0.99%, Singapore +0.66%, South Korea +0.36%, India +0.02%. China's Shanghai Composite posted a 1-3/4 month high on signs of strength in China's economy after China Jan exports rose +7.9% y/y, the biggest increase in nearly 2 years and China Jan imports rose +16.7% y/y, the largest gain in 4-years. Japan's Nikkei Stock Index climbed to a 2-week high as exporter stocks rallied on improved earnings prospects as USD/JPY moved up to a 1-week high.

The dollar index (DXY00 +0.21%) is up +0.11% at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.17% at a 1-1/2 week low. USD/JPY (^USDJPY) is up +0.18% at a 1-week high.

Mar 10-year T-note prices (ZNH17 -0.14%) are down -5 ticks.

Japan Jan PPI rose +0.6% m/m and +0.5% y/y, stronger than expectation of +0.2% m/m and unch y/y with e +0.5% y/y gain the largest year-on-year increase in 1-3/4 years.

The China Jan trade balance widened to a $51.35 billion surplus, larger than expectations of +$48.50 billion and the biggest surplus in a year. Jan exports rose +7.9% y/y, stronger than expectations of +3.2% y/y and the largest increase in 23 months. Jan imports climbed +16.7%, stronger than expectations of +10.0% y/y and the biggest increase in 4 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jan import price index (expected +0.3% m/m and +3.3% y/y, Dec +0.4% m/m and +1.8% y/y), (2) preliminary-Feb University of Michigan U.S. consumer sentiment index (expected -0.5 to 98.0, Jan +0.3 to 98.5), (3) Jan monthly budget statement (expected +$45.0 billion, Dec -$27.5 billion), (4) President Trump and Japanese Prime Minister Abe meet in Washington.

Notable S&P 500 earnings reports today include: Interpublic (consensus $0.67), Ventas (1.02), Aon (2.49), CBRE Group (0.81).

U.S. IPO's scheduled to price today: none.

Equity conferences: none.

OVERNIGHT U.S. STOCK MOVERS

Activision Blizzard (ATVI +1.38%) jumped 10% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, well above consensus of 73 cents, and its board authorized a $1 billion stock buyback over the next two years.

CyberArk Software Ltd (CYBR +2.90%) dropped over 3% in after-hours trading after it said it sees full-year EPS of $1.20-$1.24, weaker than consensus of $1.34.

Ellie Mae (ELLI -0.67%) climbed 5% in after-hours trading after it reported Q4 adjusted EPS of 57 cents, better than consensus of 49 cents.

VeriSign (VRSN -0.06%) gained 1% in after-hours trading after it reported Q4 adjusted EPS of 92 cents, higher than consensus of 88 cents.

Seattle Genetics (SGEN +2.11%) slid over 4% in after-hours trading after it said it sees 2017 revenue of $405 million-$445 million, below consensus of $490.5 million.

Columbia Sportswear ({=COLM =}) rose 4% in after-hours trading after it reported Q4 EPS of $1.20, above consensus of $1.10.

Monolithic Power Systems (MPWR -1.00%) slid nearly 7% in after-hours trading after it said Q4 revenue for consumer end market fell to $38 million from $38.6 million y/y, the first year-on-year decline in consumer revenue in over a year.

Trivago (TRVG +0.61%) jumped over 7% in after-hours trading after Expedia said Trivago's Q4 revenue surged +65% y/y to $183 million.

Yelp (YELP +0.19%) tumbled 9% in after-hours trading after it said it sees Q1 revenue of $195 million-$199 million, less than consensus of $204.4 million.

Cliffs Natural Resources (CLF +19.43%) fell 4% in after-hours trading after it announced an offering of 50-million common shares.

Hortonworks (HDP +2.83%) jumped 8% in after-hours trading after it said it sees 2017 GAAP revenue of $235 million-$240 million, above consensus of $234.8 million.

Regal Entertainment Group (RGC +1.16%) gained over 2% in after-hours trading after it reported Q4 adjusted EPS of 33 cents, higher than consensus of 26 cents.

MagnaChip Semiconductor (MX -2.96%) lost 3% in after-hours trading after it said it sees Q1 revenue of $157 million-$163 million, less than consensus of $166.5 million.

Control4 Corp. (CTRL +2.94%) rallied nearly 7% in after-hours trading after it reported Q4 adjusted EPS of 31 cents, better than consensus of 24 cents, and then said it sees 2017 adjusted EPS of 90 cents-98 cents, higher than consensus of 85 cents.

Radisys (RSYS +0.24%) sank nearly 15% in after-hours trading after it said it sees 2017 adjusted EPS of 7 cents-17 cents, below consensus of 25 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH17 +0.10%) this morning are up +1.50 points (+0.07%) at a new all-time nearest-futures high. Thursday's closes: S&P 500 +0.58%, Dow Jones +0.59%, Nasdaq +0.30%. The S&P 500 on Thursday posted a new all-time high and settled higher on an unexpected -12,000 decline in U.S. weekly initial unemployment claims to a 2-3/4 month low of 234,000 (versus expectations of +3,000 to 249,000) and on President Trump's comment that he will announce a "phenomenal" tax plan within weeks, which bolstered optimism his tax plans will boost economic growth.

Mar 10-year T-notes (ZNH17 -0.14%) this morning are down -5 ticks. Thursday's closes: TYH7 -14.00, FVH7 -8.50. Mar 10-year T-notes on Thursday closed lower on the -12,000 decline in initial unemployment claims to a 2-3/4 month low and on reduced safe-have demand with the rally in stocks to new record highs.

The dollar index (DXY00 +0.21%) this morning is up +0.11 (+0.11%) at a 1-1/2 week high. EUR/USD (^EURUSD) is down -0.0018 (-0.17%) at a 1-1/2 week low. USD/JPY (^USDJPY) is up +0.20 (+0.18%) at a 1-week high. Thursday's closes: Dollar index +0.37 (+0.37%), EUR/USD -0.0043 (-0.40%), USD/JPY +1.32 (+1.18%). The dollar index on Thursday closed higher on the unexpected decline in U.S. weekly jobless claims to a 2-3/4 month low, which bolsters the case for additional Fed rate hikes, and on optimism that the Trump administration will enact fiscal policies to boost economic growth after President Trump said he will announce a "phenomenal" tax plan within the next 2-3 weeks.

Mar WTI crude oil prices (CLH17 +1.25%) this morning are up +47 cents (+0.89%) and Mar gasoline (RBH17 +1.80%) is +0.0234 (+1.49%). Thursday's closes: Mar crude +0.6 (+1.26%), Mar gasoline +0.0020 (+0.13%). Mar crude oil and gasoline on Thursday closed higher on comments from Qatar Energy Minister Mohammed Al Sada who said OPEC may need to extend its output cuts into the second half of this year to re-balance the market. Gains in crude were limited due to a stronger dollar.

GLOBAL EVENT CALENDAR02/10/2017

		Friday, Feb 10
US	0830 ET	Jan import price index expected +0.3% m/m and +3.3% y/y, Dec +0.4% m/m and +1.8% y/y.
	1000 ET	Preliminary-Feb University of Michigan U.S. consumer sentiment index expected -0.5 to 98.0, Jan +0.3 to 98.5.
	1400 ET	Jan monthly budget statement expected +$45.0 billion, Dec -$27.5 billion.
	n/a	President Trump and Japanese Prime Minister Abe meet in Washington.
		Monday, Feb 13
US	1100 ET	USDA weekly grain export inspections.

U.S. STOCK CALENDAR02/10/2017

Company	Ticker	Time	Event Description	Period	Estimate
Interpublic Group of Cos	IPG US	Bf-Mkt	Q4 2016 Earnings Release	Q4 2016	0.665
Ventas Inc	VTR US	Bf-Mkt	Q4 2016 Earnings Release	Q4 2016	1.024
Aon PLC	AON US	6:30	Q4 2016 Earnings Release	Q4 2016	2.493
CBRE Group Inc	CBG US	6:59	Q4 2016 Earnings Release	Q4 2016	0.806
Aon PLC	AON US	8:30	Q4 2016 Earnings Call	Q4 2016
Interpublic Group of Cos	IPG US	8:30	Q4 2016 Earnings Call	Q4 2016
CBRE Group Inc	CBG US	8:30	Q4 2016 Earnings Call	Q4 2016
Ventas Inc	VTR US	10:00	Q4 2016 Earnings Call	Q4 2016
Mohawk Industries Inc	MHK US	11:00	Q4 2016 Earnings Call	Q4 2016
DENTSPLY SIRONA Inc	XRAY US		Q4 2016 Earnings Release	Q4 2016	0.652
Accenture PLC	ACN US		Annual General Meeting	Y 2017

The 5 Best Large Caps

I wanted to find the 5 best large cap stocks so I used Barchart to sort the S&P 500 Large Cap Index stocks first by a Weighted Alpha of 50.00+ or more, then a 50-100 Day MACD Oscillator buy signal then for technical buy signals of 80% or better.  I always use the Flipchart feature to review the charts.  The stocks with the highest technical buy signals were Molson Coors Brewing (TAP), Scana (SCG), Newell Rubbermaid (NWL), General Electric (GE) and Verisign (VRSN).

Molson Coors Brewing (TAP)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 17.10% in the last month
• Relative Strength Index 70.96%
• Barchart computes a technical support level at 84.76
• Recently traded at 92.22 with a 50 day moving average of 82.94

Scana (SCG)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 7.94% in the last month
• Relative Strength Index 63.73%
• Barchart computes a technical support level at 59.26
• Recently traded at 60.11 with a 50 day moving average of 55.48

Newell Rubbermaid (NWL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 6.54% in the last month
• Relative Strength Index 65.55%
• Barchart computes a technical support level at 43.81
• Recently traded at 44.98 with a 50 day moving average of 42.32

General Electric (GE)

Barchart 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 8.51% in the last month
• Relative Strength Index 71.38%
• Barchart computes a technical support level at 29.94
• Recently traded at 30.48 with a 50 day moving average of 27.28

Verisign (VRSN)

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 9.94% in the last month
• Relative Strength Index 69.49%
• Barchart computes a technical support level at 81.14
• Recently traded at 82.53 with a 50 day moving average of 74.25

5 Large Cap Gems

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks with the best technical indicators and charts.  The list includes Frontier Communications (FTR), Verisign (VRSN), Halliburton (HAL), Raytheon (RTN), Scripps Networks Interactive (SNI):

Frontier Communications (FTR)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 6.67% in the last month
• Relative Strength Index 57.35%
• Barchart computes a technical support level at
• Recently traded at 4.55 with a  day moving average of 4.26

Verisign (VRSN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 5.85% in the last month
• Relative Strength Index 73.44%
• Barchart computes a technical support level at 48.97%
• Recently traded at 50.09 with a 50 day moving average of 46.68

Halliburton (HAL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages 
• 11 new highs and up 6.61% in the last month
• Relative Strength Index 72.03%
• Barchart computes a technical support level at 46.59
• Recently traded at 49.04 with a 50 day moving average of 44.81

Raytheon (RTN)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 10.91% in the last month
• Relative Strength Index 71.45%
• Barchart computes a technical support level at 76.16
• Recently traded at 77.65 with a 50 day moving average of 71.04

Scripps Networks Interactive (SNI)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 11 new highs and up 5.58% in the last month
• Relative Strength Index 61.33%
• Barchart computes a technical support level at 73.69
• Recently traded at 75.38 with a 50 day moving average of 71.40

My 3 Large Cap Picks

Today I screened the S&P 500 Large Cap Index stocks to find 3 with very good Barchart technical indicators and found Verisign (VRSN), Sysco (SYY) and Scripps Networks Interactive (SNI):

Verisign (VRSN)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 2.35% in the last month
• Relative Strength Index 63.43%
• Barchart computes a technical support level at 47.67
• Recently traded at 48.84 with a 50 day moving average of 46.83

Sysco (SYY)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 9 new highs and up 4.29% in the last month
• Relative Strength Index 69.71%
• Barchart computes a technical support level at 30.88
• Recently traded at 61.59 with a 50 day moving average of 30.07

Scripps Networks Interactive (SNI)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 8 new highs and up 5.92% in the last month
• Relative Strength Index 63.63%
• Barchart computes a technical support level at 60.42
• Recently traded at 62.61 with a 50 day moving average of 58.97

3 NASDAQ 100 Stocks

Today I used Barchart to screen the NASDAQ 100 Index stocks to find the 3 with the most favorable technical indicators and charts and found Verisign (VRSN), Paychex (PAYX) and Oracle (ORCL)

Verisign (VRSN)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 10.43% in the last month
• Relative Strength Index 69.19%
• Barchart computes a technical support level at 47.31
• Recently traded at 47.76 with a 50 day moving average of 43.75

Paychex (PAYX)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 2 new highs and up 3.90% in the last month
• Relative Strength Index 60.98%
• Barchart computes a technical support level at 32.72
• Recently traded at 33.28 with a 50 day moving average of 32.10

Oracle (ORCL)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 8.50% in the last month
• Relative Strength Index 66.78%
• Barchart computes a technical support support level at 31.26
• Recently traded at 32.03 with a 50 day moving average of 29.39

Verisign - VRSn - Barchart Chart of the Dat

Barchart.coms Chart of the Day - Verisign (VRSN)

Barchart Research Team - BC - Thu Aug 09, 6:46PM CDT

Related Stocks

VRSN - Verisign

Sym	Last	Chg	Pct
VRSN	46.45	-0.15	-0.32%

The "Chart of the Day" is Verisign (VRSN), which showed up on Thursday's Barchart "52-Week High" list. Versign on Thursday posted a new 10-year high of $46.77 and closed up +0.22%. TrendSpotter has been long since July 27 at $45.42. In recent news on the stock, Verisign on July 26 reported Q2 EPS of 45 cents, which was in line with the market consensus. Verisign, with a market cap of $7 billion, is a leading provider of infrastructure services to website owners, enterprises, electronic commerce service providers and individuals.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
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.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

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Chart of the Day Archive
View Past Chart of the Day Reports

3 Great Growth Stocks

Today I used Barchart to screen growth stocks analysts expect to have both revenue and earnings increase of at least 10% and are presently having good upward price momentum and found   Dollar General (DG), Verisign (VRSN) and Concur Technologies (CNQR)

Charts and Technical indicators provided by Barchart.com

Dollar General (DG)

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Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 15.44% in the last month
• Relative Strength Index 77.23%
• Barchartt computes a technical support level at 52.53
• Recently traded at 54.95 with a 50 day moving average of 48.48

Verisign (VRSN)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 9.95% in the last month
• Relative Strength Index 66.99%
• Barchart computes a technical support level at 42.43
• Recently traded at 43.76 with a 50 day moving average of 40.78

Concur Technologies (CNQR)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 9.23% in the last month
• Relative Strength Index 60.46%
• Barchart computes a technical support level at 65.78
• Recently traded at 67.35 with a 50 day moving average of 64.48

5 Great NASDQ 100 Stocks

This morning I used Barchart to screen the S&P NASDAQ 100 stocks that were having positive price momentum and came up with a nice list of winners:

Mylan (MYL)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 8.40% in the last month
• Barchart computes a technical support level at 20.06
• Relative Strength Index 61.91
• Recently traded at 20.10 with a 50 day moving average of 18.65

Verisign (VRSN)

Barchart technical indicators:

• 60% Barchart short term buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Barchart computes a technical support level at 33.43
• Relative Strength Index 57.84
• Traded recently at 33.61 with a 50 day moving average of 32.93

Urban Outfitters (URBN)

Barchart technical indicators:

• 60% Barchart short term technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up .74% in the last month
• Barchart computes a technical support level at 26.78
• Relative Strength Index 54.01%
• Recently traded at 27.09 with a 50 day moving average of 25.95

Teva Pharmaceutical (TEVA)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 4.80% in the last month
• Barchart computes a technical support level at 67.15
• Recently traded at 42.34 with a 50 day moving average of 39.70

Starbucks (SBUX)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 11.04% in the last quarter
• Barchart computes a technical support level at 43.05
• Relative Strength Index 53.70%
• Recently traded at 43.20 with a 50 day moving average of 42.43

Verisign - VRSN - Barchart Chart of the Day

Barchart.coms Chart of the Day - Verisign (VRSN)

Barchart Research Team - Barchart.com - Sat May 07, 5:14PM CDT

Related Stocks

 VRSN - Verisign

Sym	Last	Chg	Pct
VRSN	35.57	+0.93	+2.68%

The "Chart of the Day" is Verisign (VRSN), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Verisign last Friday rallied by 2.68%, adding to the previous session's 3.5% rally and posting a new 3-year high of $35.67. A rally above the 9-1/2 year high of $36.09 posted in June 2008 would be a particularly bullish technical development. In recent news on the stock, Verisign on April 28 reported in-line EPS of 32 cents and declared a special dividend of $2.75 per share. CLSA on April 12 reiterated its Outperform rating on Verisign and raised its target to $41 from $38 due to strong domain registration trends and the renewal of the .NET and .COM registry contracts. Verisign, with a market cap of $6 billion, provides infrastructure services to website owners, enterprises, electronic commerce service providers and individuals.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are all 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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

---

Chart of the Day Archive
View Past Chart of the Day Reports

Verisign - VRSN - Breakour

VRSN - Verisign -- one of the leading providers of trusted infrastructure services to website owners, enterprises, electronic commerce service providers and individuals. The company's domain name registration, digital certificate, global registry and payment services provide the critical web identity, authentication and transaction infrastructure that online businesses need to establish their web identities and to conduct secure electronic commerce, or e-commerce, and communications.

• 100% Barchart.com technical buy signal
• 3 new highs and up 4.71% in the last 5 days
• Relative Strength Index 64.52% and rising
• Trades around 34.25 with a 50 day moving average of 32.98

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

Internet Infrastructure Holder - IIH - added

This morning we added the Internet Infrastructure Holder (IIH) to the Barchart Van Meerten Speculative portfolio. The trust currently holds shares of common stock issued by a group of specified companies that were, at the time of the initial offering, generally considered to be involved in various aspects of the Internet infrastructure segment of the Internet industry. The Internet infrastructure segment of the Internet industry consists of companies that, among other things, provide software and related services, which allow Internet companies to better manage their Web sites and improve online communications.

At the latest report the trust had 8 positions of which 3 positions VeriSign (VRSN) -51%, Akami (AKAM) - 29% and Open Text (OTEX)- 10% accounted for 90% of its holdings. The portfolio has 51% in software and 49% in telecom sectors.

Barchart has a 96% buy signal. The trust has appreciated 8.50% in the last month by hitting 14 new highs in the last 20 sessions. The 14 day Relative Strength Index is 67.88% and on the rise. The price was recently 3.70 well above its 50 day moving average of 3.38.

The trust has a positive investor following with CAPS members on Motley Fool voting 43 to 3 that the trust will beat the market with the All Stars in agreement 14 to 1.

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication