Sell Signals

Today I placed sell orders on the following stocks in my Barchart Van Meerten Speculative portfolio for poor price momentum.  The charts are hourly trading charts for the past month.

Global Cash Access (GCA)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Below its 20, 50 and 100 day moving averages
• 21.70% off its 1 year high
• Relative Strength Index 41.40%

The9 Limited (NCTY)

Barchart technical indicators:

• 64% Barchart technical sell signal
• Below its 20, 50 and 100 day moving averages
• 38.65% off its 1 year high
• Relative Strength Index 37.13%

Nautilis (NLS)

Barchart technical indicators:

• 60% Barchart short term sell signal
• Below its 20 day moving average
• 15.30% off its 1 year high
• Relative Strength Index 41.88%

3 Stocks That are off the Charts

This afternoon I used Bachart to screen the 758 stocks that were hitting new highs in the last 30 days to find the 3 with off the chart technicals and found Novavax (NVAX), Core-Mark Holdings (CORE) and AEP Industries (AEPI). These are hourly trading charts for the last month:

Novavax (NVAX)

Barchart technical indicators:

• 96% Brachart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 19 new highs and up 68.03% in the last month
• Relative Strength Index 88.31%
• Barchart computes a technical support level at 1.85
• Recently traded at 2.06 with a 50 day moving average of 1.40

Core-Mark Holdings (CORE)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 15.87% in the last month
• Relative Strength Index 77.49$
• Barchart computes a technical support level at48.02
• Recently traded at 49.43 with a 50 day moving average of 44.18

AEP Industries (AEPI)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 27.51% in the last month
• Relative Strength Index 94.07
• Barchart computes a technical support level at 45.36
• Recently traded at 46.77 with a 50 day moving average of 37.69

3 Best NASDAQ 100 technical stocks

This morning I used Barchart to screen the NASDAQ 100 Index stocks to find the 3 with what I feel are the best current technical indicators and found Amgen (AMGN), Stericycle (SRCL) and Vodafone (VOD):

Amgen (AMGN)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 11 new highs and up 11.60% in the last month
• Relative Strength Index 65.79%
• Barchart computes a technical support level at 73.71
• Recently traded at 76.67 with a 50 day moving average of 73.44

Stericycle (SRCL)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 6.11% in the last month
• Relative Strength Index 65.79%
• Barchart computes a technical support level at 90.89
• Recently traded at 92.91 with a 50 day moving average of 87.50

Vodafone (VOD)

Barchart technical indicators:

• 80% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 4.80% in the last month
• Relative Strength Index 27.82%
• Barchart computes a technical support level at 27.00
• Recently traded at 28.48 with a 50 day moving average of 27.46

Barchart's Morning Call 7/13

Barchart Morning Call

BC - 2 hrs 28 mins ago

Overnight Developments

• Sep E-mini S&Ps are trading +0.36% on higher European stocks (+0.76%) and on hopes for more Chinese stimulus after the slightly weaker-than-expected Chinese Q2 GDP report of +7.6% y/y. The markets were relieved that the Chinese Q2 GDP report was just slightly below expectations of +7.7%. The markets are shaking off Moody's downgrade of Italian debt. Commodity prices are up by an average of 1.0% today. Crude oil is up 1.18%, gold is up 1.19%, copper is up +1.90%, and agricultural commodities are trading mostly higher. The dollar index this morning is little changed. Sep 10-year T-notes are down 0.5 tick.
• Asian stocks today closed mostly higher: Japan +0.05%, Hong Kong +0.35%, China +0.06%, Taiwan -0.37%, Australia +0.35%, Singapore +0.79%, South Korea +1.75%, India -0.11%, Turkey +0.76%.
• JPMorgan Chase this morning restated its Q1 net income downward by $459 million to $4.92 billion from $5.38 billion after saying that losses from the troubled CIO department were larger than earlier thought in Q1 and that traders may have tried to hide the losses. JPMorgan reported Q2 net income of $4.96 billion or $1.21 per share. The CIO trading loss was reported at $4.4 billion, which was a bit larger than market expectations of $4 billion. Q2 earnings excluding accounting adjustments were $1.09 per share.
• China's Q2 real GDP report of +7.6% y/y was slightly weaker than market expectations of +7.7% y/y and was down from +8.1% in Q1. The weak report caused market participants to step up expectations for further growth measures from the Chinese government.
• The other Chinese economic reports released last night either matched or were stronger than market expectations. June retail sales eased to +13.7% y/y from +13.8% in May but was stronger than market expectations of +13.4%. June fixed asset investment (excluding rural) was reported at +20.4% year-to-date, which was up from +20.1% in May and higher than the market consensus of +20.0%. June industrial production eased to +10.5% from +10.7% in May and was in line with market expectations.
• Moody's last night cut Italy's bond rating by two steps to Baa2 from A3 and put the country on negative outlook, saying that a further downgrade is possible. That was just two steps above junk and one step higher than Spain. Italian bond prices fell on the news and the 10-year Italian bond yield rose by 12 bp to 6.01%, moving back above the 6.00% threshold. Italian 5-year credit default swap prices rose by 18 bp to 521 bp today as the cost of insuring against a sovereign default rose. The rating downgrade was made because Italy faces higher funding costs, slower growth, and contagion risk from Greece and Spain. Moody's said, "Italy's near-term economic outlook has deteriorated, as manifest in both weaker growth and higher unemployment, which creates risk of failure to meet fiscal consolidation targets. Failure to meet fiscal targets in turn could weaken market confidence further, raising the risk of a sudden stop in market funding." Italy today was able to successfully sell a range of securities despite the downgrade.
  Market Comments
  • Sep E-mini S&Ps this morning are trading +4.75 points (+0.36%) on higher European stocks (+0.76%) and hopes for additional Chinese stimulus measures. The US stock market on Thursday closed moderately lower: S&P 500 -0.50%, Dow Jones -0.25%, Nasdaq 100 -1.00%. Bearish factors included (1) general worries about global economic growth and about Thursday night's Chinese Q2 GDP report in particular, (2) expectations for a decline in earnings in Q2 as earnings reports start in earnest next week, and (3) carry-over weakness from Wednesday's FOMC minutes in which it was clear that there is little support for QE3 on the Committee.
  • Sep 10-year T-notes this morning are down 0.5 tick with the higher trade in S&Ps. T-note prices on Thursday closed slightly lower: TYU2 +2, FVU2 +0.5. Bullish factors included (1) safe-haven demand tied to the stock market sell-off and the small 5 bp rise in the Spanish bond yield, and (2) the conclusion of the $66 billion Treasury coupon package with Thursday's 30-year bond being sold at a record low of 2.58%.
  • The dollar index this morning is trading slightly lower by -0.027 (-0.03%). EUR/USD is down -0.0011 (-0.09%) and USD/JPY is down -0.02 (-0.03%). The dollar index on Thursday closed mildly higher: Dollar index +0.25 (+0.30%), EUR/USD -0.0036 (-0.29%), USD/JPY -0.45 (-0.56%). The dollar index on Thursday posted a new 2-year high and EUR/USD edged to a new 2-year low. The dollar index rallied on continued safe-haven demand as global stocks fell and as the Spanish 10-year bond yield rose by 5 bp to 6.59%.
  • Aug WTI crude oil prices this morning are up +1.02 (+1.18%) and Aug gasoline is up +0.0072 (+0.26%) on hopes for additional Chinese stimulus measures. Crude oil and gasoline prices on Thursday closed higher: CLQ2 +0.27 (+0.31%), RBQ2 +0.0373 (+1.35%). Bullish factors included (1) carry-over support from Wednesday's news that that U.S. oil inventories fell by more than 4 million barrels for the second consecutive week, suggesting that oil inventories are finally headed lower on a sustained basis due to the high operating rate for U.S. refineries, and (2) the Obama administration's announcement that it is targeting more Iran companies with sanctions that provide a front for weapons and oil sales.
  • 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): WFC-Wells Fargo (Consensus $0.81), JPM-JPMorgan Chase (0.76), WBS-Webster Financial (0.44).
    Global Financial Calendar
    

    Friday 7/13/12
    United States
    0830 ET	June PPI expected -0.4% m/m and +0.2% y/y, May -1.0% m/m and +0.7% y/y. June core PPI expected +0.2% m/m and +2.6% y/y, May +0.2% m/m and +2.7% y/y.
    0955 ET	Early-July U.S. consumer confidence (University of Michigan) expected +0.3 to 73.5, June -6.1 to 73.2.
    1320 ET	Fed's Lockhart speaks on U.S. economy in Jackson, MS.
    Japan
    0030 ET	Japan final-May industrial production, prelim-May -3.1% m/m and +6.2% y/y. Final-May capacity utilization, prelim-May -0.6% m/m.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Camden Property Trusts - CPT_ Brachart's Chart of the Ady

Barchart.coms Chart of the Day - Camden Property Trust (CPT)

Barchart Research Team - BC - Thu Jul 12, 4:10PM CDT

Related Stocks

CPT - Camden Property Trust

Sym	Last	Chg	Pct
CPT	70.30	+0.75	+1.08%

The "Chart of the Day" is Camden Property Trust (CPT), which showed up on Thursday's Barchart "52-Week High" list. Camden Property Trust on Thursday posted a new 5-year high of 69.87 and closed up 1.47%. TrendSpotter has been long since June 29 at $67.67. In recent news on the stock, Camden on April 26 reported Q1 funds from operations at 83 cents, above the consensus of 80 cents. Camden Property Trust (CPT), with a market cap of $5.5 billion, is a real estate investment trust that owns and manages multi-family apartment communities in the Southwest and Mountain regions of the United States.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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 Good Small Caps

I used Barchart to screen the S & P 600 Small Cap Index stocks to find 3 with good positive momentum and great technicals and found SouthWest Gas (SWX), Sovian Self Storage (SSS) and American States Water (AWR):

SouthWest Gas (SWX)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 2.81% in the last month
• Relative Strength Index 67.58%
• Barchart computes a technical support level at 44.54
• Recently traded at 44.94 with a 50 day moving average of 43.02

Sovian Self Service (SSS)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 9.71% in the last month
• Relative Strength Index 68.32%
• Barchart computes a technical support level at 52.60
• Recently traded at 53.55 with a 50 day moving average of 58.84

American States Water (AWR)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 10.87% in the last month
• Relative Strength Index 79.20%
• Barchart computes a technical support level at 40.87
• Recently traded at 41.52 with a 50 day moving average of 39.29

Ross Stores - ROST - Growsth Potential

From my Growth Potential watch list on Barchart Portfolio Blogs, let's take a quick look at Ross Stores (ROST)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 14.55% in the last quarter
• Relative Strength Index 57.15%
• Barchart computes a technical support level at 66.05
• Recently traded at 66.69 with a 50 day moving average of 65.64

Fundamental factors:

• Followed by 23 Wall Street brokerage firms
• Revenue projected to grow by 11.10% this year and 6.80% next year
• Earnings estimated to grow by 19.60% this year, 11.70% next year and continue at an annual rate of 13.42% for the next 5 years
• Analysts have issued 9 strong buy, 1 buy and 13 hold recommendation with no sell or under perform reports
• Analysts look for a total annual return in the 10% - 12% range
• A rated balance sheet

Conclusion:  This is a 10-10-10 stock.  Revenue, earnings and total return all expected to increase by at least 10% with an A rated balance sheet.

3 Best Mid Caps

This morning I used Barchart to screen the S & P 400 Mid Cap Index stocks to find the 3 with the best technicals and found Apollo Investments (AINV), Alleghany (Y), and Aqua America (WTR).  Consider these stocks for your watch lists.

Apollo Investments (AINV)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• Up 4.88% in the last month
• Relative Strength Index 68.67%
• Barchart computes a technical support level at 7.88
• Recently traded at 7.95 with a 50 day moving average of 7.38

Alleghany (Y)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 4.12% in the last month
• Relative Strength Index 61.83%
• Barchart computes a technical support level at 338.91
• Recently trade at 342.18 with a 50 day moving average of 333.54

Aqua America (WTR)

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 8.40% in the last month
• Relative Strength Index 81.82%
• Barchart computes a technical support level at 25.71
• Recently traded at 26.08 with a 50 day moving average of 23.67

Barchart's Morning Call 7/11

Barchart Morning Call

BC - 20 mins ago

Overnight Developments

• Sep E-mini S&Ps are trading +0.41% on the higher trade in European stocks (+0.48%) and on Chinese Premier Wen Jiabao's statement calling for more investment. Commodity prices are higher by an average +0.60% this morning with crude oil up +1.50%, Gold down -0.09%, copper up +0.44%, and agricultural products trading higher across the board. The dollar index is down -0.33% and EUR/USD is up +0.35%. Sep 10-year T-notes are down -5 ticks.
• Asian stocks today closed mixed: Japan -0.08%, Hong Kong +0.12%, China +0.78%, Taiwan +0.09%, Australia -0.04%, Singapore +0.83%, South Korea -0.22%, India -0.73%, Turkey +0.14%. Asian stocks were supported by hopes for additional Chinese growth measures but were undercut by Tuesday's sell-off in U.S. stocks on concern about earnings.
• The European debt crisis eased a bit today with the Spanish 10-year bond yield falling by 2 bp to 6.75% and the Italian 10-year bond yield falling by 5 bp to 5.89%. Spanish Prime Minister Rajoy today announced a new austerity package of tax increases and spending cuts totaling 65 billion euros to keep the government on track with its deficit reduction program.
• Chinese Premier Wen Jiabao said today in a statement on a government website that promoting investment growth is the key to stabilizing China's economy. He said, "Growth-stabilizing policies include boosting consumption and diversifying exports, but currently, what is important is to promote a reasonable growth in investment." The market remains nervous about China's Q2 GDP report, which is scheduled to be released Thursday night and is expected to ease to +7.7% y/y from +8.1% y/y in Q1.
• Japan's June machine tool orders report fell to -15.5% y/y from -3.0% y/y in May.
• Germany's final-June CPI was left unrevised from the preliminary June report at -0.2% m/m and +1.7% y/y.
• China's June wholesale deliveries of passsenger vehicles rose +16.% y/y to 1.28 million vehicles, which was slightly stronger than market expectations of 1.27 million vehicles. June total vehicle sales rose +9.9% y/y to 1.58 million units.
  Market Comments
  • Sep E-mini S&Ps are trading +5.50 points (+0.41%) on Chinese Premier Wen Jiabao's statement about additional investment and on this morning's higher trade in European stocks (+0.48%) with the small decline in Spanish and Italian bond yields. The US stock market on Monday closed moderately lower: S&P 500 -0.81%, Dow Jones -0.65%, Nasdaq 100 -0.95%. The stock market fell mostly on worries that Q2 earnings will be disappointing due to weak global economic growth. The slide was limited by bullish factors that included a 25 bp drop in the Spanish bond yield and stronger-than-expected UK and Italian industrial production reports.
  • Sep 10-year T-notes this morning are trading -5 ticks on the higher trade in E-mini S&Ps. T-note prices on Tuesday closed slightly higher: TYU2 +2.5, FVU2 +0.75. T-note prices closed higher on the decline in U.S. stocks and on ongoing worries about global economic growth.
  • The dollar index this morning is trading -0.0279 (-0.33%) while EUR/USD is up +0.0043 (+0.35%) on the slight decline in Spanish and Italian yields and the +0.48% rally in European stocks. USD/JPY is down -0.20 (-0.25%) with the yen seeing some support from expectations that the BOJ at its 2-day meeting that began today will not further ease monetary policy. The dollar index on Tuesday closed mildly higher: Dollar index +0.235 (+0.28%), EUR/USD -0.0063 (-0.51%), USD/JPY -0.23 (-0.29%). The dollar index on Tuesday gained from technical strength with a new 1-month high and from longer-term factors such as the better performance of the U.S. economy relative to Europe. EUR/USD fell -0.51% even though the Spanish 10-year bond yield fell by 25 bp to 6.77% after Eurozone finance ministers late Monday night agreed on a Spanish bank bailout plan and said that the Spanish government will not be forced to make guarantees when the ESM bailout facility starts providing bailout capital to banks late this year or early next year. EUR/USD was undercut by the outside possibility that the German Constitutional Court could block all or part of Germany's ratification of the ESM and the fiscal pact.
  • Aug WTI crude oil prices this morning are up +$1.26 (+1.50%) on the weaker dollar, but Aug gasoline is down -0.0029 (-0.11%). The market is looking ahead to today's weekly DOE report. Crude oil and gasoline prices on Tuesday closed lower: CLQ2 -2.08 (-2.42%), RBQ2 -0.0125 (-0.45%). Bearish factors included (1) the end of the Norwegian oil workers strike due to the back-to-work order by the Norwegian government, and (2) the U.S. DOE's 4.1% cut in its 2012 average oil price forecast to $92.83 from its June forecast of $96.80 based on the weaker economic outlook. The DOE cut its 2012 global oil demand estimate to 88.64 million barrels from its 88.78 million estimate in June. The market consensus for today's weekly DOE report is for a 1.48 million barrel decline in crude oil inventories, a 500,000 barrel increase in gasoline inventories, a 625,000 barrel increase in distillate inventories, and a 0.5 point increase in the refinery utilization rate to 92.5% of capacity from 92.0% in the previous week.
  • 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): SCHW-Schwab (Consensus $0.18), MAR-Marriott (0.42).
    Global Financial Calendar
    

    Wednesday 7/11/12
    United States
    0700 ET	Weekly MBA mortgage applications, previous -6.7% with purchase sub-index +0.6% and refi sub-index -8.4%.
    0830 ET	May U.S. trade deficit expected -$48.5 bln, Apr -$50.1 bln.
    1000 ET	May wholesale inventories expected +0.3%, Apr +0.6%.
    1030 ET	DOE Weekly Petroleum Status Report.
    1300 ET	Treasury auctions $21 billion in 10-year T-notes.
    1400 ET	FOMC June 19-20 meeting minutes.
    1540 ET	Fed's Williams speaks in Portland, Oregon.
    Germany
    0200 ET	German final-June CPI expected unrevised from prelim -0.1% m/m and +1.7% y/y. Final-June final EU-harmonized CPI expected unrevised from prelim of -0.2% m/m and +2.0% y/y.
    Japan
    0200 ET	Japan June machine tool orders, May -3.0% y/y.
    n/a	BOJ July 11-12 policy meeting.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Target - TGT - Barchart Chart of the Day

Barchart.coms Chart of the Day - Target Corp (TGT)

Barchart Research Team - BC - Tue Jul 10, 6:43PM CDT

Related Stocks

TGT - Target Corp.

Sym	Last	Chg	Pct
TGT	59.23	+1.19	+2.05%

The "Chart of the Day" is Target Corp (TGT), which showed up on Tuesday's Barchart "52-Week High" list. Target on Tuesday posted a new 1-1/2 year high of $59.49 and closed up +2.05%. TrendSpotter has been long since May 25 at $57.26. In recent news on the stock, Target management on July 5 said that the company was on track to deliver Q2 sales and adjusted EPS in line with previous guidance. Target on June 13 raised its quarterly dividend to 36 cents from 30 cents per share. Target Corp, with a market cap of $38 billion, operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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: 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

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