Friday, July 3, 2015

Primo Water - Sell Signals

Today I deleted Primo Water (PRMW) from the Barchart Van Meerten Speculative portfolio for negative price momentum:


Barchart technical indicators:
  • 32% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 13.82% off its recent high
  • Relative Strength Index 32.69%
  • Recently traded at 5.55 which is below its 50 day moving average of 5.93


Thursday, July 2, 2015

Skyworks Solutions - Barchart Cahrt of the day

Skyworks Solutions (SWKS) is the Barchart Chart of the Day.  The semiconductor company has a Trend Spotter hold signal, a Weighted Alpha of 110.59+ and gained 119.03% in the last year.


The Chart of the Day belongs to Skyworks Solutions (SWKS).  I found the semiconductor stock by using Barchart to sort the S&P 500 Large Cap Index stocks for the stocks with the highest Weighted Alpha, then used the Flipchart feature to review the charts,

Skyworks Solutions, Inc. is the industry's leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.


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:

  • 8% Barchart technical buy signals
  • Trend Spotter hold signal
  • Below its 20 day moving average but above its 50 and 100 DMA
  • 64 new highs and up 119.03% in the last year
  • Relative Strength Index 47.03%
  • Barchart computes a technical support level at 101.01
  • Recently traded at 104.57 with a 50 day moving average of 102.72
Fundamental facotrs:
  • Market Cap $19.93 billion
  • P/E 26.90
  • Dividend yield .50%
  • Revenue expected to grow 41.20% this year and another 12.80% next year
  • Earnings estimated to increase 58.00% this year, an additional 15.80% next year and continue to compound at an annual rate of 21.28% for the next 5 years
  • Wall Street analysts issued 6 strong by, 12 buy and 4 hold recommendations on the stock
The 20-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

Neothetics - Buy Signals

Today I added Neothetics (NEOT) to the Barchart Van Meerten Speculative portfolio for extremely good upside price momentum.


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 40.73% in the last month
  • Relative Strength Index 75.26
  • Barchart computes a technical support level at 8.05
  • Recently traded at 8.88 with a 50 day moving average of 6.91


AHS and MTG Buy Signals

Today I added AMN Healthcare Services (AHS) and MGIC Investment Corp (MTG) to the Barchart Van Meerten New High portfolio for great upside price momentum.

AMN Healthcare Services (AHS)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 17.76% in the last month
  • Relative Strength Index 78.29%
  • Barchart computes a technical support level at 30.12
  • Recently traded at 31.43 with a 50 day moving average of 26.89


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 5.48% in the last month
  • Relative Strength Index 59.55%
  • Barchart computes a technical support level at 11.08
  • Recently traded at 11.35 with a 50 day moving average of 10.90





BARCHART MORNING CALL 7/2

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 +0.14%) are up +0.18% and European stocks are unchanged before the release of U.S. Jun payroll data. Greek Finance Minister Varoufakis said he would resign if his country votes in a referendum on Jul 5 to accept European Union bailout proposals. This signals that if Greece votes in favor of the referendum, it could lead to the collapse of the current Tsipras government and the possibility of new elections. Recent polls suggest the vote is too close to call. Asian stocks closed mixed: Japan +0.95%, Hong Kong +0.12%, China -3.48%, Taiwan +0.04%, Australia +1.53%, Singapore -0.10%, South Korea +0.17%, India -0.27%. Chinese stocks remain weak after the Shanghai Composite tumbled to a 3-month low as margin traders continue to liquidate losing stock positions. The Shanghai Composite has now fallen 24% from its 7-1/3 year high on June 12.
Commodity prices are mixed. Aug crude oil (CLQ15 +0.39%) is up +0.46%, Aug gasoline (RBQ15 +1.74%) is up +1.44%. Metals prices are mixed. Aug gold (GCQ15 -0.83%) is down -0.66% at a 3-month low on speculation today's U.S. Jun non-farm payroll data will support the prospects for a Fed interest rate increase. Sep copper (HGU15 -0.06%) is up +0.11%. Agricultural prices are mostly lower.
The dollar index (DXY00 -0.05%) is down -0.04%. EUR/USD (^EURUSD) is up +0.21%. USD/JPY (^USDJPY) is up +0.28%.

Sep T-note prices (ZNU15 -0.16%) are down -4 ticks.
The ECB on Wednesday left the Emergency Liquidity Assistance that it grants to Greek banks unchanged at 88.6 billion euros, where it has remained since it was last increased on Jun 23. This signals the ECB will wait until the outcome of the Jul 5 referendum in Greece before it decides whether to increase funding to Greek banks or raise of lower the discounts imposed on collateral the Greek banks must use to obtain funds.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) June non-farm payrolls (expected +230,000 after May's +280,000) and the June unemployment rate (expected -0.1 to 5.4% after May's +0.1 to 5.5%), (2) weekly initial unemployment claims (expected -1,000 to 270,000 after last week's +3,000 to 271,000) and continuing claims (expected -11,000 to 2.236 million after last week's +22,000 to 2.247 million), (3) June New York ISM (May was -4.1 to 54.0), (4) May factory orders (expected -0.5% after April's -0.4%), and (5) May factory orders (expected -0.5% after April's -0.4%), and (5) USDA weekly Export Sales.
None of the Russell 1000 companies report earnings today.
U.S. IPO's scheduled to price today include: none.
Equity conferences during the remainder of this week: none.
OVERNIGHT U.S. STOCK MOVERS
CME Group (CME +0.70%) reported that June contracts traded per day were up 15% y/y to 14.6 million.
HealthSouth (HLS +0.87%) was upgraded to 'Outperform' from 'Market Perform' at JMP Securities.
ConAgra (CAG +2.01%) was upgraded to 'Overweight' from 'Equal Weight' at Morgan Stanley.
Ryerson (RYI +5.49%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Kosmos (KOS -5.93%) was upgraded to 'Outperform' from 'Market Perform' at BMO Capital.
Babcock & Wilcox (BW +2.05%) was initiated with a 'Buy' at UBS with a price target of $25.
WestRock (WRK) was initiated with a 'Buy' at Goldman Sachs with a price target of $73.
Regal Entertainment (RGC -0.53%) was upgraded to 'Neutral' from 'Sell' at B. Riley.
AstraZeneca (AZN +1.46%) was upgraded to 'Buy' from 'Hold' at Berenberg.
T-Mobile (TMUS -0.36%) was initiated with a 'Buy' at Buckingham with a price target of $50.
AT&T (T +0.14%) was initiated with a 'Buy' at Buckingham with a price target of $41.
Family Dollar (FDO +0.47%) reported Q3 adjusted EPS of 74 cents, below consensus of 82 cents.
Moody's Investors Service downgraded Greece's government bond rating to Caa3 from Caa2 and placed the rating on review for further downgrade.
MARKET COMMENTS
September E-mini S&Ps (ESU15 +0.14%) this morning are up +3.75 points (+0.18%). Wednesday's closes: S&P 500 +0.69%, Dow Jones +0.79%, Nasdaq +0.74%. The S&P 500 on Wednesday closed higher on (1) hopes for an eventual Greek bailout after Greek Prime Minister Tsipras said he's willing to accept most of the Eurozone's reform demands, and (2) signs of U.S. economic strength after the Jun ADP employment rose by +237,000, stronger than expectations of +218,000, and the Jun ISM manufacturing index rose +0.7 to 53.5, stronger than expectations of +0.4 to 53.2 and the fastest pace of expansion 5 months.
Sep 10-year T-notes (ZNU15 -0.16%) this morning are down -4 ticks. Wednesday's closes: TYU5 -22.50, FVU5 -12.50. Sep T-notes Wednesday closed lower on (1) reduced safe-haven demand for T-notes after stocks rallied on signs that Greece may be ready to accept creditor demands for a bailout, and (2) stronger-than-expected Jun ADP employment and Jun ISM manufacturing reports.
The dollar index (DXY00 -0.05%) this morning is down -0.035 (-0.04%). EUR/USD (^EURUSD) is up +0.0023 (+0.21%). USD/JPY (^USDJPY) is up +0.34 (+0.28%). Wednesday's closes: Dollar Index +0.825 (+0.86%), EUR/USD -0.00864 (-0.78%), USD/JPY +0.677 (+0.55%). The dollar index on Wednesday closed higher on the stronger-than-expected U.S. ADP and ISM reports and fears of a "no" in Sunday's Greek referendum that would likely lead to Grexit.
Aug WTI crude oil (CLQ15 +0.39%) this morning is up +26 cents (+0.46%). Aug gasoline (RBQ15 +1.74%) is up +0.0289 (+1.44%). Wednesday's closes: CLQ5 -2.50 (-4.20%), RBQ5 -0.0364 (-1.78%). Aug crude oil and gasoline closed sharply lower on Wednesday with Aug crude at a 5-week low on the unexpected +2.39 million bbl increase in weekly EIA crude inventories, more than expectations of a -2.5 million bbl decline and the first increase in 9 weeks. Gasoline prices found some underlying support after EIA gasoline supplies fell -1.76 million bbl to a 7-month low of 216.7 million bbl, a bigger decline than expectations of -250,000 bbl.
GLOBAL EVENT CALENDAR07/02/2015
US0830 ETJun non-farm payrolls expected +230,000, May +280,000. Jun private payrolls expected +225,000, May +262,000. Jun manufacturing payrolls expected +6,000, May +7,000. Jun unemployment rate expected -0.1 to 5.4%, May +0.1 to 5.5%.
0830 ETJun avg hourly earnings expected +0.2% m/m and +2.3% y/y, May +0.3% m/m and +2.3% y/y. Jun avg weekly hours all employees expected unch at 34.5 hours.
0830 ETWeekly initial unemployment claims expected -1,000 to 270,000, previous +3,000 to 271,000. Weekly continuing claims expected -11,000 to 2.236 million, previous +22,000 to 2.247 million.
0830 ETUSDA weekly Export Sales.
0945 ETJun New York ISM, May -4.1 to 54.0.
1000 ETMay factory orders expected -0.5%, Apr -0.4%. May factory orders ex-transportation, Apr unch.
1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion), and 30-year T-bonds (previous $13 billion) to be auctioned Jul 7-9.
UK0200 ETUK Jun nationwide house prices expected +0.5% m/m and +4.5% y/y, May +0.3% m/m and +4.6% y/y.
0430 ETUK Jun Markit/CIPS construction PMI expected +0.6 to 56.5, May 55.9.
EUR0500 ETEurozone May PPI expected +0.1% m/m and -2.0% y/y, Apr -0.1% m/m and -2.2% y/y.
JPN2135 ETJapan Jun Markit composite PMI, May 51.6.
CHI2145 ETChina Jun Markit composite PMI, May 51.2.
U.S. STOCK CALENDAR07/02/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
Bed Bath & Beyond IncBBBY US9:00Annual General MeetingY 2015
Freescale Semiconductor LtdFSL US9:00Extraordinary Shareholders Meeting - M&A VoteY 2015
Equifax IncEFX USInvestor Meeting - New YorkY 2015
AutoNation IncAN USJune 2015 Sales and Revenue Release2015
Delta Air Lines IncDAL USJune 2015 Sales and Revenue Release - Traffic Results2015
Kraft Foods Group IncKRFT USExtraordinary Shareholders MeetingY 2015

Wednesday, July 1, 2015

USASA Health Sciences - All Time High

USANA Health Sciences (USNA) is the Barchart Chart of the Day.  The medical drugs company has a Trend Spotter buy signal, a Weighted Alpha of 75.87+ and gained 80.36% in the last year.

The Chart of the Day belongs to USANA Health Sciences (USNA).  I found the medical drugs stock by using Barchart to sort today's All Time High list for the stock with the highest technical buy signals, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 5/6 the stock gained 1.98%.

USANA Health Sciences Inc. develops and manufactures high-quality nutritional, personal care and weight management products. The company's three primary product lines consist of nutritional, personal care and weight management products. The company's products are distributed primarily through a network marketing system.


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% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 11.08% in the last month
  • Relative Strength Index 68.56%
  • Barchart computes a technical support level at 132.65
  • Recently traded at 143.76 with a 50 day moving average of 129.92
Fundamental factors:
  • Market Cap $1.82 billion
  • P/E 23.26
  • Revenue expected to grow 10.90% this year and another 8.60% next year
  • Earnings estimated to increase 19.60% this year, an additional 14.80% next year and continue to compound at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts issued 3 hold recommendation on the stock
The 100 day moving average vs, price has been a reliable technical trading strategy for this stock and should continue to be used.

Tuesday, June 30, 2015

Alder Biopharmaceuticals - All Time High

Alder Biopharmaceuticals (ALDR) is the Barchart Chart of the Day.  The bio medical company has a Trend Spotter buy signal, a Weighted Alpha of 145.50+ and gained 163.63% in the last year.

The Chart of the Day belongs to Alder Biopharmaceuticals (ALDR).  I found the bio medical stock when I used Barchart to sort the All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 5/6 the stock gained 88.16%.

Alder Biopharmaceuticals Inc. is a clinical-stage biopharmaceutical company. It discovers, develops and seeks to commercialize therapeutic antibodies. It is developing monoclonal antibodies comprising ALD403, for the prevention of migraine; and Clazakizumab, in the treatment of rheumatoid arthritis and psoriatic arthritis. Alder Biopharmaceuticals Inc. is headquartered in Bothell, Washington.


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% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 10 new highs and up 22.44% in the last month
  • Relative Strength Index 68.80%
  • Barchart computes a technical support level at 42.61
  • Recently traded at 52.85 with a 50 day moving average of 38.77
Fundamental factors:
  • Market Cap $1.95 billion
  • Revenue expected to decrease 98.10% this year but increase again by 1,367.30% next year
  • Earnings estimated to decrease by 643.30% this year and decrease again by an additional 14.10% next year
  • Despite this poor projections Wall Street analysts issued 2 strong buy and 1 buy recommendation.
The most reliable technical trading strategy has been the 100 day moving average vs price and should continue to be used.

Major Stocks Weak

Although the Market is up ever so slightly today, as I write this article 56.71% of all stocks are trading below their 100 day moving averages.  We are not in a Market panic mode but some caution is advised.

Today, I'd like to review the numbers on a few of the stock that hold the attention of the readers of Seeking Alpha and Motley Fool:  Ford (F), Citigroup (C), Intel (INTC), Cisco (CSCO) and Google (GOOG). All 5 have a Relative Strength Index below 50%.

Ford (F)


Barchart technical indicators:
  • 80% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 16.94% off its 52 week high
  • Relative Strength Index 44.00%
  • Recently traded at 15.03 which is below its 50 day moving average of 15.39


Barchart technical indicators:
  • Barchart technical Hold signal
  • Trend Spotter sell signal
  • Below its 20 day but above its 50 and 100 day moving averages
  • Only 4.18% off its 52 week high
  • Relative Strength Index 45.77%
  • Recently traded at 55.22 with a 50 day moving average of 54.91
Intel (INTC)


Barchart technical indicators:
  • 88% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 20.22% off its 52 week high
  • Relative Strength Index 31.68%
  • Recently traded at 30.42 which is below its 50 day moving average of 32.48
Cisco (CSCO)


Barchart technical indicators:
  • 88% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 9.47% below its 52 week high
  • Relative Strength Index 29.45
  • Recently traded at 27.47 which is below its 50 day moving average of 28.91
Google (GOOG)


Barchart technical indicators:
  • 96% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 12.66% off its 52 week high
  • Relative Strength Index 40.27%
  • Recently traded at 524.11 which is below its 50 day moving average of 536.26












BARCHART MORNING CALL 6/30

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU15 +0.52%) are up +0.51% and European stocks are down -0.25% at a 1-1/2 week low as the markets attempt to stabilize following Monday's sell-off. European stocks recovered from their lows after an official said European Commission President Juncker set out details to Greece on how it can still reach an accord with creditors. Greek banks and the Athens Stock Exchange remain closed and it is unlikely that Greece will make a $1.7 billion payment due to the IMF today. After midnight, Greece will also no longer be formally under the protection of the European bailout program. Asian stocks closed higher: Japan +0.63%, Hong Kong +1.09%, China +5.53%, Taiwan +0.94%, Australia +0.67%, Singapore +1.13%, South Korea +0.40%, India +0.49%.
Commodity prices are mixed. Aug crude oil (CLQ15 +0.57%) is up +0.60%, Aug gasoline (RBQ15 +1.06%) is up +0.97%. Metals prices are lower. Aug gold (GCQ15 -0.55%) is down -0.51%. Sep copper (HGU15 -1.12%) is down -1.04%. Agricultural prices are mixed.
The dollar index (DXY00 +0.40%) is up +0.47%. EUR/USD (^EURUSD) is down -0.53%. USD/JPY (^USDJPY) is down -0.12% at a fresh 1-month low.

Sep T-note prices (ZNU15 -0.11%) are down -3 ticks.
All eyes will be on the ECB if Greece is unable to pay its $1.7 billion debt payment due to the IMF by midnight tonight. The ECB has already pumped 89 billion euros of Emergency Liquidity Assistance into Greece and ECB may withdraw its lifeline to Greece's banks if it misses the IMF debt payment. ECB Executive Board member Coeure told the Les Echos newspaper that "Greece's exit from the Eurozone, which was a theoretical point, can unfortunately no longer be excluded."
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) Jun Milwaukee ISM (May was -0.38 to 47.70), (2) Apr S&P/CaseShiller composite-20 home price index (expected +0.80% m/m and +5.50% y/y after March's +0.95% m/m and +5.04% y/y), (3) June Chicago PMI (expected +3.8 to 50.0 after May's -6.1 to 46.2), and (4) June U.S. consumer confidence index from the Conference Board (expected +2.0 to 97.4 after May's +1.1 to 95.4).
There is one of the Russell 1000 companies reports earnings today: ConAgra Foods (consensus $0.59).
U.S. IPO's scheduled to price today include: LoanCore Realty Trust (LCRT), ConforMIS (CFMS), Teladoc (TDOC), Ardelyx (ARDX), NovaBay Pharmaceuticals (NBY).
Equity conferences this week include: Nasdaq Investor Program Conference on Tue
OVERNIGHT U.S. STOCK MOVERS
J.B. Hunt (JBHT -0.92%) will replace Integrys Energy (TEG -1.43%) in the S&P 500 as of the close of trading today.
Baxalta (BXLT) will replace QEP Resources (QEP -1.18%) in the S&P 500 as of the close of trading today.
CoreLogic (CLGX -3.54%) was upgraded to 'Overweight' from 'Equal Weight' at Stephens.
Sysco (SYY -2.16%) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Jamex reported a 9.5% passive stake in Ferrellgas Partners LP (FGP -2.63%) .
Advanced Micro Devices (AMD -5.26%) rose over 3% in after-hours trading after KitGuru reported that Microsoft is interested in buying the chipmaker.
Springleaf (LEAF -3.66%) was initiated with a 'Buy' at Guggenheim witha price target of $56.
Tallgrass Energy (TEP -1.77%) was initiated with a 'Buy' at Evercore ISI with a price target of $56.
PG&E (PCG -0.74%) was initiated with a 'Buy' at Mizuho witha price target of $56.
Boot Barn (BOOT -3.22%) was initiated with a 'Buy' at B. Riley with a price target of $35.
Blue Ridge Capital reported an 8.32% passive stake in Fitbit (FIT -4.23%) .
Apollo Education (APOL -4.95%) reported Q3 EPS ex-items of 53 cents, better than consensus of 47 cents.
CHC Group (HELI -8.33%) reported a Q4 EPS loss of -55 cents, a wider loss than consensus of -44 cents.
Juno ({=JUNO surged over 50% in after-hours trading after the company announced a 10-year immunotherapy collaboration with Celgene (CELG -2.55%) .
MARKET COMMENTS
September E-mini S&Ps (ESU15 +0.52%) this morning are up +10.50 points (+0.51%). Monday's closes: S&P 500 -2.09%, Dow Jones -1.95%, Nasdaq -2.33%. The S&P 500 on Monday tumbled to a 2-1/2 month low and closed sharply lower on the Greek crisis and fears of contagion. Stocks received some underlying support from the 25 bp rate cut by the Chinese central bank on Saturday, which was an attempt to boost the Chinese economy and halt the 20% plunge in the Chinese stock market.
Sep 10-year T-notes (ZNU15 -0.11%) this morning are down -3 ticks. Monday's closes: TYU5 +1-06/32, FVU5 +20.75. Sep T-notes on Monday jumped to a 3-1/2 week high on increased safe-haven demand with the Greek crisis and the sharp sell-off in U.S. and European stocks, along with ideas that the Fed may need to delay its rate hike due to the Greek crisis.
The dollar index (DXY00 +0.40%) this morning is up +0.445 (+0.47%). EUR/USD (^EURUSD) is down -0.0060 (-0.53%). USD/JPY (^USDJPY) is down -0.15 (-0.12%) at a 1-month low. Monday's closes: Dollar Index -0.682 (-0.71%), EUR/USD +0.00699 (+0.63%), USD/JPY -1.351 (-1.09%). The dollar index fell back from a 3-week high and closed lower despite safe-haven demand tied to the Greek crisis. EUR/USD rallied back from heavy losses on talk that the ECB may front-load its QE program to provide liquidity to European financial markets and prevent contagion of the Greece debt crisis throughout Europe.
Aug WTI crude oil (CLQ15 +0.57%) this morning is up +35 cents (+0.60%). Aug gasoline (RBQ15 +1.06%) is up +0.00194 (+0.97%). Monday's closes: CLQ5 -1.30 (-2.18%), RBQ5 -0.0237 (-1.17%). Aug crude oil and gasoline on Monday closed lower with Aug crude at a 3-week low as the Greek crisis suggested weaker energy demand in Europe. Crude oil prices were also undercut by positive comments by EU foreign policy chief Mogherini, who said that diplomats are "close to a deal" to curb Iran's nuclear program, which may lead to an increase in Iranian crude exports if economic sanctions against Iran are reduced.
GLOBAL EVENT CALENDAR06/30/2015
US0900 ETJun Milwaukee ISM, May -0.38 to 47.70.
0900 ETApr S&P/CaseShiller composite-20 home price index expected +0.80% m/m and +5.50% y/y, Mar +0.95% m/m and +5.04% y/y.
0945 ETJun Chicago PMI expected +3.8 to 50.0, May -6.1 to 46.2.
1000 ETJun consumer confidence (Conference Board) expected +2.0 to 97.4, May +1.1 to 95.4.
1200 ETUSDA Q2 Quarterly Stocks and Acreage report.
JPN0000 ETJapan May vehicle production, Apr -7.5% y/y
0100 ETJapan May construction orders, Apr -12.1% y/y.
0100 ETJapan May housing starts expected +5.5% y/y to 915,000 annualized, Apr +0.4% y/y to 913,000 annualized.
1950 ETJapan Q2 Tankan large manufacturing business conditions expected unch at 12, Q1 unch at 12.
2135 ETRevised Japan Jun Markit manufacturing PMI.
GER0200 ETGerman May retail sales expected unch m/m and +2.8% y/y, Apr +1.3% m/m and +1.0% y/y.
0355 ETGerman Jun unemployment change expected -5,000, May -6,000. Jun unemployment rate expected unch at 6.4%.
UK0430 ETRevised UK Q1 GDP expected +0.4% q/q and +2.5% y/y, previous +0.3% q/q and +2.4% y/y.
0430 ETUK Apr index of services expected +0.3% m/m and +0.5% 3-mo/3-mo, Mar +0.1% m/m and +0.4% 3-mo/3-mo.
0430 ETUK Jun Lloyds business barometer, May 55.
EUR0500 ETEurozone Jun CPI estimate expected +0.2% y/y, May +0.3% y/y. Jun core CPI expected +0.8% y/y, May +0.9% y/y.
0500 ETEurozone May unemployment rate expected unch at 11.1%,
CHI2100 ETChina Jun manufacturing PMI expected +0.2 to 50.4, May 50.2. Jun non-manufacturing PMI, May 53.2.
U.S. STOCK CALENDAR06/30/2015
CompanyTickerTimeEvent DescriptionPeriodEstimate
ConAgra Foods IncCAG US7:30Q4 2015 Earnings ReleaseQ4 20150.59
ConAgra Foods IncCAG US9:30Q4 2015 Earnings CallQ4 2015
Endurance Specialty Holdings LtdENH US9:30Extraordinary Shareholders MeetingY 2015
Energizer Holdings IncENR USAft-mktEnergizer Holdings Inc. Replaces Harsco Corp. in S&P MidCap 400
Isis Pharmaceuticals IncISIS US17:10Annual General MeetingY 2015
Marvell Technology Group LtdMRVL US19:00Annual General MeetingY 2015
Apple IncAAPL USApple's Debut of Apple Music" Streaming Service"
Brookdale Senior Living IncBKD USAnnual General Meeting

Monday, June 29, 2015

BOFI Holdings - All Time High

BOFI Holdings (BOFI) is the Barchart Chart of the Day.  The Internet bank has a Trend Spotter buy signal, a Weighted Alpha of 50.80+ and gained 42.81% in the last year.

The Barchart Chart of the Day Belongs to BOFI Holdings (BOFI).  I found the Internet banking stock by sorting today's All Time High list for the stocks with the best technical buy signals, then used the Flipchart feature to review the stocks.  Since the Trend Spotter signaled a buy on 5/31 the stock gained 14.03%.

Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment.


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% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 13.83% in the last month
  • Relative Strength Index 81.97%
  • Barchart computes a technical support level at 104.24
  • Recently traded at 107.43 with a 50 day moving average of 96..02
Fundamental factors:
  • Market Cap $1.63 billion
  • P/E 21.39
  • Revenue expected to grow 43.90% this year and another 27.80% next year
  • Earnings estimated to increase 34.80% this year, an additional 29.10% next year and continue to increase at an annual rate of 10.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buy and 2 hold recommendations on the stock.
The 20-100 Day MACD Oscillator has been an extremely good technical trading strategy for this stock and should continue to be used for entry and exit points.