Tuesday, September 2, 2014

Whiting Petroleum - Barchart's Chart of the Day

Whiting Pertoleum (WLL) is the Barchart Chart of the Day. The independent oil and gas company has a Trend Spotter buy signal, a Weighted Alpha of 84.50+ and gained 79.05% in the last year,

The Chart of the Day belongs to Whiting Petroleum (WLL).  I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/25 the stock gained 1.91%.

Whiting Petroleum is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.


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
  • 5 new highs and up 5.45% in the last month
  • Relative Strength Index 65.86%
  • Barchart computes a technical support level at 89.35
  • Recently traded at 92.66 with a 50 day moving average of 85.11
Fundamental factors:
  • Market Cap $11.02 billion
  • P/E 19.58
  • Revenue expected to grow 19.90% this year and another 55.10% next year
  • Earnings estimated to increase 26.50% this year, an additional 15.60% next year and continue to increase at an annual rate of 16.26% for the next 5 years
  • Wall Street analysts issued 13 strong buy, 14 buy and 5 hold recommendations on the stock.
Watch the 50 and 100 day moving averages for caution and sell signals.

Friday, August 29, 2014

Avago Technologies - Barchart's Chart of the Day

The Barchart Chart of the Day is Avago Technologies (AVGO).  The semiconductor company has a Trend Spotter buy signal, a Weighted Alpha of 110.27+ , gained 115.67% in the last year and paid a 1.52% dividend.

The Chart of the Day belongs to Avago Technologies (AVGO).  I found the stock by sorting the New High List for the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/14 the stock gained 11.69%.

AVGO is engaged in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Its product portfolio comprises RF power amplifiers, RF filters, RF front end modules, ambient light sensors, low noise amplifiers, proximity sensors, multimarket-wave mixers, diodes, fiber optic transceivers, serializer/deserializer ASICs, optical laser and receiver components, motion control encoders and subsystems, optocouplers, LEDs, and industrial fiber optics. The company’s products are used in cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, data communications, smart phones, base stations, core routing and transport, in-car infotainment, motor controls, factory automation, displays and lighting, power isolation, power conversion, and renewable energy systems applications. It markets its products through a network of distributors and its direct sales force worldwide. The company sells products to original equipment manufacturers of wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals markets.


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 18.15% in the last month
  • Relative Strength Index 81.02%
  • Barchart computes a technical support level at 74.39
  • Recently traded at 82.52 with a 50 day moving average of 73.15
Fundamental factors:
  • Market Cap $20.62 billion
  • P/E 25.56
  • Dividend yield 1.52%
  • Revenue expected to grow 66.00% this year and another 36.00% next year
  • Earnings estimated to increase 38.80% this year, an additional 30.70% next year and continue to increase at an annual rate of 27.72% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 13 buy and 5 hold recommendations on the stock.
Good steady price appreciation by recent upgrades may have caused the stock o jump to fast.  If you have it you want to watch the 50 and 100 day moving averages for weakness and exit points.

Thursday, August 28, 2014

Biodelivery Sciences International - Barchart's Chart fo the Day

Biodelivery Sciences International is the Barchart Chart of the Day. The pharmaceutical preparation company has a Trend Spotter buy signal, a Weighted Alpha of 164.20+ and gained 234.55% in the last year.

The Chart of the Day belongs to Biodelivery Sciences International (BDSI).  I found the stock by sorting the All Time High list to find the stocks with the best technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 7/30 the stock gained 16.02%.

BioDelivery Sciences International (BDSI) is a development-stage biotechnology company that is developing and seeking to commercialize a drug delivery technology designed for a potentially broad base of pharmaceuticals, vaccines and over-the-counter drugs. In general, a drug delivery technology refers to any process, substance, or combination thereof, that delivers drugs into the body.


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 24.22% in the last month
  • Relative Strength Index 71.18%
  • Barchart computes a technical support level at 14.51
  • Recently traded at 15.66 with a 50 day moving average of 13.05
Fundamental factors:
  • Market Cap $758.73 million
  • Revenue expected to grow 319.20% this year and another 73.30% next year
  • Earnings estimated to increase 55.60% this year and an additional 114.90% next year
  • Wall Street analysts issued 4 strong buy and 4 buy recommendations on the stock
This stock has gone a long way in a short time so use the 50 day moving average as a caution signal and exit at the 100 day moving average.


S&P 500 12 Month Winners

Hindsight is always best and today's list is the S&P 500 stocks that had the highest price appreciation in the last 12 months.  I used Barchart to sort the S&P 500 Index stocks for the highest price performance in the last year.

Today's list includes Southwest Airlines (LUV), Micron Technology (MU), United States Steel (X), Alcoa (AA) and Delta Airlines (DAL):

Southwest Airlines (LUV) 151.80%


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 99 new highs and up 151.80% in the last year
  • Relative Strength Index 76.48%
  • Barchart computes a technical support level at 31.56
  • Recently traded at 32.23 with a 50 moving average of 28.52
Micron Technology (MU) 150.30%


Barchart technical indicators:
  • 56% Barchart technician buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 59 new highs and up 150.30% in the last year
  • Relative Strength Index 57.16%
  • Barchart computes a technical support level at 32.44
  • Recently traded at 32.99 with a 50 day moving average of 32.41


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 49 new highs and up 116.32% in the last year
  • Relative Strength Index 77.17%
  • Barchart computes a technical support level at 38.06
  • Recently traded at 39.03 with a 50 day moving average of 30.65
Alcoa (AA) 110.98%


Barchart technical indicators:
  • 88% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 52 new highs and up 110.98%
  • Relative Strength Index 61.36%
  • Barchart computes a technical support level at 16.44
  • Recently traded at 16.71 with a 50 day moving average of 15.95
Delta Airlines (DAL) 110.15%


Barchart technical indicators:
  • 80% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 57 new highs and up 100.15% in the last year
  • Relative Strength Index 61.39%
  • Barchart computes a technical support level at 39.63
  • Recently traded at 40.16 with a 50 day moving average of 38.21










BARCHART MORNING CALL 8/28

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU14 -0.24%) this morning are down -0.36% and European stocks are down -1,14% as the crisis in Ukraine escalates after the Ukrainian government said that a counteroffensive being waged by separatists in the eastern part of the country amounts to a Russian invasion. Ukrainian Prime Minister Yatsenyuk issued a plea for international help in defending against Russia's army and that sanctions by the U.S. and the EU aren't working. Russia's Micex Stock Index tumbled nearly 2% and the ruble fell to a 6-month low against the dollar after the U.S. State Department said that "these incursions indicate a Russian-directed counteroffensive is likely underway in Donetsk and Luhansk." A larger-than-expected decline in Eurozone Aug economic confidence to an 8-month low is another negative for European stocks. Asian stocks closed mostly lower: Japan -0.48%, Hong Kong -0.71%, China -0.70%, Taiwan -0.08%, Australia -0.47%, Singapore -0.34%, South Korea +0.12%, India +0.29%. Commodity prices are mixed. Oct crude oil (CLV14 +0.04%) is down -0.12%. Oct gasoline (RBV14 +0.23%) is up +0.07%. Dec gold (GCZ14 +0.84%) is up +0.91% at a 1-week high as escalation of the Ukraine crisis fuels safe-haven buying of gold. Sep copper (HGU14 -0.41%) is down -0.61%. Agriculture and livestock prices are mixed. The dollar index (DXY00 +0.04%) is up +0.10%. EUR/USD (^EURUSD) is down -0.14%. USD/JPY (^USDJPY) is down -0.24%. Sep T-note prices (ZNU14 +0.16%) are up +9 ticks at a 1-week high on carry-over support from a rally in European government bond markets as the 10-year German bund yield fell to a record low 0.866%.
Eurozone Aug economic confidence slipped -1.5 to 100.6, a larger decline than expectations of -0.7 to 101.5 and the weakest in 8 months. The Aug business climate indicator fell -0.1 to 0.16, a smaller drop than expectations of -0.07 to 0.10, but still the lowest in 10 months.
Eurozone Jul M3 money supply rose +1.8% y/y and +1.5% 3-mo avg, higher than expectations of +1.5% y/y and +1.3% 3-mo avg.
German Aug unemployment unexpectedly rose +2,000, more than expectations of a -5,000 decline. The Aug unemployment rate remained unch at 6.7%, right on expectations.
UK Aug CBI reported sales rose +16 to 37, a larger increase than expectations of +6 to 27 and matched Feb's level as the highest in 2 years.
China Jul industrial profits slowed to an increase of +13.5% y/y from the +17.9% y/y pace in Jun.
U.S. STOCK PREVIEW
Today’s weekly initial unemployment claims report is expected to show a small +2,000 increase to 300,000 following last week’s decline of -14,000 to 298,000. Meanwhile, continuing claims are expected to show an increase of +10,000 to 2.510 million after last week’s decline of -49,000 to 2.500 million. Today’s Q2 GDP report is expected to be revised slightly lower to +3.9% from the last estimate of +4.0%. Today’s July pending home sales report is expected to show an increase of +0.5% m/m, reversing about one-half of the -1.1% decline seen in June. The Treasury today will wrap up this week’s $106 billion T-note package by selling $29 billion of 7-year T-notes.
There are 8 of the Russell 1000 companies that reports earnings today: Abercrombie (consensus $0.11), Coty (0.05), Pall Corp (1.06), Signet Jewelers (0.98), Dollar General (0.83), Splunk (-0.02), Avago Technologies (1.05), Veeva Systems (0.07). Equity conferences during the remainder of this week include: ONS 2014 Conference on Mon-Thu, and MIT Sloan Latin America-China Conference on Fri.


OVERNIGHT U.S. STOCK MOVERS
Dollar General (DG +0.28%) reported Q2 EPS of 83 cents, right on consensus, although Q2 revenue of $4.72 billion was below consensus of $4.77 billion.
Pall Corp. (PLL -0.48%) reported Q4 EPS of $1.14, better than consensus of $1.06.
Signet Jewelers (SIG -0.36%) reported Q2 organic EPS of $1.00, better than consensus of 98 cents.
British Petroleum (BP +0.37%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
Brown Forman (BF) was downgraded to 'Hold' from 'Buy' at Deutsche Bank.
Visa (V +0.18%) was downgraded to 'Market Perform' from 'Outperform' at Raymond James.
Genuine Parts (GPC -0.02%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
Advance Auto Parts (AAP +1.01%) was initiated with a 'Buy' at SunTrust with a price target of $181 and O'Reilly Automotive (ORLY +0.23%) was also initiated with a 'Buy' at SunTrust with a price target of $193.
Williams-Sonoma (WSM +0.05%) slid 10% in after-hours trading after it reported Q2 EPS of 53 cents, right on consensus, although Q2 revenue of $1.04 billion was below consensus of $1.05 billion. The company then lowered guidance on fiscal 2014 EPS to $3.07-$3.17, below consensus of $3.20.
Guess (GES -0.74%) fell 8% in after-hours trading after it reported Q2 EPS of 26 cents, weaker than consensus of 29 cents, and then lowered guidance on fiscal 2015 EPS to $1.05-$1.20, well below consensus of $1.46.
MARKET COMMENTS
Sep E-mini S&Ps (ESU14 -0.24%) this morning are down -7.25 points (-0.36%). The S&P 500 index Dow on Wednesday closed little changed: S&P 500 unch, Dow Jones +0.09%, Nasdaq +0.04%. Stocks found support on (1) optimism about the U.S. economic outlook that lifted the S&P 500 to a record high Tuesday, and (2) an easing of tensions in Ukraine after Russian President Putin met Ukraine President Poroshenko in Belarus and said that “Russia, for its part, will do everything for this peace process.” Valuation concerns limited gains in equities with stocks in the S&P 500 trading at 18 times reported earnings, the highest in 4 years.
Sep 10-year T-notes (ZNU14 +0.16%) this morning are up +9 ticks at a 1-week high. Sep 10-year T-note futures prices on Wednesday closed higher. Bullish factors included (1) carry-over support from a rally in European government bonds after 10-year bond yields in Germany, France, Italy, Finland and Spain all dropped to record lows, and (2) weakness in stocks that boosted safe-haven demand for T-notes. Closes: TYU4 +6.50, FVU4 +3.75.
The dollar index (DXY00 +0.04%) this morning is up +0.084 (+0.10%). EUR/USD (^EURUSD) is down -0.0018 (-0.14%) and USD/JPY (^USDJPY) is down -0.25 (-0.24%). The dollar index on Wednesday fell back from an 11-1/2 month high and closed lower. EUR/USD rebounded from a 11-1/2 month low and closed higher after (1) a Reuters report that unidentified ECB sources said the ECB is unlikely to add stimulus at next week’s meeting unless Eurozone August inflation data raises the risk of deflation, and (2) German Finance Minister Schaeuble’s comment that ECB President Draghi’s comments advocating support for Eurozone fiscal policy were “over-interpreted.” Closes: Dollar index -0.222 (-0.27%), EUR/USD +0.00259 (+0.20%), USD/JPY -0.186 (-0.18%).
Oct WTI crude oil (CLV14 +0.04%) this morning is down -11 cents (-0.12%) and Oct gasoline (RBV14 +0.23%) is up +0.0019 (+0.07%). Oct crude and gasoline prices on Wednesday settled mixed: CLV4 +0.02 (+0.02%), RBV4 -0.0154 (-0.59%). Bearish factors included (1) the +508,000 bbl increase in crude supplies at Cushing, OK, the delivery point for WTI futures, the fourth consecutive increase, and (2) the +0.6% increase in U.S. crude production in the week ended Aug 22 to a 27-3/4 year high of 8.631 million bpd. Supportive factors included (1) a weaker dollar, and (2) the -2.07 million bbl decline in weekly EIA crude inventories to a 7-month low of 360.5 million bbl, a bigger draw than expectations of -950,000 bbl.
GLOBAL EVENT CALENDAR08/28/2014
US0830 ETWeekly initial unemployment claims expected +2,000 to 300,000, previous -14,000 to 298,000. Weekly continuing claims expected +10,000 to 2.510 million, previous -49,000 to 2.500 million.
0830 ETQ2 GDP revision expected +3.9% vs prelim +4.0%. Q2 GDP personal consumption expected revised to +2.4% from +2.5%. Q2 GDP Price index expected unrevised at +2.0%. Q2 core PCE expected unrevised at +2.0%.
0830 ETUSDA weekly Export Sales.
1000 ETJul pending home sales expected +0.5% m/m and -3.9% y/y, Jun -1.1% m/m and -4.5% y/y.
1100 ETAug Kansas City Fed manufacturing activity expected -2 to 7, Jul +3 to 9.
1300 ETTreasury auctions $29 billion 7-year T-notes.
GER0355 ETGerman Aug unemployment change expected -5,000, Jul -12,000. Aug unemployment rate expected unch at 6.7%, Jul 6.7%.
0800 ETGerman Aug CPI (EU harmonized) expected unch m/m and +0.8% y/y, Jul +0.3% m/m and +0.8% y/y.
EUR0400 ETEurozone Jul M3 money supply expected +1.5% y/y and +1.3% 3-m avg, Jun +1.5% y/y and +1.1% 3-mo avg.
0500 ETEurozone Aug economic confidence expected -0.7 to 101.5, Jul 102.2. Aug business climate indicator expected -0.07 to 0.10, Jul 0.17.
0500 ETRevised Eurozone Aug consumer confidence, previous -1.6 to -10.0.
UK0430 ETUK Aug Lloyds business barometer, Jul 52.
0600 ETUK Aug CBI reported sales expected +6 to 27, Jul 21.
1901 ETUK Aug Hometrack weighted overall average housing prices, Jul +0.1% m/m and +5.8% y/y.
1905 ETUK Aug GfK consumer confidence expected +1 to -1, Jul -2.
JPN1930 ETJapan Jul jobless rate expected unch at 3.7%. Jul job-to-applicant ratio expected unch at 1.10.
1930 ETJapan Jul overall household spending expected -2.9% y/y, Jun -3.0% y/y.
1930 ETJapan Jul national CPI expected +3.4% y/y, Jun +3.6% y/y. Jul national CPI ex-fresh food expected +3.3% y/y, Jun +3.3% y/y. Jul national CPI ex food & energy expected +2.3% y/y, Jun +2.3% y/y.
1930 ETJapan Aug Tokyo CPI expected +2.7% y/y, Jul +2.8% y/y. Aug Tokyo CPI ex-fresh food expected +2.7% y/y, Jul +2.8% y/y. Aug Tokyo CPI ex food & energy expected +2.1% y/y, Jul +2.1% y/y.
1950 ETJapan Jul retail sales expected +0.3% m/m and -0.2% y/y, Jun +0.5% m/m and -0.6% y/y.
1950 ETJapan Jul industrial production expected +1.0% m/m and -0.1% y/y, Jun -3.4% m/m and +3.1% y/y.
U.S. STOCK CALENDAR08/28/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Iron Mountain IncIRM US0:30Investor MeetingY 2014
Coty IncCOTY US6:30Q4 2014 Earnings ReleaseQ4 20140.051
Pall CorpPLL US7:00Q4 2014 Earnings ReleaseQ4 20141.058
Signet Jewelers LtdSIG US7:00Q2 2015 Earnings ReleaseQ2 20150.981
Dollar General CorpDG US7:00Q2 2015 Earnings ReleaseQ2 20150.831
Abercrombie & Fitch CoANF US7:30Q2 2015 Earnings ReleaseQ2 20150.113
Pall CorpPLL US8:30Q4 2014 Earnings CallQ4 2014
Signet Jewelers LtdSIG US8:30Q2 2015 Earnings CallQ2 2015
Abercrombie & Fitch CoANF US8:30Q2 2015 Earnings CallQ2 2015
Coty IncCOTY US9:30Q4 2014 Earnings CallQ4 2014
Greif IncGEF US10:00Q3 2014 Earnings CallQ3 2014
Dollar General CorpDG US10:00Q2 2015 Earnings CallQ2 2015
AMERCOUHAL US12:00Annual General Meeting
AMERCOUHAL US14:00Analyst and Investor meetingY 2014
Splunk IncSPLK US16:02Q2 2015 Earnings ReleaseQ2 2015-0.024
Avago Technologies LtdAVGO US16:05Q3 2014 Earnings ReleaseQ3 20141.05
Splunk IncSPLK US16:30Q2 2015 Earnings CallQ2 2015
Veeva Systems IncVEEV US16:30Q2 2015 Earnings CallQ2 2015
Avago Technologies LtdAVGO US17:00Q3 2014 Earnings CallQ3 2014
Veeva Systems IncVEEV USAft-mktQ2 2015 Earnings ReleaseQ2 20150.07
Equifax IncEFX USInvestor Meeting - ZurichY 2014
Equifax IncEFX USInvestors Meeting - GenevaY 2014

Wednesday, August 27, 2014

TiVo - Barchart's Chart of the Day

TiVo (TIVO) is the Barchart Chart of the Day,  The cable TV stock has a Trend Spotter buy signal, a Weighted Alpha of 21.80+ and gained 28.08% in the last year.

The Chart of the Day belongs to TiVo (TIVO).  I fond the stock by sorting the New High List for the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 6/9 the stock gained 14.22%.

TiVo pioneered a brand new category of products with the development of the first commercially available digital video recorder. Sold through leading consumer electronic retailers, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its DVR service features into the set-top boxes of mass distributors. TiVo's DVR functionality and ease of use, with such features as Season Pass recordings and WishList searches and TiVo KidZone, have elevated its popularity among consumers and have created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo's DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos.


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
  • 4 new highs and up 4.31% in the last month
  • Relative Strength Index 63.07%
  • Barchart computes a technical support level at 13.31
  • Recently traded at 14.06 with a 50 day moving average of 13.32
Fundamental factors:
  • Market Cap $1.70 billion
  • P/E 97.14
  • Revenue expected to grow 16.80% this year and another 11.50% next year
  • Earnings estimated to decrease 86.00% this year but increase again next year about 46.40% and continue to increase at an annual rate of 11.10% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 9 buy and 8 hold recommendations on the stock.
Closely watch the 50 day moving average for weakness and exit at the 100 day moving average.

5 Great NASDAQ 100 stocks

Today I wanted to find the 5 NASDAQ 100 stocks with the best technical buy signals and most consistent charts. I used Barchart to first sort the Index for the best technical buy signals, then used the Flipchart feature to review the charts.  I skipped several stocks with great technical buy signals but very choppy charts.

Today's list includes Amgen (AMGN), Apple (AAPL), Celgene (CELG), Catamaran (CTRX), F5 Networks (FFIV):

Amgen (AMGN)


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 12.16% in the last month
  • Relative Strength Index 76.29%
  • Barchart computes a technical support level at 133.84
  • Recently traded at 138.34 with a 50 day moving average of 124.24
Apple (AAPL)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 3.14% in the last month
  • Relative Strength Index 67.61%
  • Barchart computes a technical support level at 100.44
  • Recently traded at 101.14 with a 50 day moving average of 95.74
Celgene (CELG)


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 9.49% in the last month
  • Relative Strength Index 73.79%
  • Barchart computes a technical support level at 92.88
  • Recently traded at 95.37 with a 50 day moving average of 87.81
Catamaran (CTRX)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 4 new highs and up 6.48% in the last month
  • Relative Strength Index 71.32%
  • Barchart computes a technical support level at 46.87
  • Recently traded at 47.52 with a 50 day moving average of 44.81


Barcahrt technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 9.93% in the last  month
  • Relative Strength Index 69.05%
  • Barchart computes a technical support level at 120.65
  • Recently traded at 123.56 with a 50 day moving average of 113.34










BARCHART MORNING CALL 8/27

OVERNIGHT MARKETS AND NEWS
September E-mini S&Ps (ESU14 +0.06%) this morning are up +0.04% on increased optimism in the U.S. economic outlook, while European stocks are down -0.16% after a gauge of German consumer confidence fell more than expected. Stocks received a boost on comments from Russian President Putin who met his Ukrainian counterpart in Belarus to discuss an end to the ongoing conflict and said that "Russia, for its part, will do everything for this peace process." European bond markets continue to rally as 10-year yields from Germany, Italy, Spain and France all fell to record lows on speculation the ECB will expand stimulus. Asian stocks closed mostly higher: Japan +0.09%, Hong Kong -0.62%, China +0.15%, Taiwan +0.98%, Australia +0.24%, Singapore +0.55%, South Korea +0.28%, India +0.44%. Commodity prices are mostly higher. Oct crude oil (CLV14 +0.29%) is up +0.28%. Oct gasoline (RBV14 +0.33%) is up +0.23%. Dec gold (GCZ14 +0.05%) is up +0.12%. Sep copper (HGU14 -0.06%) is up +0.06%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.14%) is down -0.13% as it retreats from an 11-1/2 month high. EUR/USD (^EURUSD) is up +0.11% as it recovers from an 11-1/2 month low after comments from German Finance Minister Schaeuble fueled short covering when he said that comments made by ECB President Draghi that advocate support for Eurozone fiscal policy were "over-interpreted." USD/JPY (^USDJPY) is down -0.12%. Sep T-note prices (ZNU14 +0.09%) are up +4.5 ticks on carry-over support from a rally in European government bond markets.
German Finance Minister Schaeuble said in an interview in the Passauer Neue Presse that comments made in Jackson Hole, Wyoming by ECB President Draghi were "over-interpreted" after he said that fiscal policy could play a greater role in promoting growth.
The German Jul import price index fell -0.4% m/m and -1.7% y/y, a faster pace of decline than expectations of -0.1% m/m and -1.4% y/y.
The German Sep GfK consumer confidence fell -0.3 to 8.6, a larger decline than expectations of -0.1 to 8.9.
U.S. STOCK PREVIEW
The Treasury today will sell $35 billion of 5-year T-notes and $13 billion of 2-year floating-rate notes. The markets will be watching today’s MBA mortgage apps report for an update on mortgage activity. The MBA index last week rose by +1.4% with the purchase sub-index down by -0.4% and refinancing sub-index up by +2.7%.
There are 9 of the Russell 1000 companies that reports earnings today: Donaldson (consensus $0.47), Tiffany (0.85), Brown-Forman (0.72), Chico's FAS (0.26), Workday (-0.14), Bally Technologies (1.20), Williams-Sonoma (0.53), Greif (0.81), Seadrill (0.74). Equity conferences this week include: ONS 2014 Conference on Mon-Thu, Latin Markets 3rd Annual Peru Capital Projects & Infrastructure Summit on Wed, Simmons European Energy Conference on Wed, Jefferies Semiconductors, Hardware & Communications Infrastructure Summit on Wed, and MIT Sloan Latin America-China Conference on Fri.


OVERNIGHT U.S. STOCK MOVERS
Tiffany & Co. (TIF +0.54%) reported Q2 EPS of 96 cents, better than consensus of 85 cents.
Brown Shoe (BWS +0.51%) reported Q2 EPS of 41 cents, higher than consensus of 35 cents.
Eli Lilly (LLY +0.13%) was initiated with a 'Buy' at Deutsche Bank with a price target of $71 and Pfizer (PFE +1.04%) was also initiated with a 'Buy' at Deutsche Bank with a price target of $34.
Waste Management (WM +0.17%) was upgraded to 'Buy' from 'Hold' at Stifel.
Facebook (FB +1.25%) was downgraded to 'Neutral' from 'Buy' at Janney Capital.
Donaldson (DCI -0.15%) reported Q4 EPS of 50 cents, higher than consensus of 47 cents.
Rent-A-Center (RCII +0.95%) was upgraded to 'Buy' from 'Hold' at Canaccord.
Bristol-Myers (BMY +0.08%) announced that the European Commission has approved Daklinza for use in combination with other medicinal products across genotypes 1, 2, 3 and 4 for the treatment of chronic hepatitis C virus infection in adults.
Smith & Wesson (SWHC -0.08%) slumped over 10% in after-hours trading after it said its sees Q2 EPS of 4 cents-8 cents, well below consensus of 28 cents, and lowered guidance on fiscal 2015 EPS to 89 cents-94 cents, much weaker than consensus of $1.36.
FJ Capital reported a 5.87% passive stake in Sun Bancorp (SNBC +0.52%) .
Dycom (DY +1.20%) reported Q4 EPS of 48 cents, better than consensus of 47 cents.
Bob Evans (BOBE -2.73%) reported Q1 adjusted EPS of 10 cents, right on consensus, although Q1 revenue of $326.3 million was slightly below consensus of $328.61 million.
Analog Devices (ADI +0.54%) reported Q3 EPS of 63 cents, right on consensus, although Q3 revenue of $728 million was higher than consensus of $716.69 million.
MARKET COMMENTS
Sep E-mini S&Ps (ESU14 +0.06%) this morning are up +0.75 of a point (+0.04%). The S&P 500 index and the Dow on Tuesday rallied to new all-time highs and closed higher: S&P 500 +0.11%, Dow Jones +0.17%, Nasdaq +0.10%. Bullish factors included (1) the +22.6% surge in Jul durable goods orders, well above expectations of +8.0% and the most since the data series began in 1992, and (2) the unexpected +2.1 increase in U.S. Aug consumer confidence to 92.4, better than expectations of -1.9 to 89.0 and the highest in 6-3/4 years. Gains in stocks were limited after the Jun S&P/CaseShiller composite-20 home price index fell -0.20% m/m, weaker than expectations of unch m/m.
Sep 10-year T-notes (ZNU14 +0.09%) this morning are up +4.5 ticks. Sep 10-year T-note futures prices Tuesday closed slightly higher. Bullish factors included (1) carry-over support from a rally in European government bonds after 10-year bond yields in Italy, Finland and Spain all dropped to record lows, and (2) the unexpected decline in U.S. Jul durable goods orders ex-transportation. Bearish factors included (1) reduced safe-haven demand after the S&P 500 rallied to a new record high, and (2) the unexpected increase in Aug consumer confidence to a 6-3/4 year high. Closes: TYU4 +2.5, FVU4 +3.00.
The dollar index (DXY00 -0.14%) this morning is down -0.108 (-0.13%). EUR/USD (^EURUSD) is up +0.0015 (+0.11%) and USD/JPY (^USDJPY) is down -0.12 (-0.12%). The dollar index on Tuesday closed higher. Bullish factors included (1) the unexpected increase in U.S. Aug consumer confidence to a 6-3/4 year high, and (2) the slide in EUR/USD to an 11-1/2 month low on divergent central bank policies as the Fed is expected to continue to taper stimulus while the ECB looks to expand monetary stimulus. Closes: Dollar index +0.101 (+0.12%), EUR/USD -0.00249 (-0.19%), USD/JPY +0.006 (+0.01%).
Oct WTI crude oil (CLV14 +0.29%) this morning is up +26 cents (+0.28%) and Oct gasoline (RBV14 +0.33%) is up +0.0061 (+0.23%). Oct crude and gasoline prices on Tuesday closed higher with Oct gasoline at a 1-week high: CLV4 +0.51 (+0.55%), RBV4 +0.0047 (+0.18%). Bullish factors included (1) increased optimism in the U.S. economic outlook after the S&P 500 posted a new record high, and (2) expectations that Wednesday’s weekly EIA inventory report will show crude stockpiles fell -2.5 million bbl and gasoline supplies fell -1.6 million bbl.
GLOBAL EVENT CALENDAR08/27/2014
US0700 ETWeekly MBA mortgage applications, previous +1.4% with purchase sub-index -0.4% and refi sub-index +2.7%.
1030 ETEIA Weekly Petroleum Status Report.
1130 ETTreasury auctions $13 billion 2-year floating-rate notes.
1300 ETTreasury auctions $35 billion 5-year T-notes.
GER0200 ETGerman Sep GfK consumer confidence expected -0.1 to 8.9, Aug 9.0.
0200 ETGerman Jul import price index expected -0.1% m/m and -1.4% y/y, Jun +0.2% m/m and -1.2% y/y
CHI2130 ETChina Jul industrial profits, Jun +17.9% y/y.
U.S. STOCK CALENDAR08/27/2014
Company NameTickerTimeEvent DescriptionPeriodEstimate
Donaldson Co IncDCI US6:00Q4 2014 Earnings ReleaseQ4 20140.471
Chico's FAS IncCHS US8:00Q2 2015 Earnings ReleaseQ2 20150.26
Chico's FAS IncCHS US8:30Q2 2015 Earnings CallQ2 2015
Donaldson Co IncDCI US10:00Q4 2014 Earnings CallQ4 2014
Guess? IncGES US16:03Q2 2015 Earnings ReleaseQ2 20150.288
Guess? IncGES US16:30Q2 2015 Earnings CallQ2 2015
Williams-Sonoma IncWSM US17:00Q2 2015 Earnings CallQ2 2015
Bally Technologies IncBYI USAft-mktQ4 2014 Earnings ReleaseQ4 20141.199
Williams-Sonoma IncWSM USAft-mktQ2 2015 Earnings ReleaseQ2 20150.534
Greif IncGEF USAft-mktQ3 2014 Earnings ReleaseQ3 20140.813

Tuesday, August 26, 2014

TransCanada Pipeline - Barchart's Chart of the Day

TransCanada Pipelines (TRP) is the Barchart Chart of the Day.  The stock has a Trend Spotter buy signal, a Weighted Alpha of 24.50+, gained 22.43% in the last year and paid a 3.46% dividend.

The Chart of the Day belongs to TransCanada Pipelines (TRP).  I found the stock by sorting the New High List for technical buy signals then used the Flipchart feature o review the charts.  Since the Trend Spotter signaled a buy on 8/14 the stock gained 3.79%.

TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada's natural gas production to growing markets in Canada and the United States.


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 10 day moving averages
  • 4 new highs and up 1.84% in the last month
  • Relative Strength Index 68.08%
  • Barchart computes a technical support level at 51.50
  • Recently traded at 52.64 with a 50 day moving average of 49.66
Fundamental factors:
  • Market Cap $37.27 billion
  • P/E 24.35
  • Dividend yield 3.46%
  • Revenue expected to grow 17.40% this year and another 2.50% next year
  • Earnings estimated to increase 4.50% this year, an additional 9.40% next year and continue to increase at an annual rate of 14.75% for the next 5 years
  • Wall Street analysts issued 1 buy and 3 hold recommendations on the stock
This is a total return stock, keep till the total return is negative.

5 Small Caps with Momemtum

The are still some Small Caps having great momentum,  To find them I used Barchart to sort the S&P 600 Small Cap Index stocks to find those with the best technical buy signals and charts,  First I sorted for technical buy signals, then used the Flipchart feature to find the charts I liked.

Today's list includes Zumiez (ZMUZ), United Bankshares (UBSI), Sterling Bancorp (STL), Synchronoss Technologies (SNCR), and US Silica Holdings (SCLA):

Zumiez (ZUMZ)


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 22.31% in the last month
  • Relative Strength Index 74.15%
  • Barchart computes a technical support level at 31.94
  • Recently traded at 33.09 with a 50 day moving  average of 28.69


Barchat technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 2 new highs and up 4.57% in the last month
  • Relative Strength Index 63.70%
  • Barchart computes a technical support level at 32.40
  • Recently traded at 33.21 with a 50 day moving average of 32.06


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 7.45% in the last month
  • Relative Strength Index 65.95%
  • Barchart computes a technical support level at 12.42
  • Recently traded at 12.70 with a 50 day moving average of 12.10


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 25.12% in the last month
  • Relative Strength Index 74.78%
  • Barchart computes a technical support level at 41.52
  • Recently trade at 43.23 with a 50 day moving average of 36.88


Barchart technical indicators:
  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 6 new highs and up 11.25% in the last month
  • Relative Strength Index 74.46%
  • Barchart computes a technical support level at 64.09
  • Recently traded at 67.15 with a 50 day moving average of 57.95