Jim Van Meerten's  Instablog

The Chart of the Day is ProofPoint (PFPT) with 96% Barchart technical buy signals and a Trend Spotter buy signal. The stock has 15 new highs for a gain of 21.03% in the last month. The stock was found by sorting the New High List for frequency.

The company is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. They provide expertise, patented technologies, and on-demand delivery system to protect against phishing, malware and spam, safeguard privacy, encrypt sensitive information, and archive and govern messages and critical enterprise information.

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Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 21.03% in the last month
• Relative strength Index 70.90%
• Barchart computes a technical support level at 21.22
• Recently traded at 22.33 with a 50 day moving average of 18.91

Fundamental factors:

• Market Cap $737.87 million
• Revenue projected to grow by 21.50% this year and 18.10% next year
• Earnings are estimated to increase 74.30% next year
• Wall Street analysts issued 3 strong buy recommendations

Exit if the stock drops below its 50 day moving average.

Today I used Barchart to sort the NASDAQ 100 Index to find the stocks with the best technical indicators and charts. My list includes Bed Bath and Beyond (BBBY), Henry Schein (HSIC), Sandisk (SNDK), Staples (SPLS), Applied Material (AMAT):

Bed Bath and Beyond (BBBY)

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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 2.97% in the last month
• Relative Strength Index 63.26%
• Barchart computes a technical support level at 69.99
• Recently traded at 71.26 with a 50 day moving average of 68.18

Henry Schein (HSIC)

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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 2.48% in the last month
• Relative Strength Index 63.95%
• Barchart computes a technical support level at 96.04
• Recently traded at 97.79 with a 50 day moving average of 93.40

Sandisk (SNDK)

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Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Sp[otter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 2.52% in the last month
• Relative Strength Index 64.91%
• Barchart computes a technical support at 58.10
• Recently traded at 61.29 with a 50 day moving average of 56.78

Staples (SPLS)

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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 13.16% in the last month
• Relative Strength Index 77.71%
• Barchart computes a technical support level at 15.44
• Recently traded at 16.43 with a 50 day moving average of 14.16

Applied Materials (AMAT)

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Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Sp[otter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 5.61% in the last month
• Relative Strength Index 63.59%
• Barchart computes a technical support level at 15.15
• Recently traded at 15.80 with a 50 day moving average of 14.52

Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks with the best technical indicators and charts. The list today includesSalix Pharmaceuticals (SLXP), Ruth's Hospitality Group (RUTH), Pro-Assurance (PRA), Live Nation Entertainment (LYV) and Lance (LNCE):

Salix Pharmaceuticals (SLXP)

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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 11.82% in the last month
• Relative Strength Index 77.92%
• Barchart computes a technical support level at 65.20
• Recently traded at 66.30 with a 50 day moving average of 55.99

Ruth's Hospitality Group (RUTH)

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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 4.60% in the last month
• Relative strength Index 69.05%
• Barchart computes a technical support level at 11.86
• Recently traded at 12.27 with a 50 day moving average of 10.83

Pro-Assurance (PRA)

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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 1.29% in the last month
• Relative Strength Index 68.12%
• Barchart computes a technical support level at 51.25
• Recently traded at 51.73 with a 50 day moving average of 49.61

Live Nation Entertainment (LYV)

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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 10.48% in the last month
• Relative Strength Index 64.90%
• Barchart computes a technical support level at 15.10
• Recently traded at 15.350 with a 50 day moving average of 13.36

Lance (LNCE)

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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 2.02% in the last month
• Relative Strength Index 62.69%
• Barchart computes a technical support level at 26.78
• Recently traded at 27.25 with a 50 day moving average of 25.83