Jim Van Meerten's  Instablog

The Chart of the Day is United Online (UNTD). I found the stock by sorting the New High List for frequency. The stock advanced 11 times and is up 22.77% in the last month. The Relative strength Index is 79.77%

They are nationwide Internet Service Provider (ISP). The company commenced operations as the result of its acquisition of NetZero and Juno Online Services - two of the leading Internet access brands in the United States and Canada. Through its subsidiaries, United Online offers both free and value-priced Internet access services in more than 5,000 cities.

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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:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 22.77% in the last month
• Relative Strength Index 79.77%
• Barchart computes a technical support level at 7.24
• Recently traded at 7.71 with a 50 day moving average of 6.62

Fundamental factors:

• Market Cap $709.78 Million
• P.E 14.62
• Dividend yield 5.47%
• Revenue projected to grow .60% next year
• Earnings estimated to increase 8.00% next year and continue to increase annually by 15.00% for the next 5 years
• Wall Street analysts issued 3 strong buy recommendations
• Financial Strength B

Exit if the stock drops below its 50 day moving average

Today I used Barchart to sort the S & P 500 Large Cap Index for the stocks hitting the most frequent new highs. My list includes Micron Technology (MU), Boeing (BA), Delphi Automotive (DEPH), CME Group (CME) and Precision Castparts (PCP):

Micron Technology (MU)

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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
• 15 new highs and up 23.52% in the last month
• Relative strength Index 78.85%
• Barchart computes a technical support level at 13.16
• Recenlty traded at 13.97 with a 50 day moving average of 10.93

Boeing (BA)

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Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 3.37% in the last month
• Relative Strength Index 60.04%
• Barchart computes a technical support level at 102.13
• Recently traded at 102.35 with a 50 day moving average of 95.58

Delphi Automotive (DLPH)

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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
• 11 new highs and up 7.36% in the last month
• Relative Strength Index 72.18%
• Barchart computes a technical support level at 51.10
• Recently traded at 52.09 with a 50 day moving average of 46.94

CME Group (CME)

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Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 16.56% in the last month
• Relative strength Index 74.38%
• Barchart computes a technical support level at 74.38
• Recently traded at 75.96 with a 50 day moving average of 64.85

Precision Automotive (PCP)

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Barchart technical indicators:

• 32% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 1.72% in the last month
• Relative Strength Index 55.57%
• Barchart computes a technical support level at 217.47
• Recently traded at 216.66 with a 50 day moving average of 203.27

This morning I deleted Christopher and Banks (CBK) for the Barchart Van Meerten Speculative portfolio of negative price momentum:

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Barchart technical indicators:

• 60% Barchart short term sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 22.10% below its 1 year high
• Relative Strength Index 35.90%