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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy Capital Management
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  • Eagle Pharmaceutical - All Time High

    The Chart of the Day belongs to Eagle Phamaceutical (NASDAQ:EGRX). I found the stock by sorting 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 another buy on 5/4 the stock gained 11.78%.

    Eagle Pharmaceuticals, Inc. is a specialty pharmaceutical company. It focuses on developing and commercializing injectable products primarily in the critical care and oncology areas in the United States. The Company markets EP-1101 to treat heparin-induced thrombocytopenia. It develops EP-3101, EP-3102, Ryanodex and EP-4104. Eagle Pharmaceuticals, Inc. is based in Woodcliff Lake, New Jersey.

    (click to enlarge)

    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
    • 5 new highs and up 7.89% in the last month
    • Relative Strength Index 69.84%
    • Barchart computes a technical support level at 60.39
    • Recently traded at 65.28 with a 50 day moving average of 52.52


    Fundamental factors:

     

    • Market Cap $ 994.21 million
    • P/E 1,066
    • Revenue expected to grow 169.90% next year
    • Earnings estimated to increase 653.30% next year
    • Wall Street analysts issued 1 strong buy and 2 buy recommendations on the stock


    The 50-100 Day MACD Oscillator has been a very reliable technical trading strategy for this stock. As with any high flyer like this I'd advise you to use a trailing loss to protect your gains.

    Tags: EGRX
    May 25 11:59 AM | Link | Comment!
  • Corium International - All Time High

    The Chart of the Day belongs to Corium International (NASDAQ:CORI). I found the stock by sorting today's 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 4/29 the stock gained 42.7%.

    (click to enlarge)

    Corium International, Inc. is a commercial-stage biopharmaceutical company. It is focused on the development, manufacture and commercialization of specialty pharmaceutical products that leverage advanced technologies in transdermal and transmucosal delivery systems. Corium has developed six marketed products in the prescription drug and consumer markets: Clonidine Transdermal Delivery System for hypertension, Fentanyl TDS for chronic pain and four Crest Advanced Seal Whitestrips products. The company has two proprietary transdermal technology platforms with applications in multiple drug categories and indications: Corplex(NYSE:TM) and MicroCor(NYSE:R). Corium International, Inc. is headquartered in Menlo Park, California.

    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
    • 15 new highs and up 48.67% in the last month
    • Relative Strength Index 78.72%
    • Barchart computes a technical support level at 11.04
    • Recently traded at 12.89 with a 50 day moving average of 8.52

    Fundamental factors:

     

    • Market Cap $232.92 million
    • Revenue expected to grow 1.70% this year and another 26.60% next year
    • Earnings estimated to increase 14.50% this year and an additional 30.60% next year
    • Wall Street analysts issued 3 strong buy recommendations on the stock

    The most reliable technical trading strategy for this stock has been the price vs the 100 day moving average.

    Tags: CORI
    May 22 9:39 AM | Link | Comment!
  • Omnicare - All Time High

    The Chart of the Day belongs to Omnicare (NYSE:OCR). I found the 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 charts. Since the Trend Spotter signaled a buy in 3/18 the stock gained 21.95%.

    Omnicare, Inc., a Fortune five hundred company based in Covington, Kentucky, is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities and other chronic care settings comprising beds in fourteen states, the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings. Omnicare's pharmacy services also include distribution and patient assistance services for specialty pharmaceuticals. Omnicare offers clinical research services for the pharmaceutical and biotechnology industries in thirty countries worldwide.

    (click to enlarge)

    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
    • 9 new highs and up 18.32% in the last month
    • Relative Strength Index 82.24%
    • Barchart computes a technical support level at 91.50
    • Recently traded at 95.92 with a 50 day moving average of 82.80


    Fundamental factors:

     

    • Market Cap $9.29 billion
    • P/E 24.05
    • Dividend yield .95%
    • Revenue expected to grow 4.70% this year and another 6.00% next year
    • Earnings estimated to increase by 11.80% this year, an additional 10.80% next year and continue to increase at an annual rate of 13.15% for the next 5 years
    • Wall Street analysts issued 1 strong buy , 5 buy and 3 hold recommendations on the stock

    The most reliable technical trading strategy on this stock has been the 100 day moving average vs. the price. I'd recommend you continue to use it to gauge entry and exit points.

    Tags: OCR
    May 21 10:02 AM | Link | 2 Comments
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  • $EGRX - 100% Barchart technical buy signals - 5 new highs and up 7.89% in the last month - Relative Strength Index 69.84%
    about 16 hours ago
  • $CORI - 100% Barchart technical buy signals - 15 new highs and up 48.67% in the last month - Relative Strength Index 78.77%
    4 days ago
  • $OCR - 100% Barchart technical buy signal - 9 new highs and up 18.32% in the last month - Relative Strength Index 82.24
    5 days ago
More »

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