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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
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
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  • Skechers - All Time New High

    The Chart of the Day belongs to Skechers (NYSE:SKX). I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart function to review the charts. Since the Trend Spotter signaled a buy on 4/20 the stock gained 23.07%.

    (click to enlarge)

    Skechers U.S.A., Inc. designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. Thecompany sells its products to department stores such as Nordstrom, Macy's,Dillards, Robinson's-May and JC Penney and specialty retailers such as Genesco's Journeys and Jarman chains, The Venator Group's Foot Locker and Lady Foot Locker chains, Pacific Sunwear and Footaction U.S.A.

    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 26.63% in the last month
    • Relative Strength Index 86.61%
    • Barchart computes a technical support level at 89.03
    • Recently traded at 90.78 with a 50 day moving average of 71.43

    Fundamental factors:

     

    • Market Cap $ 4.61 billion
    • P/E 26.48
    • Revenue expected to grow 26.80% this year and another 13.10% next year
    • Earnings estimated to increase by 51.80% this year, an additional 24.70% next year and continue to compound at an annual rate of 2000% for the next 5 years
    • Wall Street analysts issued 3 strong buy, 4 buy and 2 hold recommendations on the stock

    The 50-100 Day MACD Oscillator has been an extremely effective technical trading strategy for this stock and should continue to be used for entry and exit points.

    Tags: SKX
    Apr 28 7:15 AM | Link | Comment!
  • Snap-On - New All Time High

    The Chart of the Day is Snap-On (NYSE:SNA). I found the stock by sorting the 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 on 3/34 the stock gained 4.08%.

    Snap-On Incorporated is engaged in the business of providing productivity-enhancing, innovative products, services and solutions. Snap-on is a global developer, manufacturer and marketer of professional tools, diagnostics equipment and related services marketed in numerous countries. Snap-on offers a wide range of capabilities and solutions for professional tool users in vehicle service, industrial and other commercial applications 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
    • 7 new highs and up 6.25% in the last month
    • Relative Strength Index 66.42%
    • Barchart computes a technical support level at 151.06
    • Recently traded at 153.06 with a 50 day moving average of 146.56


    Fundamental factors:

     

    • Market Cap $8.89 billion
    • P/E 20.64
    • Dividend yield 1.39%
    • Revenue expected to grow 5.40% this year and another 6.60% next year
    • Earnings estimated to increase 11.20% this year, an additional 12.70% next year and continue to compound at an annual rate of 10.0% for the next 5 years
    • Wall Street analysts issued 2 strong buy, 2 buy and 2 hold recommendations on the stock


    The 50 - 100 Day MACD Oscillator has been an extremely reliable technical trading strategy for this stock and should continue to be used to gauge entry and exit points.

    Tags: SNA
    Apr 27 9:22 PM | Link | Comment!
  • 5 Breakout Small Caps

    Today I wanted to find a list of small cap stocks breaking out of their trading patterns. I used Barchart to sort the S&P Small Cap 600 Index stocks to find ones that had the most frequent up days in the last month, then used the Flip Chart feature to review the charts.

    Today's list includes Ligand Pharmaceuticals (NASDAQ:LGND), Healthstream (NASDAQ:HSTM), IPC The Hospitalist Company (NASDAQ:IPCM), Stephan Company (NYSE:SCL) and Cash America International (NYSE:CSH).

    Ligand Pharmaceuticals

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 23.76% in the last month
    • Relative Strength Index 75.67%
    • Barchart computes a technical support level at 87.38
    • Recently traded at 89.38 with a 50 day moving average of 73.25


    Healthstream

    Barchart technical indicators:

     

    • 72% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 26.85% in the last month
    • Relative Strength Index 82.18%
    • Barchart computes a technical support level at 29.23
    • Recently traded at 31.30 with a 50 day moving average of 26.42


    IPC The Hospitalist Company

    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 13.42% in the last month
    • Relative Strength Index 74.09%
    • Barchart computes a technical support level at 51.31
    • Recently traded at 52.64 with a 50 day moving average of 46.40


    Stephan Company

    Barchart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 10.78% in the last month
    • Relative Strength Index 76.63%
    • Barchart computes a technical support level at 43.78
    • Recently traded at 44.61 with a 50 day moving average of 41.33


    Cash America International

    Barchart technical indicators:

     

    • 72% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 12.48% in the last month
    • Relative Strength Index 58.98%
    • Barchart computes a technical support level at 25.72
    • Recently traded at 26.08 with a 50 day moving average of 23.96
    Tags: LGND, HSTM, IPCM, SCL, CSH
    Apr 27 10:35 AM | Link | Comment!
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  • $SKX - 100% Barchart technical buy signals - 8 new highs and up 26.63% in the last month - Relative Strength Index 86.61%
    about 9 hours ago
  • $SNA - 100% Barchart technical buy signals - 7 new highs and up 6.25% in the last month - Relative Strength Index 66.42%
    about 19 hours ago
  • $CSH - 72% Barchart technical buy signals - 12 new highs and up 12.48% in the last month - Relative strength Index 58.98%
    1 day ago
More »

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