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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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  • Amphastar Pharmaceuticals - Barchart's Chart Of The Day

    The Chart of the Day is Amphastar Pharmaceuticals (NASDAQ:AMPH). I found the stock by sorting the All Time High list for the stock with the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy n 12/2 the stock gained 32.00%.

    Amphastar Pharmaceuticals, Inc. is a specialty pharmaceutical company. It focuses primarily on developing, manufacturing, marketing, and selling generic and proprietary injectable and inhalation products. The company products include Enoxaparin Sodium Injection; Amphadase; Cortrosyn for Injection; and prefilled disposable emergency syringes for crash cart use.

    (click to enlarge)

    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.

    Barcart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter by signal
    • Above its 20, 50 and 100 day moving averages
    • 6 new highs and up 12.58% in the last month
    • Relative Strength Index 78.14%
    • Barchart computes a technical support level at 13.67
    • Recently traded at 14.52 with a 50 day moving average of 12.55


    Fundamental factors:

     

    • Market Cap $648.17 million
    • Revenue expected to grow by 1.30% next year
    • Earnings estimated to compound at an annual rate of 5.00% for the next 5 years
    • Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock


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

    Tags: AMPH
    Mar 05 2:37 PM | Link | Comment!
  • The 5 Best Small Caps

    I wanted to find the 5 best Small Caps so I used Barchart to sort the S&P 600 Small Cap Index stocks for the best technical buy signals, then used the Flipchart feature to find the charts I liked.

    Today's list includes Strum Ruger & Co (NYSE:RGR), OM Group (NYSE:OMG), Marketaxcess Holdings (NASDAQ:MKTX), US Ecology (NASDAQ:ECOL) and Affymetrix(NASDAQ:AFFX):

    Strum Ruger & Co (RGR)

    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 30.14% in the last month
    • Relative Strength Index 82.24%
    • Barchart computes a technical support level at 50.95
    • Recently traded at 55.78 with a 50 day moving average of 41.15


    OM Group (OMG)

    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 5.90% in the last month
    • Relative Strength Index 67.22%
    • Barchart computes a technical support level at 29.64
    • Recently traded at 31.09 with a 50 day moving average of 29.11


    Marketaxcess Holdings (MKTX)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 3 new highs and up 4.91% in the last month
    • Relative Strength Index 68.28%
    • Barchart computes a technical support level at 77.22
    • Recently traded at 84.35 with a 50 day moving average if 75.87


    US Ecology (ECOL)

    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 15.31% in the last month
    • Relative Strength Index 78.74%
    • Barchart computes a technical support level at 49.06
    • Recently traded at 51.47 with a 50 day moving average of 43.14


    Affymetrix (AFFX)

    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 6.58% in the last month
    • Relative Strength Index 70.28%
    • Barchart computes a technical support leve at 11.50
    • Recently traded at 12.24 with a 50 day moving average of 11.01
    Tags: RGR, OMG, MKTX, ECOL, AFFX
    Mar 05 1:47 PM | Link | Comment!
  • BARCHART MORNING CALL 3/5

    BARCHART MORNING CALL

    Thursday, March 5th, 2015View Older Reports

    Everything you need to know about the markets in one free daily newsletter.

    E-mail: Submit


    You will also receive a free subscription to the Barchart family of newsletters.

    OVERNIGHT MARKETS AND NEWS

    March E-mini S&Ps (ESH15 +0.16%) this morning are up +0.12% and European stocks are up +0.79% at a 6-3/4 year high ahead of today's ECB meeting where ECB President Draghi will announce details of the ECB's bond-buying program. Increased M&A activity is also supportive for stocks after Abbvie agreed to buy Pharmacyclics for $21 billion. As expected, the BOE kept its benchmark interest rate unchanged at 0.50% and left its asset purchase target at 375 billion pounds. Asian stocks closed mixed: Japan +0.26%, Hong Kong -1.11%, China -0.98%, Taiwan -0.28%, Australia +0.04%, Singapore -0.59%, South Korea -0.06%, India +0.23%. Chinese stocks fell after Premier Li Keqiang lowered China's 2015 GDP target to 7.0%, the lowest in more than 15 years, from 7.5% in 2014, and said "the difficulties we are to encounter in the year ahead may be even more formidable than those of last year." Commodity prices are mixed. Apr crude oil (CLJ15 +0.80%) is up +1.01% at a 1-1/2 week high after Libya's National Oil Corp. declared force majeure on oil supplies from 11 Libyan oil fields due to attacks on oil infrastructure from Islamic militants. Apr gasoline (RBJ15 -0.22%) is down -0.24%. Apr gold (GCJ15 +0.02%) is down -0.11%. May copper (HGK15 +0.15%) is up +0.17%. Agriculture prices are weaker. The dollar index (DXY00 +0.22%) is up +0.25% at an 11-1/3 year high. EUR/USD (^EURUSD) is down -0.23% at an 11-1/2 year low. USD/JPY (^USDJPY) is up +0.39%. Jun T-note prices (ZNM15 -0.05%) are down -2 ticks.

    German Jan factory orders fell -3.9% m/m, weaker than expectations of -1.0% m/m and the biggest monthly decline in 5 months. On an annual basis, Jan factory orders unexpectedly fell -0.1% y/y, weaker than expectations of +2.6% y/y.

    UK Feb Halifax house prices fell -0.3% m/m and rose +8.3% y/y, weaker than expectations of -0.2% m/m and +8.5% y/y.

    U.S. STOCK PREVIEW

    Today's Feb ADP employment report is expected to show a respectable increase of +220,000, stronger than the +213,000 increase seen in January. Today's Feb ISM non-manufacturing index is expected to show a small -0.2 decline to 56.5, thus reversing January's small +0.2 point increase to 56.7. The Fed today will release its Beige Book report ahead of the March 17-18 FOMC meeting. There are 3 of the S&P 500 companies that report earnings today: H&R Block (consensus $-0.17), Brown-Forman (0.86), PetSmart (1.37).

    Equity conferences during the remainder of this week include: Cowen & Co. Health Care Conference on Mon-Wed, Citigroup Global Property CEO Conference on Mon-Wed, Raymond James & Associates Institutional Investors Conference on Mon-Wed, Morgan Stanley Technology Media & Telecom Conference on Mon-Thu, Bank of America Merrill Lynch Consumer & Retail Conference on Tue-Wed, J.P. Morgan Aviation, Transportation and Industrials Conference on Tue-Thu, Mitsubishi UFJ Securities 3rd Annual Seattle Consumer Conference on Wed, Morgan Stanley European MedTech & Services Conference on Wed, Simmons Energy Conference on Wed, UBS Natural Gas, Electric Power and MLP Conference on Wed, UBS Utilities and Natural Gas Conference on Wed, UBS Global Consumer Conference on Wed-Thu, Bank of America Merrill Lynch Refining Conference on Thu, Barclays Investment Grade Energy & Pipeline Conference on Thu, Pacific Crest Emerging Technology Summit on Thu, Morgan Stanley MLP/Diversified Natural Gas, Utilities Clean Tech Conference on Thu.

    OVERNIGHT U.S. STOCK MOVERS

    Costo Wholesale (COST -0.14%) reported Q2 EPS of $1.25, more than consensus of $1.18.

    Abercrombie & Fitch (ANF -15.51%) was downgraded to 'Neutral' from 'Buy' at Nomura.

    Exxon Mobil (XOM -0.50%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.

    McDonald's (MCD +0.51%) was downgraded to 'Neutral' from 'Overweight' at Piper Jaffray.

    Joy Global (JOY -1.95%) reported Q1 EPS of 25 cents, less than consensus of 36 cents, and then lowered guidance on fiscal 2015 adjusted EPS view to $2.50-$3.00 from $3.10-$3.50, well below consensus of $3.20.

    Sprouts Farmers Markets (SFM -1.22%) filed to sell 15.85 million shares of common stock for holders.

    Darling (DAR -0.23%) rose over 4% in after-hours trading after it reported Q4 EPS of 42 cents, double consensus of 21 cents.

    Pharmacyclics (PCYC +6.33%) jumped over 7% in pre-market trading after AbbVie agreed to buy the company fpr $21 billion.

    Alon USA Partners (ALDW -0.06%) reported Q4 EPS of 67 cents, better than consensus of 60 cents.

    Bristol-Myers Squibb (BMY +6.06%) announced that the FDA has approved its Opdivo injection, for intravenous use, for the treatment of patients with metastatic squamous non-small cell lung cancer.

    Coca-Cola Bottling (COKE -2.00%) reported Q4 EPS of 32 cents, higher than one estimate of 13 cents.

    H&R Block (HRB -0.86%) reported a Q3 adjusted EPS loss of -13 cents, a smaller loss than consensus of -17 cents.

    Roundy's (RNDY -0.25%) reported Q4 adjusted EPS of 7 cents, more than twice consensus of 3 cents.

    MARKET COMMENTS

    Mar E-mini S&Ps (ESH15 +0.16%) this morning are up +2.50 points (+0.12%). The S&P 500 index on Wednesday tumbled to a 1-1/2 week low and closed lower: S&P 500 -0.44%, Dow Jones -0.58%, Nasdaq -0.30%. Bearish factors included (1) the +212,000 increase in Feb ADP employment, less than expectations of +220,000, (2) weakness in industrial companies led by a -5% plunge in Alcoa, and (3) a slide in transportation stocks after railroad companies sold off for a second day. Stocks recovered from their worst levels after the Feb ISM non-manufacturing index unexpectedly rose +0.2 to 56.9, stronger than expectations of -0.2 to 56.5.

    Jun 10-year T-notes (ZNM15 -0.05%) this morning are down -2 ticks. Jun 10-year T-note futures prices on Wednesday recovered from a 1-week low and closed higher. Closes: TYM5 +3.00, FVM5 +3.50. Bullish factors included (1) the smaller-than-expected increase in Feb ADP employment, and (2) the fall in the S&P 500 to a 1-1/2 week low, which boosted the safe-haven demand for T-notes.

    The dollar index (DXY00 +0.22%) this morning is up +0.238 (+0.25%) at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.0025 (-0.23%) at an 11-1/2 year low. USD/JPY (^USDJPY) is up +0.47 (+0.39%). The dollar index on Wednesday soared to an 11-1/3 year high and closed higher: Dollar index +0.582 (+0.61%), EUR/USD -0.00975 (-0.87%), USD/JPY -0.063 (-0.05%). Bullish factors included (1) the stronger-than-expected Feb ISM non-manufacturing index, which should keep the Fed on track to raise interest rates later this year, and (2) weakness in EUR/USD/ which fell to a 11-1/3 year low after the Eurozone Feb Markit composite PMI was revised lower.

    Apr WTI crude oil (CLJ15 +0.80%) this morning is up +52 cents (+1.01%) at a 1-1/2 week high and Apr gasoline (RBJ15 -0.22%) is down -0.0046 (-0.24%). Apr crude and Apr gasoline prices on Wednesday settled mixed: CLJ5 +1.01 (+2.00%), RBJ5 -0.0274 (-1.41%). Bearish factors included (1) a rally in the dollar index to an 11-1/3 year high, (2) the +10.3 million bbl increase in weekly EIA crude inventories to 444.4 million bbl, far higher than expectations of +4.0 million bbl, and (3) the +0.4% increase in U.S. crude production in the week ended Feb 27 to 9.324 million bpd, the most in over three decades. Crude oil recovered its losses and moved higher after the Fed Beige Book said the U.S. economy continued to expand from Jan through mid Feb.

    GLOBAL EVENT CALENDAR03/05/2015

    US0830 ETWeekly initial unemployment claims expected -18,000 to 295,000, previous +31,000 to 313,000. Weekly continuing claims expected -6,000 to 2.395 million, previous 21,000 to 2.401 million.
     0830 ETRevised Q4 non-farm productivity expected -2.3%, previous -1.8%. Revised Q4 unit labor costs expected +3.3%, previous +2.7%.
     0830 ETUSDA weekly Export Sales.
     1000 ETJan factory orders expected +0.2%, Dec -3.4%.
     1000 ETSan Francisco Fed President John Williams speaks on the economic outlook at the CFA Society Hawaii Economic Forecast Dinner.
     1100 ETTreasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Mar 10-12.
     1630 ETFed releases results of its latest bank stress tests.
    GER0200 ETGerman Jan factory orders expected -1.0% m/m and +2.6% y/y, Dec +4.2% m/m and +3.4% y/y.
    UK0400 ETUK Feb new car registrations, Jan +6.7% y/y.
     0700 ETBOE announces interest rate decision and asset purchase target, expected no change to the 0.50% benchmark rate or to the 375 billion pound asset purchase target.
    EUR0745 ETECB announces interest rate decision.
     0830 ETECB President Mario Draghi holds press conference following ECB meeting.

    U.S. STOCK CALENDAR03/05/2015

    CompanyTickerTimeEvent DescriptionPeriodEstimate
    Joy Global IncJOY USBef-mktQ1 2015 Earnings ReleaseQ1 20150.361
    Kroger Co/TheKR USBef-mktQ4 2015 Earnings ReleaseQ4 20150.903
    Costco Wholesale CorpCOST USBef-mktQ2 2015 Earnings ReleaseQ2 20151.179
    L Brands IncLB US7:30February 2015 Sales and Revenue Call2015 
    Verisk Analytics IncVRSK US8:30Investor DayY 2015 
    MDU Resources Group IncMDU US9:00Investor & Analyst MeetingY 2015 
    TransDigm Group IncTDG US9:00Annual General MeetingY 2015 
    Kroger Co/TheKR US10:00Q4 2015 Earnings CallQ4 2015 
    Greif IncGEF US10:00Q1 2015 Earnings CallQ1 2015 
    Joy Global IncJOY US11:00Q1 2015 Earnings CallQ1 2015 
    Costco Wholesale CorpCOST US11:00Q2 2015 Earnings CallQ2 2015 
    WESCO International IncWCC US13:00Investor DayY 2015 
    Cooper Cos Inc/TheCOO US16:00Q1 2015 Earnings ReleaseQ1 20151.535
    Fossil Group IncFOSL US16:00Investor DayY 2015 
    Cooper Cos Inc/TheCOO US17:00Q1 2015 Earnings CallQ1 2015 
    Pandora Media IncP US17:00Analyst & Investor DayY 2015 
    Paramount Group IncPGRE USAft-mktQ4 2014 Earnings ReleaseQ4 20140.18
    Equifax IncEFX US Investor MeetingY 2015 
    Gap Inc/TheGPS US February 2015 Sales and Revenue Release2015 
    L Brands IncLB US February 2015 Sales and Revenue Release2015 
    Rite Aid CorpRAD US February 2015 Sales and Revenue Release2015 
    AmerisourceBergen CorpABC US Annual General Meeting  
    Xcel Energy IncXEL US Investor Meeting - New YorkY 2015 
    Hospira IncHSP US Trial begins-U.S. Ct of Appeals: Medicines Co. vs. Hospira Patent-Infringement  
    Riverbed Technology IncRVBD US Special Meeting - M&A Vote

    Tags: COST, ANF, XOM, MCD, JOY, SFM, DAR, PCYC, ALDW, BMY, COKE, HRB, RNDY, KR, LB, VRSK, MDU, TDG, GEF, WCC, COO, FOSL, P, CFP, EFX, ABC, XEL, HSP, RVBD
    Mar 05 10:27 AM | Link | Comment!
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  • $AMPH - 100% Barchart technical buy signals - 6 new highs and up 12.58% in the last month Relative Strength Index 78.14%
    about 20 hours ago
  • $AFFX - 100% Barchart technical buy signals - 7 new highs and up 6.58% in the last month - Relative Strength index 70.28%
    about 21 hours ago
  • $ECOL - 100% Barchart technical buy signals - 9 new highs and up 15.31% in the last month - Relative Strength index 78.74%
    about 21 hours ago
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