Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
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
View Jim Van Meerten's Instablogs on:
  • Omega Healthcafre Investors - Buy Signals

    Today I added Omega Healthcare Investors (NYSE:OHI) to the Barchart Van Meerten New High portfolio for positive price momentum. I found the stock by sorting the New High List for the stocks hitting the most frequent new highs in the last month:

    Barchart technical indicators:

     

    • 48% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 17 new highs and up 13.70% in the last month
    • Relative Strength Index 75.60%
    • Bar chart computes a technical support level at 38.14
    • Recently traded at 38.75 with a 50 day moving average of 36.43
    Tags: OHI
    Oct 25 2:50 PM | Link | Comment!
  • Automatic Data Processing - Barchart's Chart Of The Day

    The Chart of the Day is Automatic Data Processing (NASDAQ:ADP). I found the stock by sorting the All Time High List by the best technical buy signals then used the Flipchart function to review the charts. Since the Trend Spotter signaled another buy on 10/21 the stock gained 1.86%.

    ADP is one of the largest providers of computerized transaction processing, data communication, and information services in the world. ADP Employer Services offers a comprehensive range of payroll, human resources, benefits administration, time and attendance, tax filing and reporting, professional employer organization, compliance management and retirement plan services to employers in the United States, Canada, Europe and Latin America.

    (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.

    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 3.41% in the last month
    • Relative Strength Index 63.76%
    • Barchart computes a technical support level at 74.64
    • Recently traded at 76.20 with a 50 day moving average of 73.24


    Fundamental factors:

     

    • Market Cap $36.74 billion
    • P/E 23.69
    • Dividend yield 2.57%
    • Revenue expected to shrink 9.40% this year but grow again by 8.10% next year
    • Earnings estimated to increase 13.60% this year, an additional 12.60% next year and continue to increase at an annual rate of 10.33% for the next 5 years
    • Wall Street analysts issued 4 strong buy, 4 buy, 15 hold and a single sell recommendation on he stock


    The 100 day moving average vs, price has been the most consistent technical trading strategy on this stock.

    Tags: ADP
    Oct 24 4:58 PM | Link | Comment!
  • Mimedx Group - Buy Signals

    Today I added Mimedx Group (NASDAQ:MDXG) to the Barchart Van Meerten Speculative portfolio for positive price momentum:

    Brachart technical indicators:

     

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above the 20, 50 and 100 day moving averages
    • 8 new highs and up 25.14% in the last month
    • Relative Strength Index 70.55%
    • Barchart computes a technical support level at 8.82
    • Recently traded at 9.05 with a 50 day moving average of 7.37
    Tags: MDXG
    Oct 24 3:30 PM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.