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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. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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  • Atmos Energy - Barchart's Chart Of The Day

    The Chart of the Day is Atmos Energy (ATO). There is not a lot to be happy about today. Only 4 stocks on the All Time High list had a Barchart technical indicator score of 100%. I found the stock by sorting the All Time High list for the best technical indicators then used the Flipchart function to review the charts. Since the Trend Spotter signaled a buy on 3/17 the stock gained 4.38%.

    ATO distributes and sells natural gas to residential, commercial, industrial, agricultural and other customers. They operate through five divisions in cities, towns and communities in service areas located in Colorado, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Missouri, South Carolina, Tennessee, Texas and Virginia. The Company has entered into an agreement to sell all of its natural gas utility operations in South Carolina. They also transport natural gas for others through its distribution system.

    (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
    • 12 new highs and up 7.65% in the last month
    • Relative Strength Index 73.58%
    • Barchart computes a technical support level at 47.39
    • Recently traded at 48.88 with a 50 day moving average of 46.38


    Fundamental factors:

     

    • Market Cap $4.45 billion
    • P/E 17.97
    • Dividend yield 3.08%
    • Revenue expected to grow 8.50% this year and another 10.50% next year
    • Earnings estimated to increase by 9.10% this year, an additional 6.50% next year and continue to increase by 6.90% annually for the next 5 years
    • Wall Street analysts issued 1 strong buy, 1 buy and 5 hold recommendations on this stock

    Market up or down consumers will need natural gas. Use the 50 day moving average for a signal of price weakness and the 100 day moving average as an exit point.

    Tags: ATO
    Apr 10 4:21 PM | Link | Comment!
  • 5 Great Mid Caps

    Today I use Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with the best technical indicators and charts. Today's list includes Tech Data (TECD), RenaisseanceRe Holdings (RNR), Omega Healthcare Holdings (OHI), MSC Industrial Direct (MSM) and Hospitality Properties Trust (HPT):

    Tech Data (TECD)

    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 12.38% in the last month
    • Relative Strength Index 74.64
    • Barchart computes a technical support level at 61.37
    • Recently traded at 64.65 with a 50 day moving average of 57.58


    RenaisseanceRe Holdings (RNR)

    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 2.83% in the last month
    • Relative Strength Index 68.46%
    • Barchart computes a technical support level at 97.16
    • Recently traded at 99.19 with a 50 day moving average of 95.23


    Omega Healthcare Holdings (OHI)

    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 6.23% in the last month
    • Relative Strength Index 66.25%
    • Barchart computes a technical support level at 33.43
    • Recently traded at 34.44 with a 50 day moving average of 32.41


    MSC Industrial Direct (MSM)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 4 new highs and up 1.90% in the last month
    • Relative Strength Index 67.80%
    • Barchart computes a technical support level at 86.87
    • Recently traded at 90.00 with a 50 day moving average of 85.63


    Hospitality Properties Trust (HPT)

    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 7.87% in the last month
    • Relative Strength Index 73.43%
    • Barchart computes a technical support level at 28.58
    • Recently traded at 29.37 with a 50 day moving average of 27.24
    Tags: TECD, RNR, OHI, MSM, HPT
    Apr 10 11:50 AM | Link | Comment!
  • BARCHART MORNING CALL 4/10

    BARCHART MORNING CALL

    Thursday, April 10th, 2014View Older Reports

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

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

    OVERNIGHT MARKETS AND NEWS

    June E-mini S&Ps (ESM14 -0.01%) this morning are down -0.15% and European stocks are down -0.54% on concern over a slowdown in the ChinesJe economy after China's Mar exports unexpectedly fell for a second month. Asian stocks closed mostly higher: Japan unchanged, Hong Kong +1.51%, China +1.57%, Taiwan +0.20%, Australia +0.31%, Singapore -0.20%, South Korea +0.46%, India +0.06%. Hong Kong's Hang Seng Stock Index rose to a 2-3/4 month high and China's Shanghai Stock Index recovered from losses due to weak China Mar trade data and rallied up to a 1-1/2 month high after the government said it would allow a combined 23.5 billion yuan ($3.8 billion) of daily cross-border trading in equities with Hong Kong. China's Securities Regulatory Commission said investors will be able to trade 10.5 billion yuan of Hong Kong-listed stocks through the Shanghai exchange, and 13 billion yuan of mainland shares through Hong Kong. Commodity prices are mixed. May crude oil (CLK14 -0.23%) is down -0.19%. May gasoline (RBK14 -0.60%) is down -0.47%. Jun gold (GCM14 +1.30%) is up +1.24% at a 2-week high after the minutes of the latest FOMC meeting showed that several policy makers said projections for an interest-rate increase might be overstated. May copper (HGK14 -0.15%) is down -0.12%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.01%) is down -0.05% at a 3-week low. EUR/USD (^EURUSD) is up +0.09% at a 2-week high. USD/JPY (^USDJPY) is down -0.34% at a 3-week low. June T-note prices (ZNM14 +0.15%) are up +9 ticks at a 3-week high.

    The China Mar trade balance climbed to a +$7.71 billion surplus, higher than expectations of a +$1.80 billion surplus. Mar exports unexpectedly fell for a second month as they dropped -6.6% y/y, weaker than expectations of a +4.8% y/y increase. Mar imports unexpectedly fell -11.3% y/y, weaker than expectations of a +3.9% y/y increase and the largest decline in 13 months.

    As expected, the BOE maintained its benchmark interest rate at 0.50% and held the asset purchase target at 375 billion pounds.

    The UK Mar RICS house price balance unexpectedly rose +10 to 57%, better than expectations of a -4 point decline to 43%.

    Japan Mar machine tool orders surged +41.8% y/y, the largest increase in 2-3/4 years.

    Japan Feb machine orders fell -8.8% m/m and rose +10.8% y/y, weaker than expectations of -2.6% m/m and +17.5% y/y.

    U.S. STOCK PREVIEW

    Today's weekly initial unemployment claims report is expected to show a decline of -6,000 to 320,000, reversing part of last week's +16,000 increase to 326,000. Meanwhile, continuing claims are expected to show a slight decline of -1,000 to 2.835 million after last week's increase of +22,000 to 2.836 million. Today's March import price index is expected to rise by +0.2% m/m, adding to the +0.9% increase seen in February. The Treasury today will conclude this week's $64 billion coupon package by selling $13 billion of 30-year T-bonds. There are 2 of the Russell 1000 companies that report earnings today: Family Dollar Stores (consensus $0.90), Commerce Bancshares (0.68). There are no equity conferences during the remainder of the week.

    OVERNIGHT U.S. STOCK MOVERS

    Molson Coors (TAP +0.19%) was downgraded to 'Neutral' from 'Buy' at Nomura.

    Rite Aid (RAD +4.75%) reported Q4 EPS ex-items of 10 cents, more than double consensus of 4 cents.

    Facebook (FB +7.25%) was upgraded to 'Buy' from 'Hold' at Pivotal Research.

    Twitter (TWTR +1.70%) was upgraded to 'Hold' from 'Sell' at Cantor.

    Pier 1 Imports (PIR -0.27%) reported Q4 EPS of 41 cents, right on consensus, although Q4 revenue of $515.8 million was slghtly better than consensus of $512.76 million.

    Akamai (AKAM +1.34%) was upgraded to 'Buy' from 'Neutral' at B. Riley.

    Family Dollar Stores (FDO +0.56%) reported Q2 EPS of 80 cents, well below consensus of 90 cents, and then lowered guidance on fiscal 2014 EPS ex-items to $3.05-$3.25, below consensus of $3.38.

    Chevron (CVX +1.10%) warned in its interim update that earnings for Q1 2014 are expected to be lower than Q4, principally as a result of adverse foreign exchange effects and selected asset impairments and related charges.

    Huber Capital reported a 10.14% passive stake in Uranium Energy (UEC +16.50%) .

    Bed Bath & Beyond (BBBY +0.22%) fell 4% in after-hours trading after it reported Q4 EPS of $1.60, right on consensus, but reported Q4 revenue of $3.2 billion, less than consensus of $3.22 billion.

    PriceSmart (PSMT +0.99%) reported Q2 EPS of 93 cents, better than consensus of 88 cents.

    MARKET COMMENTS

    June E-mini S&Ps (ESM14 -0.01%) this morning are down -2.75 points (-0.15%). The S&P 500 on Wednesday closed higher. Bullish factors included (1) optimism that Q1 quarterly company earnings results will be positive for stocks after Alcoa started off the earnings season by reporting higher-then-expected profits, and (2) reduced interest rate concerns after the minutes of the Mar 18-19 FOMC meeting noted the Fed members said the projections for the timing of a Fed interest rate increase were exaggerated. Closes: S&P 500 +1.09%, Dow Jones +1.11%, Nasdaq +1.76%.

    Jun 10-year T-notes (ZNM14 +0.15%) this morning are up +9 ticks at a 3-week high. Jun 10-year T-note futures prices on Wednesday opened lower on reduced safe-haven demand after stocks rose, but T-notes erased their decline and rallied to a 3-week high after the minutes of the Mar 18-19 FOMC meeting said that the rise in median projections for the Fed to begin raising the Fed funds rate was exaggerated. Closes: TYM4 +5.00, FVM4 +6.25.

    The dollar index (DXY00 -0.01%) this morning is down -0.041 (-0.05%) at a 3-week low. EUR/USD (^EURUSD) is up +0.0013 (+0.09%) at a 2-week high. USD/JPY (^USDJPY) is down -0.35 (-0.34%) at a 3-week low. The dollar index on Wednesday dropped to a 3-week low and closed lower. Bearish factors included (1) the dovish minutes of the Mar 18-19 FOMC meeting in which Fed members said projections for the timing of a Fed interest rate increase were overstated, and (2) strength in EUR/USD which rallied to a 2-week high on speculation the ECB will refrain from QE after the IMF on Tuesday raised its Eurozone 2014 GDP forecast to 1.2% from its Jan estimate of 1.0%. Closes: Dollar index -0.268 (-0.34%), EUR/USD +0.00585 (+0.42%), USD/JPY +0.186 (+0.18%).

    May WTI crude oil (CLK14 -0.23%) this morning is down -20 cents (-0.19%) and May gasoline (RBK14 -0.60%) is down -0.0142 (-0.47%). May crude and gasoline prices on Wednesday posted 1-month highs and closed higher. Bullish factors included (1) the fall in the dollar index to a 3-week low, and (2) the -5.188 mln bbl plunge in weekly EIA gasoline inventories to a 4-1/2 month low versus expectations for a -940,000 bbl draw. Crude oil prices fell back from their best levels after the +4.03 million bbl surge in weekly EIA crude inventories to a 4-month high versus expectations of +970,000. Closes: CLK4 +1.04 (+1.01%). RBK4 +0.0283 (+0.95%).

    GLOBAL EVENT CALENDAR04/10/2014

    US0830 ETWeekly initial unemployment claims expected -6,000 to 320,000, previous +16,000 to 326,000. Weekly continuing claims expected -1,000 to 2.835 million, previous +22,000 to 2.836 million.
     0830 ETMar import price index expected +0.2% m/m and -0.9% y/y, Feb +0.9% m/m and -1.1% y/y.
     0830 ETUSDA weekly Export Sales.
     1100 ETTreasury announces amount of 5-year TIPS to be auctioned Apr 17.
     1130 ETChicago Fed President Charles Evans, ECB Vice President Vitor Constancio and RBI Governor Raghuram Rajan speak on a panel discussion on Global Monetary Policy and Emerging Markets in Washington D.C.
     1300 ETTreasury auctions $13 billion 30-year T-bonds.
     1400 ETMar monthly budget statement expected -$71.0 billion, Feb -$193.5 billion.
    JPN0200 ETJapan machine tool orders, Feb +26.15 y/y.
     1950 ETJapan Mar domestic CGPI expected +0.1% m/m and +1.8% y/y, Feb -0.2% m/m and +1.8% y/y.
    EUR0400 ETECB publishes monthly report for April.
    UK0700 ETBOE announces interest rate decision and asset purchase target.
    CHI2130 ETChina Mar CPI expected +2.4% y/y, Feb +2.0% y/y. Mar PPI expected -2.2% y/y, Feb -2.0% y/y.

    U.S. STOCK CALENDAR04/10/2014

    Company NameTickerTimeEvent DescriptionPeriodEstimate
    Family Dollar Stores IncFDO USBef-mktQ2 2014 Earnings ReleaseQ2 20140.895
    Commerce Bancshares Inc/MOCBSH USBef-mktQ1 2014 Earnings ReleaseQ1 20140.677
    L Brands IncLB US7:30March 2014 Sales and Revenue Call2014 
    ConocoPhillipsCOP US9:00Analyst MeetingY 2014 
    Family Dollar Stores IncFDO US10:00Q2 2014 Earnings CallQ2 2014 
    Host Hotels & Resorts IncHST US10:00Investor DayY 2014 
    Gap Inc/TheGPS US March 2014 Sales and Revenue Release2014 
    Gap Inc/TheGPS US March 2014 Sales and Revenue Call2014 
    L Brands IncLB US March 2014 Sales and Revenue Release2014 
    Questar CorpSTR US Roadshow - Day 3Y 2014 
    Weyerhaeuser CoWY US Annual General Meeting  
    Adobe Systems IncADBE US Annual General Meeting  
    Costco Wholesale CorpCOST US March 2014 Sales and Revenue Release2014

    Tags: TAP, RAD, FB, TWTR, PIR, AKAM, FDO, CVX, HST, UEC, BBBY, PSMT, CBSH, LB, COP, GPS, STR, WY, ADBE, COST
    Apr 10 10:48 AM | Link | Comment!
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  • $ATO - 100% Barchart technical buy signals - 12 new highs and up 7.65% in the last month - Relative Strength Index 73.58%
    Apr 10, 2014
  • Atmos Energy - Barchart's Chart Of The Day $ATO http://seekingalpha.com/p/1omct
    Apr 10, 2014
  • $HPT - 100% BArchart technical buy signals - 11 new highs and up 7.87% in the last month - Relative strength Index 73.43%
    Apr 10, 2014
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