Jim Van Meerten's  Instablog

The Chart of the Day is Symetra Financial (SYM). I found the stock by sorting the New High List for frequency. One of your most frequent questions in how do I spot a breakout stock in its early stages. The best way is to look at the New High List each day and sort for frequency. Use the flipchart feature to review the stocks that had at least 10 advances in the last month.

The Company offers an array of employee benefits, annuities and life insurance products through four operating segments: Group, Retirement Services, Income Annuities and Individual. Group includes medical stop-loss insurance, limited medical benefit plans, and group life, accidental death and dismemberment insurance and disability income insurance to employer groups. Retirement Services include fixed and variable deferred annuities, including tax-sheltered annuities, individual retirement accounts and group annuities to qualified 401(k), 403(b) and 457 retirement plans. Income Annuities include single-premium immediate annuities, single-premium deferred-payout annuities, and structured settlement annuities to fund third-party personal injury settlements. Individual includes term, universal and variable life insurance, as well as bank-owned life insurance.

(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:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 13.85% in the last month
• Relative Strength Index 78.20%
• Barchart computes a technical support level at 15.12
• Recently traded at 15.37 with a 50 day moving average of 13.71

Fundamental factors:

• Market Cap $1.83 billion
• P/E 12.07
• Dividend yield 2.07%
• Revenue projected to increase 1.60% this year and another .50% next year
• Earnings estimated to grow 3.70% this year, an additional 5.80% next year and continue to increase on a annual basis at the rate of 9.00% for the next 5 years
• Wall Street analysts issued 5 hold and 4 sell recommendations

No one can predict a target price no matter how hard they try so always monitor a stocks momentum and bail if it drops below its 50 day moving average.

The Chart of the Day is Perficient (PRFT) and was found by sorting the New High List for frequency. The stock has both a Trend Spotter buy signal and 88% Barchart technical buy signals. The Relative Strength Index is 72.72%. Since the Trend Spotter signaled a buy on 5/7 the stock is up 19.96%.

The company helps clients acquire and strengthen customer relationships, reduce costs and empower employees by creating an Enabled Enterprise. Through their Enabled Enterprise solutions, Global 3000 companies can drive return-on-investment by unlocking the power of their existing enterprise resource planning and legacy systems.

(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:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 19.03% in the last month
• Relative Strength Index 72.72%
• Barchart computes a technical support level at 13.11
• Recently traded at 13.70 with a 50 day moving average of 11.61

Fundamental factors:

• Market Cap $455.94 million
• P/E 19.17
• Revenue projected to grow 11.10% this year and 6.10% next year
• Earnings estimated to increase 12.00% this year, an additional 12.60% next year and continue to increase annually by 20.40% for the next 5 years
• Wall Street analysts issued 2 strong buy recommendations
• Financial Strength B+

Exit your position if the stock drops below its 50 day moving average.

The Chart of the Day is Schweitzer-Mauduit International (SWM) is the Chart of the Day. Since the Trend Spotter signaled a buy on 5/3 the stock is up 22%. The Relative Strength Index is 78.33 and in the last month the stock advanced 17 times for a gain of 13.69%. The stock was found by sorting the New High List for frequency.

The company is a diversified producer of premium specialty papers and the world's largest supplier of fine papers to the tobacco industry.

(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:

• 96% Barchart technical buy signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 13.69% in the last month
• Relative Strength Index 78.33%
• Barchart computes a technical support level at 49.07
• Recently traded at 49.51 with a 50 day moving average of 43.07

Fundamental factors:

• Market Cap $1.55 Billion
• P/E 13.48
• Dividend yield 2.43%
• Revenue projected to grow .20% next year
• Earnings estimated to increase by 6.80% this year , an additional 8.40% next year and continue to increase annually by 15.00% for the next 5 years
• Wall Street analysts issued 1 strong buy, 1 buy and a hold recommendation
• Financial Strength B+

Hold until the stock drops below its 50 day moving average.