Jim Van Meerten's  Instablog

Today I used Barchart to sort the NASDAQ 100 Index to find the stocks with the best technical indicators and charts. My list includes Bed Bath and Beyond (BBBY), Henry Schein (HSIC), Sandisk (SNDK), Staples (SPLS), Applied Material (AMAT):

Bed Bath and Beyond (BBBY)

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Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 2.97% in the last month
• Relative Strength Index 63.26%
• Barchart computes a technical support level at 69.99
• Recently traded at 71.26 with a 50 day moving average of 68.18

Henry Schein (HSIC)

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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 2.48% in the last month
• Relative Strength Index 63.95%
• Barchart computes a technical support level at 96.04
• Recently traded at 97.79 with a 50 day moving average of 93.40

Sandisk (SNDK)

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Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Sp[otter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 2.52% in the last month
• Relative Strength Index 64.91%
• Barchart computes a technical support at 58.10
• Recently traded at 61.29 with a 50 day moving average of 56.78

Staples (SPLS)

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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 13.16% in the last month
• Relative Strength Index 77.71%
• Barchart computes a technical support level at 15.44
• Recently traded at 16.43 with a 50 day moving average of 14.16

Applied Materials (AMAT)

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Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Sp[otter buy signal
• Above its 20, 50 and 100 day moving averages
• 6 new highs and up 5.61% in the last month
• Relative Strength Index 63.59%
• Barchart computes a technical support level at 15.15
• Recently traded at 15.80 with a 50 day moving average of 14.52

Today I used Barchart to sort the S&P 600 Small Cap Index for the stocks with the best technical indicators and charts. The list today includesSalix Pharmaceuticals (SLXP), Ruth's Hospitality Group (RUTH), Pro-Assurance (PRA), Live Nation Entertainment (LYV) and Lance (LNCE):

Salix Pharmaceuticals (SLXP)

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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 11.82% in the last month
• Relative Strength Index 77.92%
• Barchart computes a technical support level at 65.20
• Recently traded at 66.30 with a 50 day moving average of 55.99

Ruth's Hospitality Group (RUTH)

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Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 4.60% in the last month
• Relative strength Index 69.05%
• Barchart computes a technical support level at 11.86
• Recently traded at 12.27 with a 50 day moving average of 10.83

Pro-Assurance (PRA)

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Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 5 new highs and up 1.29% in the last month
• Relative Strength Index 68.12%
• Barchart computes a technical support level at 51.25
• Recently traded at 51.73 with a 50 day moving average of 49.61

Live Nation Entertainment (LYV)

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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 10.48% in the last month
• Relative Strength Index 64.90%
• Barchart computes a technical support level at 15.10
• Recently traded at 15.350 with a 50 day moving average of 13.36

Lance (LNCE)

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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 2.02% in the last month
• Relative Strength Index 62.69%
• Barchart computes a technical support level at 26.78
• Recently traded at 27.25 with a 50 day moving average of 25.83

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.

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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.