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
  • Smithfield Foods (SFD) - Barchart Chart of the Day 3/25 0 comments
    Mar 25, 2011 8:13 AM | about stocks: SFD's Chart of the Day - Smithfield Foods (NYSE:SFD)
    Barchart Research Team - - Thu Mar 24, 7:01PM CDT
    Related Stocks
     SFD - Smithfield Foods
    Sym Last Chg Pct
    SFD 23.97 +1.28 +5.64%

    The "Chart of the Day" is Smithfield Foods (SFD), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Smithfield Foods on Thursday rallied by 5.64% and broke out to a new 2-1/2 year high. In recent news on the stock, BB&T on Thursday upgraded Smithfield to a Buy from Hold and provided a target of $28 on its view of stability in pork margins and attractive stock valuation. Smithfield has also received a boost from ideas that Japan will increase demand for US pork given its radiation problems in the north. However, analyst views are mixed given that Goldman Sachs this past Monday downgraded Smithfield to Neutral from Buy and left its target at $24 due to expectations for lower hog prices towards summer. Smithfield Foods, with a market cap of $3.8 billion, is one of the world's largest hog producers and pork processors.


    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.

    Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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 web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

    Quotes and Charts
    Detailed Quote

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive
    View Past Chart of the Day Reports

Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $LGIH 100% Barchart technical buy signals - 5 new highs and up 12.05% in the last month - Relative Strength Index 63.53%
    about 5 hours ago
  • $TYL - 100% Barchart technical buy signals - 11 new highs and up 23.65% - Relative Strength Index 75.23%
    about 13 hours ago
  • $GPN 88% Barchart technical buy signals - 8 new highs and up 5.99% in the last month - Relative Strength Index 56.70%
    about 13 hours ago
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.