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. 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
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • Southwest Airlines (LUV) Barchart Chart Of The Day 0 comments
    Mar 19, 2013 5:55 PM | about stocks: LUV

    The Chart of the Day is Southwest Airline (LUV). The Trend Spotter signaled a buy on 11/8 and the stock is up 38% since then. The 96% Barchart technical buy signal was earned by advancing 16 times and gaining 8.03% in the last month. The stock was found on the Barchart New High list after sorting for frequency.

    They are a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest operates over Boeing 737 aircraft in numerous cities.

    (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 signal
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 8.03% in the last month
    • Relative Strength Index 71.48%
    • Barchart computes a technical support level at 12.41
    • Recently traded at 12.64 with a 50 day moving average of 11.61


    Fundamental factors:

     

    • Market Cap - $9.33 billion
    • P/E 22.11
    • Dividend yield .32%
    • Revenue projected to increase 5.70% this year and another 3.40% next year
    • Earnings estimated to increase 76.80% this year, an additional 21.20% next year and continue to increase annually at the rate of 32.65% for the next 5 years
    • Analysts issued 8 strong buy, 1 buy, 4 hold and a sell recommendation
    • Financial Strength B+


    Exit strategy: Consider a sell if you lose 10% or the stock trades below its 50 day moving average.

    Stocks: LUV
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

StockTalks

  • Argan - Bartchart's Chart Of The Day $AGX http://seekingalpha.com/p/1tfdh
    about 10 hours ago
  • $GPRE - 100% Barchart technical buy signals - 10 new highs and up 12.97% for the month - Relative Strength Index 77.16%
    about 11 hours ago
  • $GTAT - 40% Barchart technical sell signal - 8 new highs but down .12% for the month - Relative Strength Index 40.10%
    about 11 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.