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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 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
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  • Seattle Genetics (SGEN) Barchart Chart Of The Day 0 comments
    Mar 21, 2013 5:52 PM | about stocks: SGEN

    The Barchart Chart of the Day is Seattle Genetics (NASDAQ:SGEN) and was found by sorting the Barchart New High list for frequency then using the Flipchart function to review the charts. In the last month the stock rose in 17 session for a gain of 29.63% and has a Trend Spotter buy signal. It has great fundamentals for next year.

    The Company develops monoclonal antibody-based drugs to treat cancer and related diseases. Using its monoclonal antibody-based technologies and its expertise in cancer, they have assembled a portfolio of drug candidates targeted to many types of human cancers.

    (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 29.63% in the last month
    • Relative Strength Index 79.95%
    • Barchatt computes a technical support level at 33.79
    • Recently traded at 34.78 with a 50 day moving average of 29.64

    Fundamental factors:


    • Market Cap $4.14 billion
    • Revenue projected to increase 24.40% next year
    • Earnings estimated to grow 33.30% next year
    • Analysts issued 3 strong buy, 1 buy, 5 hold and 2 sell reports
    • Financial Strength B++

    Exit if you lose 10% from your entry point or if the stock trades below its 50 day moving average

    Stocks: SGEN
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