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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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Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Symetra Financial - Barchart's Chart Of The Day 0 comments
    Jun 16, 2013 1:44 PM | about stocks: SYA

    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 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.

    Stocks: SYA
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