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
  • International Game Technologies - Barchart Chart of the Day 0 comments
    Jul 28, 2011 8:17 AM | about stocks: IGT
    Barchart.coms Chart of the Day - International Game Technology (NYSE:IGT)
    Barchart Research Team - Barchart.com - Wed Jul 27, 5:13PM CDT
    Related Stocks
    IGT - International Game Technology
    Sym Last Chg Pct
    IGT 18.80 +0.71 +3.92%

    The "Chart of the Day" is International Game Technology (IGT), which showed up on Wednesday's Barchart "NYSE 12-Month High" list. IGT on Wednesday rallied by 3.92% and edged to a new 13-month high. TrendSpotter has been Long on IGT since July 1 at $17.99. In recent news on the stock, IGT on Tuesday reported fiscal Q3 adjusted EPS of 26 cents versus the consensus of 22 cents. Credit Suisse on Wednesday after that positive earnings news reiterated its Outperform rating on IGT and raised its target to $24 from $22. Sterne Agee on July 12 upgraded IGT to Buy from Neutral and raised its target to $23. International Game Technology, with a market cap of $5.5 billion, is one of the largest manufacturers of computerized casino gaming products and operators of proprietary gaming systems in the world and was the first to develop computerized video gaming machines.

    igt_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.

    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 Barchart.com 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
    Quote
    Detailed Quote
    Chart

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

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


    Chart of the Day Archive
    View Past Chart of the Day Reports
    Stocks: IGT
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

  • $WK - 96% technical buy signals - 19 new highs and up 26.83% in the last month - Relative Strength index 83.85%
    3 minutes ago
  • $MYOK - 100% technical buy signals - 7 New highs and up 32.3% in the last month - Relative Strength Index 77.17%
    about 19 hours ago
  • $EXEL - 80% technical buy signals - 8 new highs and up 31.22% in the last month - Relative Strength Index 76.0%
    2 days ago
More »

Latest Comments


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.