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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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  • Esterline Technologies - Barchart's Chart Of The Day 0 comments
    Jul 24, 2013 8:02 AM | about stocks: ESL

    The Chart of the Day is Esterline Technologies (NYSE:ESL). During the last month the stock hit 19 new highs and was up 16.14% with a Relative Strength Index of 80.42%. The stock was found by sorting the New High List for frequency.

    It is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design, manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft, helicopters, and land-based systems. Their sales are diversified across three broad markets: defense, commercial aerospace, and general industrial.

    (click to enlarge)

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 19 new highs and up 16.14% in the last month
    • Relative Strength Index 80.42%
    • Barchart computes a technical support level at 81.68
    • Recently traded at 82.52 with a 50 day moving average of 75.43


    Fundamental factors:

     

    • Market Cap $2.56 billion
    • P/E 17.45
    • Revenue projected to grow 1.40% this year and another 4.60% next year
    • Earnings estimated to increase 4.90% this year, an additional 11.70% next year and continue to increase annually by 15.00% for the next 5 years
    • Financial Strength B++


    Exit if the stock drops below its 50 day moving average.

    Stocks: ESL
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