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
  • Idacorp - Barchart's Chart Of The Day 0 comments
    Jul 30, 2013 6:18 PM | about stocks: IDA

    The Chart of the Day is Idacorp (NYSE:IDA). The stock was near the top of the list when I sorted the New High List for frequency. 7 new highs and a price increase of 10.66% in the last month is a good sign.

    It is an electric public utility company. The company is engaged in the generation, purchase, transmission, distribution and sale of electric energy primarily in the areas including southern Idaho, eastern Oregon and northern Nevada. The company relies heavily on hydroelectric power for its generating needs and is one of the nation's few investor-owned utilities with a predominantly hydro base. The company's principal commercial and industrial customers include lodges, condominiums, and ski lifts and related facilities.

    (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 10.66% in the last month
    • Relative Strength Index 69.73%
    • Barchart computes a technical support level at 52.47
    • Recently traded at 52.85 with a 50 day moving average of 49.23


    Fundamental factors:

     

    • Market Cap $2.65 billion
    • P/E 14.79
    • Dividend yield 2.89%
    • Revenue expected to be up 3.10% this year and another .90% next year
    • Earnings estimated to increase 2.70% next year and continue to increase annually by 4.00% each year for the next 5
    • Wall Street analysts issued 1 strong buy, 1 buy and 2 hold recommendations
    • Financial Strength B++


    Sell if the stock drops below its 50 day moving averages.

    Stocks: IDA
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

  • $DW - 100% technical buy signals - 14 new highs and up 15.83% in the last month - Above its 20, 50 and 100 day moving averages
    1 day ago
  • $ACC 96% technical buy signals - 12 new highs and up 6.73% in the last month - Above its 20, 50 and 100 day moving averages
    2 days ago
  • $CTWS - 88% technical buy signals - new highs and up % in the last month- Above its 20, 50 and 100 day moving averages
    3 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.