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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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  • Nothern Technologies International - Chart Of The Day 0 comments
    Sep 12, 2013 5:32 PM | about stocks: NTIC

    The Chart of the Day is Northern Technologies International (NASDAQ:NTIC). Although small it's is gathering a following and in the last 6 month was up 47.16%.

    It develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. Their primary business is corrosion prevention. It has been selling its proprietary rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets. The company's technical service consultants work directly with the end users of their products to analyze their specific needs and develop systems to meet their technical requirements. Recently they launched a new product line of compounds and finished products based on a portfolio of proprietary bio-plastic technologies. It also is in various stages of development with respect to several other emerging businesses.

    (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
    • 14 new highs and up 7.04% in the last month
    • Relative Strength Index 70.31%
    • Barchart computes a technical support level at 15.50
    • Recently traded at 15.82 with a 50 day moving average of 13.42

    Fundamental factors:


    • Market Cap $70 million
    • P/E 31.10
    • Revenue expected to grow 5.40% this year and another 21.00% next year
    • Earnings are estimated to increase 31.60% next year and continue to increase at an annual rate of 20.00% for at least the next 5 years
    • Wall Street analysts issued 1 strong buy and 1 buy recommendation to their clients
    • Financial Strength C++

    This is a small company so please watch your moving averages if you're not in it for the long haul.

    Stocks: NTIC
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