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
  • Validus Holdings - Chart Of The Day 0 comments
    Oct 22, 2013 3:43 PM | about stocks: VR

    The Chart of the Day is Validus Holdings (NYSE:VR). I found the stock at the top of the New High List when I sorted for frequency. Since the Trend Spotter signaled a buy on 9/10 the stock is up 9.52%. The yield of 3.07 and low P/E of 11.08 is attractive.

    It is a global provider of short-tail lines of reinsurance including property catastrophe, property pro-rata and property per risk, marine and energy, and other specialty lines. Validus was formed in December following the significant natural catastrophes of 2005 with an experienced management team and an unencumbered capital base of approximately $1 billion.

    (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
    • 18 new highs and up 7.57% in the last month
    • Relative Strength Index 73.76%
    • Barchart computes a technical support level at 38.66
    • Recently traded at 39.28 with a 50 day moving average of 36.39


    Fundamental factors:

     

    • Market Cap $4.10 billion
    • P/E 11.08
    • Dividend yield 3.07%
    • Revenue projected to grow 15.70% this year and another 4.60% next year
    • Earnings estimated to increase by 73.00% this year and continue to increase at an annual rate of 15.58% for the next 5 years
    • Wall Street analysts issued 1 strong buy, 6 buy and 4 hold recommendations


    Watch the 50 day moving average for signs of weakness.

    Stocks: VR
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

  • $BTI - 100% technical buy signals -10 new highs and up 8.17% in the last month - Relative Strength Index 64.37%
    about 14 hours ago
  • $SR - 80% technical buy signals - 19 new highs and up 8.45% in the last month - Relative Strength Index 71.93%
    1 day ago
  • $INTU - 96% technical buy signals - 4 new highs and up 1.30% in the last month - Relative Strength Index 58.46%
    1 day 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.