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
  • Gannett Co - Barchart's Chart Of The Day 0 comments
    Jan 7, 2014 4:36 PM | about stocks: GCI

    The Chart of the Day is Gannet Co (NYSE:GCI). I found the stock by sorting the New High List for frequency in the last month, eliminated the stocks that did not have positive gains for the last week and month, then reviewed the charts using the Flipchart feature. Since the Trend Spotter signaled a buy on 12/14 the stock gained 8.44%.

    It is an international news and information company that publishes daily newspapers in the USA, including USA TODAY, the nation's largest-selling daily newspaper. The company also owns in excess of 400 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes more than 300 titles, including 15 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 22 television stations in the United States.

    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
    • 15 new highs and up 16.71% in the last month
    • Relative Strength Index 73.36%
    • Barchart computes a technical support level at 29.02
    • Recently traded at 29.84 with a 50 day moving average of 27.38

    Fundamental factors:


    • Market Cap $6.84 billion
    • P/E 13.04
    • Dividend yield 2.70%
    • Revenue expected to decrease 3.20% this year but grow 14.80% next year
    • Earnings estimated to decrease 12.00% this year but increase again by 35.60% next year and continue to increase by 8.00% annually for the next 5 years
    • Financial Strength is B

    I put this chart in here as a learning lesson. Technically and fundamentally the stock looks very good. However when I look at the chart I see very erratic movement, momentum that is uncertain, including some day with great volatility. I don't like uncertainty. Always took at all 3 indicators - technical, fundamental and visual before committing funds.

    Stocks: GCI
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


  • $AVGO - 96% technical buy signals - 11 new highs and up 10.15% in the last month - Relative Strength Index 65.65%
    about 22 hours ago
  • $ULTA - 96% technical buy signals - 11 new highs and up 5.76% in the last month - Relative Strength 69.50%
    about 22 hours ago
  • $XLNX - 100% technical buy signals - 14 new highs and up 11.64% in the last month - Relative Strength Index 79.15%
    about 23 hours 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.