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
  • Corning - Barchart's Chart Of The Day 0 comments
    Jan 13, 2014 5:06 PM | about stocks: GLW

    The Chart of the Day is Corning (NYSE:GLW). I found the stock by sorting the New High List, skipped the stocks not having positive gains for the last week and month and used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/1/ the stock gained 20.13%.

    It manufactures optical fiber, cable and photonic products for the telecommunications industry; and high-performance displays and components for television and other communications-related industries. The company also uses advanced materials to manufacture products for scientific, semiconductor and environmental markets.

    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:

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 6.75% in the last month
    • Relative Strength Index 62.94%
    • Barchart computes a technical support level at 17.75
    • Recently traded at 18.02 with a 50 day moving average of 17.21%

    Fundamental factors:

    • Market Cap $26.32 billion
    • P/E 13.95
    • Dividend yield 2.22%
    • Revenue predicted to decrease 1.80% this year but increase by 27.10% next year
    • Earnings estimated to shrink 5.40% his year but increase by 24.60% next year and continue to increase at an annual rate of 17.60% for the next 5 years
    • Wall Street brokerage firms issued 4 strong buy, 5 buy, 11 hold and 1 under perform recommendation on the stock
    • Financial Strength is B+

    Use the 100 day moving average on this stock for signs of weakness.

    Stocks: GLW
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


  • $NVDA - 96% technical buy signals - 16 new highs and up 23.92% - Relative Strength index 73.85%
    about 15 hours ago
  • $UFPI - 96% technical buy signals - 15 new highs and up 22.16% in the last month - Relative Strength Index 72.83%
    2 days ago
  • $OFG - 96% technical buy signals - 15 new highs and up 23.03% in the last month - Relative Strength Index 75.19%
    2 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.