Seeking Alpha

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
  • Genmark Diagnostics - Barchart's Chart Of The Day 0 comments
    Jan 14, 2014 6:08 PM | about stocks: GNMK

    The Chart of the Day is Genmark Diagnostics (NASDAQ:GNMK). I found the stock by sorting the New High List for frequency in the last month, skipped the stocks that didn't have a positive gain for the last week and month and used the Flipchart feature to review the charts, Since the Trend Spotter signaled a buy on 12/20 the stock gained 11.92%.

    It is a molecular diagnostics company focused on developing and commercializing its proprietary eSensor(NYSE:R) detection technology. The eSensor' XT-8 system is the second generation in GenMark Dx's eSensor' platform, utilizing electrochemical detection technology to detect nucleic acids on a microarray. The XT-8 System enables multiplex detection of DNA and RNA targets. The Company has developed four diagnostic tests for use with its XT-8 System. Its Cystic Fibrosis Genotyping Test, which detects pre-conception risks of cystic fibrosis, and its Warfarin Sensitivity Test, which determines an individual's ability to metabolize the oral anticoagulant warfarin, have received FDA clearance. It has also developed a Respiratory Viral Panel Test, which detects the presence of major respiratory viruses, and a Thrombosis Risk Test, which detects an individual's increased risk of blood clots.

    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:

    • 80% Barchart technical buy signals
    • Trend Spotter buy signals
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 19.06% in the last month
    • Relative Strength Index 67.58%
    • Barchart computes a technical support level at 12.86
    • Recently traded at 13.99 with a 50 day moving average of 12.30

    Fundamental factors:


    • Market Cap $564.36 million
    • Revenue predicted to be up 33.70% this year and another .90% nest year
    • Earnings estimated to be up 4.80% this year, flat next year, but increase at an annual rate of 30.00% for the next 5 years
    • Wall Street analysts issued 2 strong buy and 4 buy recommendation on the stock
    • Financial Strength is B

    The stock looks good for the long haul but has some volatility so use the 100 day moving average as your exit point.

    Stocks: GNMK
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


  • $LGIH 100% Barchart technical buy signals - 5 new highs and up 12.05% in the last month - Relative Strength Index 63.53%
    about 15 hours ago
  • $TYL - 100% Barchart technical buy signals - 11 new highs and up 23.65% - Relative Strength Index 75.23%
    about 23 hours ago
  • $GPN 88% Barchart technical buy signals - 8 new highs and up 5.99% in the last month - Relative Strength Index 56.70%
    about 23 hours ago
More »

Latest Comments

Posts by Themes
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.