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
  • Molson Coors Brewing Co - Barchart's Chart Of The Day 0 comments
    Apr 4, 2014 4:50 PM | about stocks: TAP

    The Chart of the Day is Molson Coors Brewing Co (NYSE:TAP). I found the stock by sorting the All Time High list for new highs frequency in the last month then used the Flipchart feature to review the charts. Since the Trend spotter signaled a buy on 2/18 the stock gained 7.29%.

    TAP is world's fifth-largest global brewer. Molson Coors Brewing Company has 15,000 employees worldwide, 18 breweries, and a broad portfolio of over 40 brands, including Molson Canadian, Coors Light and Carling.

    (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:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 10 new highs and up 5.04% in the last month
    • Relative Strength Index 67.42%
    • Barchart computes a technical support level at 59.02
    • Recently traded at 59.79 with a 50 day moving average of 56.27

    Fundamental factors:


    • Market Cap $9.68 billion
    • P/E 15.10
    • Dividend yield 2.49%
    • Revenue expected to grow .20% this year and another 1.90% next year
    • Earnings estimated to increase 3.30% this year, an additional 4.70% next year and continue to increase at an annual rate of 5.90% for the next 5 years
    • Wall Street analysts issued 2 strong buy, 2 buy, 3 hold and 2 under perform recommendation on the stock

    When times get tough the tough continue to drink. Watch the 50 day moving averages as a caution signal and the 100 day moving average as an exit signal.

    Stocks: TAP
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


  • $SNA - 100% Barchart technical buy signals - 7 new highs and up 6.25% in the last month - Relative Strength Index 66.42%
    about 9 hours ago
  • $CSH - 72% Barchart technical buy signals - 12 new highs and up 12.48% in the last month - Relative strength Index 58.98%
    about 20 hours ago
  • $SCL - 96% Barchart technical buy signals - 12 new highs and up 10.78% in the last month - Relative strength Index 76.63%
    about 20 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.