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
  • Western Refining Logistics - Barchart's Chart Of The Day 0 comments
    Apr 29, 2014 3:13 PM | about stocks: WNRL

    The Barchart Chart of the Day is Western Refining Logistics (NYSE:WNRL). I found the stock by sorting the New High list for the stocks with the best technical buy signals then reviewed the charts using the Flipchart feature. Since the Trend Spotter signaled a buy on 4/23 the stock gained 4.19%.

    WNRL owns, operates, develops, and acquires terminals, storage tanks, pipelines, and other logistics assets. The Company's assets consist of pipeline and gathering assets and terminalling, transportation, and storage assets in the Southwestern portion of the U.S.

    (click to enlarge)

    The status of 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:

    • 100% Barchart technical buy signals
    • Trend Spotter technical buy signal
    • Above its 20, 50 and 100 day moving averages
    • 5 new highs and up 7.68% in the last month
    • Relative Strength Index 70.54%
    • Barchart computes a technical support level at 30.94
    • Recently traded at 32.92 with a 50 day moving average of 30.64

    Fundamental factors:


    • Market Cap $750.91 million
    • Dividend yield 3.02%
    • Revenue predicted to increase 326.50% this year and another 11.90% next year
    • Earnings estimated to increase 515.80% this year, an additional 29.10% next year and continue to increase at an annual rate of 53.90% for the next 5 years
    • Wall Street analysts issued 2 strong buy, 1 buy and 2 hold recommendations on the stock

    Good revenue and earnings projection buy watch the moving averages for signals of weakness.

    Stocks: WNRL
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


  • $FARM = 100% technical buy signals - 19 new highs and up 19.51% in the last month - Relative Strength Index 82.78%
    1 day ago
  • $WIN - 96% technical buy signals - 16 new highs and up 19.76% in the last month - Relative Strength index 75.56%
    1 day ago
  • $AIZ - 96% technical buy signals - 13 new highs and up 3.93% in the last month - Relative Strength Index 57.88%
    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.