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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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Marketocracy Capital Management
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Barchart Portfolio Blogs
  • Novartis AG - Barchart's Chart Of The Day 0 comments
    May 12, 2014 5:19 PM | about stocks: NVS

    The Chart of the Day is Novartis AG (NYSE:NVS). I fount the stock by sorting the 52 Week New High List for new high frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 3/34 the stock gained another 4.23%

    Novartis AG is committed to improving health and well-being through innovative products and services. The company aspires to capture and hold a leadership position in all of their businesses with a strong, sustainable performance based on continuous innovation. Their long-term success is founded on meeting the expectations of all our stakeholders - their customers, their people, their shareholders and the communities in which they live and work. (Press Release)

    (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:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 7.19% in the last month
    • Relative Strength Index 68.79%
    • Barchart computes a technical support level at 88.18
    • Recently traded at 88.61 with a 50 day moving average of 84.08


    Fundamental factors:

     

    • Market Cap $214.97 billion
    • P/E 17.37
    • Dividend yield 2.04%
    • Revenue expected to grow 1.80% this year and an other 1.50% next year
    • Earnings estimated to increase 5.40% this year, an additional 4.70% next year and continue to increase at an annual rate of 5.40% for the next 5 years
    • Wall Street analysts issued 2 strong buy and 4 holds on the stock

    If you have to have one big cap pharma, this might be it. Use the 50 day moving average to gauge sings of weakness and the 100 day moving average to exit.

    Stocks: NVS
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