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
  • Oiltanking Partners LP - Barchart's Chart Of The Day 0 comments
    May 16, 2014 11:20 AM | about stocks: OILT

    The Chart of the Day is Oiltanking Partners LP (NYSE:OILT). There are many different way to find great stocks on Barchart. Today I used the Signals screen under the Stock tab to find the top 10 performers then sorted them for new high frequency in the last month. I then used the Flipchart feature to review the charts to find the one I liked best. Since the Trend Spotter signaled a buy ion 2/26 the stock has gained 40.97%.

    OILT is engaged in providing terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. The Company provides its services to integrated oil companies, distributors, marketers and chemical and petrochemical companies. Its assets are located along the upper Gulf Coast of the United States.

    (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 buy signal
    • Above its 20, 50 and 100 day moving averages
    • 12 new highs and up 21.14% in the last month
    • Relative Strength index 83.19%
    • Barchart computes a technical support level at 88.82
    • Recently traded at 94.52 with a 50 day moving average of 78.90

    Fundamental factors:

    • Market Cap $2.08 billion
    • P/E 35.30
    • Dividend yield 2.17%
    • Revenue predicted to increase by 24.30% this year and another 22.00% next year
    • Earnings estimated to increase 23.80% this year, an additional 13.50% next year and continue to increase at an annual rate of 17.60% for the next 5 years
    • Wall Street analysts issued 1 strong buy, 5 buy, 4 hold and 1 under perform recommendation on the stock

    Anything with energy is having a field day recently. Energy stocks can go down just as quickly as they go up. Use a disciplined trading program and use the 50 day moving average as a caution signal and the 100 day moving average to confirm a trend and exit point.

    Stocks: OILT
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

StockTalks

  • $BFS - 96% technical buy signals - 13 new highs and up 16.20% in the last month - Relative Strength Index 81.16%
    3 days ago
  • $AHH 96% technical buy signals - 15 new highs and up 15.27% in the last month - Relative Strength Index 81.43%
    5 days ago
  • $LMT - 80% technical buy signals - 16 nedw highs and up 9.01% in the last month - Relative Strength Index 82.48%
    5 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.