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
  • Magnetek - Barchart's Chart Of The Day 0 comments
    Jul 23, 2014 2:55 PM | about stocks: MAG

    The Chart of the Day is Magnetek (NASDAQ:MAG). I found the stock by sorting today's New High List for frequency of new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy on 7/14 the stock gained 4.90%.

    MAG manufactures digital power and motion control systems used in material handling, people moving, wireless communications and energy delivery. The Company is headquartered in Menomonee Falls, WI in the greater Milwaukee area and operates manufacturing plants in Pittsburgh, PA and Mississauga, Ontario, Canada as well as Menomonee Falls.

    (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.

    Barchart technical indicators:

    • Barchart technical buy signal 100%
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 10.56% in the last month
    • Relative Strength Index 24.21%
    • Barchart computes a technical support level at 24.21
    • Recently traded at 25.45 with a 50 day moving average of 23.00


    Fundamental factors:

     

    • Market Cap $82.97 million
    • P/E 18.79
    • Earnings expected to increase 28.80% this year and another 31.70% next year
    • The analyst following the stock has a hold rating in place.


    Very fast moving so strictly watch the 50 and 100 day moving averages

    Stocks: MAG
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

  • $WEC - 96% Barchart technical buy signals --8 new highs and up 4.11% in the last month - Relative Strength Index 71.81%
    about 20 hours ago
  • $ABC - 100% Barchart technical buy signals - 10 new highs and up 5.31% in the last month - Relative Strength Index 71.67%
    about 20 hours ago
  • $EA - 100% Barchart technical buy signals - 5 new highs and up 12.99% in the last month - Relative Strength Index 76.3%
    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.