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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 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
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  • Kodiak Oil - Barchart's Chart Of The Day 3 comments
    Jul 24, 2014 3:06 PM | about stocks: KOG

    The Chart of the Day belong to Kodiak Oil (NYSE:KOG). I found the stick by sorting today's New High List for new high frequency in the last month then used the Flipchart feature to review the stocks. Since the Trend Spotter signaled a buy on 6/6 the stock gained 22.32%,

    KOG is an independent energy exploration and development company. It is focused on exploring, developing and producing oil and natural gas primarily in the Williston Basin in the U.S. Rocky Mountains. Kodiak Oil & Gas Corp. is headquartered in Denver, Colorado.

    (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 web site when you read.

    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 16.33% in the last month
    • Relative Strength Index 65.81%
    • Barchart computes a technical support level at 15.70
    • Recently traded at 15.91 with a 50 day moving average of 13.85

    Fundamental factors:


    • Market Cap $4.24 billion
    • P/E 23.68
    • Revenue expected to grow 32.30% this year an another 25.00% next year
    • Earnings estimated to increase by 33.90% this year, an additional 34.20% next year and continue to increase at an annual rate of 43.95% for the next 5 years
    • Wall Street analysts issued 4 strong buy, 9 buy and 9 hold recommendations on the stock

    Watch the 50 and 100 day moving averages and bail at the 100 day moving average.

    Stocks: KOG
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Comments (3)
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  • Raw Energy
    , contributor
    Comments (985) | Send Message
    Why highlight a stock for a company that already announced it is being acquired (by WLL)? Other than the arbitrage potential or another bidder emerging, there doesn't seem to a very high likelihood that its recent technical pattern will continue.
    24 Jul 2014, 06:53 PM Reply Like
  • Growfast
    , contributor
    Comments (285) | Send Message
    Raw - Could you be underestimating the growth WLL is experiencing and the upcoming earnings report?
    25 Jul 2014, 10:49 AM Reply Like
  • Raw Energy
    , contributor
    Comments (985) | Send Message
    The author's comment was on a technical pattern, not fundamentals. KOG's technical pattern was largely due to its one time acquisition by WLL. Going forward, looking for several months of relative stagnation due to pendency of merger, then it will be WLL's technical (and fundamentals) that will control. Bakken evolving from expansion to efficiency of drilling/operations as key drivers ... imo.
    28 Jul 2014, 11:50 AM Reply Like
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