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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
  • Apple - Barchart's Chart Of The Day 0 comments
    Aug 25, 2014 5:52 PM | about stocks: AAPL

    The Chart of the Day belongs to Apple (NASDAQ:AAPL). I found the stock by looking at the All Time High list and then used the Flipchart function to review the charts, Since the Trend Spotter signaled a buy on 8/13 the stock gained 4.42%,

    Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

    (click to enlarge)

    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
    • 6 new highs and up 3.96% in the last month
    • Relative Strength Index 74.11%
    • Barchart computes a technical support level at 100.77
    • Recently traded at 101.54 with a 50 day moving average of 95.39


    Fundamental factors:

     

    • Market Cap $612.29 billion
    • P/E 50.81
    • Dividend yield 1.87%
    • Revenue expected to grow 5.40% this year and another 9.40% next year
    • Earnings estimated to increase 11.40% this year, an additional 11.40% next year and continue to increase annually at a rate of 11.90% for the next 5 years
    • Wall Street analysts issued 15 strong buy, 28 buy, 9 hold and 1 under perform recommendation on the stock


    Who is not watching Apple? This stock can be played very effectively using the 50-100 Day MACD Oscillator.

    Stocks: AAPL
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