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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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Marketocracy capital management
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  • UGI Corp - Barchart's Chart Of The Day 0 comments
    Sep 4, 2014 5:50 PM | about stocks: UGI

    The Chart of the Day is UGI Corp (NYSE:UGI). I found the stock by sorting the 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 a buy on 8/14 the stock gained 5.95%.

    UGI Corporation is a holding company that operates propane distribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Our majority-owned subsidiary, AmeriGas Partners, L.P., a Delaware limited partnership, conducts one of the nation's largest retail propane distribution businesses through its subsidiary AmeriGas Propane, L.P.

    (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
    • 18 new highs and up 10.10% in the last month
    • Relative Strength Index 73.34%
    • Barchart computes a technical support level at 52.42%
    • Recently traded at 53.10 with 50 day moving average of 50.45


    Fundamental factors:

     

    • Market Cap $6.11 billion
    • P/E 17.56
    • Dividend yield 2.23%
    • Revenue expected to grow 15.90% this year and another 1.50% next year
    • Earnings estimated to increase 23.30% this year, decrease by 2.60% next year but compound at an annual rate of 7.65% for the next 5 years
    • Wall Street analysts issued 1 strong buy and 4 hold recommendations on the stock


    Stable utility in a stable market. Play as a total return stock.

    Stocks: UGI
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