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Yadkin Valley Financial - Barchart's Chart Of The Day

Jul. 09, 2013 4:15 PM ET
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Long Only, Momentum, Portfolio Strategy

Seeking Alpha Analyst Since 2009

Jim Van Meerten 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 attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.

The Chart of the Day is Yadkin Valley Financial Corporation (YDKN). In the last month the stock hit 16 new highs and is up 21.50%. The Relative Strength Index is 87.42%. I found the stock near the top of the New High List when sorted for frequency.

The Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses. It operates primarily in North Carolina and South Carolina.

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
  • 16 new highs and up 21.50% in the last month
  • Relative Strength Index 87.42%
  • Barchart computes a technical support level at 12.95
  • Recently traded at 15.20 with a 50 day moving average of 12.72

Fundamental factors:


  • Market Cap $218.58 million
  • Revenue projected to grow 9.40% this year and another 2.20% next year
  • Earnings estimated to increase by 165.30% this year, 12.20% next year and continue to increase by 5.00% annually for the next 5 years
  • Wall Street analysts issued 2 buy and 4 hold recommendations to their clients

You can play this stock 1 of 2 ways. Buy and hold with the hope it will be gobbled up by a larger regional at a premium or watch the moving averages and bail if the price reverses below its 100 day moving average.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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