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JimVanMeerten (63.05)

Imperial Oil is gushing

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1

March 07, 2011 – Comments (0) | RELATED TICKERS: IMO

One of the stocks I found on Barchart with the most consistent price momentum is Imperial Oil (IMO).

Imperial Oil  (IMO) is Canada's largest integrated petroleum company. Its operations, conducted under the ESSO banner, are concentrated in the exploration and production of oil and natural gas, refining and marketing petroleum products, and in the manufacture and sale of petrochemicals. The company has approximately 7,500 employees in two operating divisions.


Technical Factors:

1 - 96% Barchart technical buy signals

2 - Trend Spotter (tm) buy signals

3 - 17 new highs and up 20.68% in the last month

4 - Relative strength Index 85.13% and rising

5 - Trades around 54.45 with a 50 day moving average of 41.31

Investor Sentiment:

1 - CAPS members on Motley Fool vote 326 to 14 the stock will out perform the market

2 - The more experienced All Stars vote 115 to 1


Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs onBarchart.com  in his daily blog -- Barchart Portfolio Blogs.

Through Marketocracy Capital Management  you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High model portfolio.

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