Spark Energy has had heavy insider buying over the last few weeks. The Director Maxwell W Keith III bought $273,564 worth of stock on November 23, 2016. Two days earlier, on November 21, 2016, Vice President and General Counsel Melman Gil bought $14,922 worth of stock.
Spark Energy operates as an independent retail energy services company in the US. It operates through two segments, Retail Natural Gas, and Retail Electricity. The company is involved in the retail distribution of natural gas and electricity to residential, commercial, and industrial customers. As of December 31, 2015, it operated in 66 utility service territories across 16 states and had approximately 328,000 residential customers and 19,000 commercial customers. Description from Finviz.
Spark Energy Stock Chart
Comments: Lots of resistance above the current price. There is 200-day moving average resistance at $26.86 and then 150-day moving average resistance at $28.25. The Twiggs Money Flow is below the 0% line which suggests weakness in the stock.
The stock trades at an excellent forward P/E ratio of 9.7 and has fantastic quarterly revenue growth of 73.2% YoY.
Stocks that have a positive divergence between the Twiggs Money Flow and price. Today’s stocks include DAR, GME, MMS, OPHT, PEIX.
Darling Ingredients Stock Chart
Comments: BlackRock, EMINENCE CAPITAL, and SOUTHERNSUN ASSET MANAGEMENT have been accumulators of DAR during 2016. Solid valuation at P/E 16.4, and forward P/E 19.6. Huge buy side volume on 11/23/16, more than 500% higher volume than the average volume.
GameStop Stock Chart
Comments: Awesome valuation P/E 6.8, forward P/E 6.7. Lower taxes and an increase in consumer discretionary income will result in better demand for video games. Still, I like this for a short term swing trade to 200-day MA resistance at $28.44.
MAXIMUS Stock Chart
Comments: Wall Street is expecting 54% YoY EPS growth for Maximus. Maximus has cleared all its moving average resistance levels. My concern with this stock would be its exposure to the Affordable Care Act and how much changes from a Trump Administration would impact earnings and profits.
Ophthotech Corporation Stock Chart
Comments: Rising Twiggs Money Flow but still below 0% line. Somebody is buying this biotech stock.
Pacific Ethanol Stock Chart
Comments: Boom! Beautiful revenue growth over the last four years.
Disclosure: I do not have any positions in any stocks mentioned.
The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.
Aceto Corp Stock Chart
Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.
CVR Partners Stock Chart
Comments: Broke above 50-day moving average but formed doji on 11/21/16, not a convincing break. If we have another up day, and the Twiggs Money Flow goes positive above the 0% line, $6 is next target, then $6.80. Nice to see Insider CEO and President Mark Pytosh buying on November 4, 2016, at $4.20.
iPath Bloomberg Livestock SubTR ETN Stock Chart
Comments: I don’t have a clue why cows are flying over the moon. Maybe it just got too cheap, and some are expecting food inflation down the road. I have no idea but money flow looks awesome.
ZAGG Inc Stock Chart
Comments: Up against the 200-day moving average (red line) at 7.36. If it breaks above 200-day moving average, next resistance is $8.20 area (red horizontal line). Forward P/E is 12.72. Excellent quarterly revenue growth of 86% YoY. Sales in 2015 were $269.3 million. Sales in 2016 are forecast to come in at $365.6 million, awesome!
Disclosure: I do not hold any positions in any of the stocks mentioned above.
Holy Miss Moly! Great Panther Silver ripped higher today on heavy volume at 1.62 million shares. The Twiggs Money Flow has exploded higher.
Great Panther Silver broke above its 50-day moving average today and all its speed lines. The next resistance is the 150-day moving average at $1.42. If we get a break above $1.42 tomorrow, we’re going to $1.50, and if $1.50 is broke, it’s all the way back up to $1.60.
The short interest in GPL is starting to unwind. Previous short interest was 2,847,000 shares. The most recent short interest is 2,688,300 or a -6% decrease in the short interest in GPL. Only 1.64% of the float is short with days to cover of 2.8. While I’m not suggesting a big upward move from a short squeeze, more short sellers are covering their positions in the $1.40 area than are taking new short positions.
GPL is set to announce earnings on November 2, 2016. We will have to see if GPL runs up ahead of earnings.
Disclosure: I will be taking a long position in GPL at market open on October 26, 2016.
A massive divergence has formed on the chart of Ryerson Holding Corporation. We have three months of a down trending stock while the Twiggs Money Flow has been uptrending.
We also have recent insider buying.
This stock is looking good as we wait for a pop. Resistance is at the 50 day moving average line at $11.05. If we get a break above the 50 day moving average, I think we run to the 150 day moving average at $11.80.
Disclosure: I do not hold any position in Ryerson Holding Corporation.