Chart Of The Day - Emerge Energy Services LP

The Chart of the Day is Emerge Energy Services LP (EMES). I found the stock by sorting the New High list for Weighted Alpha then used to Flipchart feature to find the chart I liked. Since the Trend Spotter signaled a buy on 5/22 the stock gained 8.52%.

Emerge Energy Services LP is engaged in owning, operation, acquisition and development of energy service assets primarily in the United States. It operates in two business segments: sand and fuel processing and distribution..

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The status of 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
  • 11 new highs and up 29.94% in the last month
  • Relative Strength Index 70.67%
  • Barchart computes a technical support level at 89.18
  • Recently traded at 93.53 with a 50 day moving average of 73.09

Fundamental factors:

  • Market Cap $2.21 billion
  • Dividend yield 4.97%
  • Revenue predicted to grow 28.80% this year and another 17.30% next year
  • Earnings estimated to increase 279.30% this year, an additional 60.20% next year and continue to increase at an annual rate of 33.03% for the next 5 years
  • Wall Street analysts issued 6 strong buys and a hold recommendation on the stock.

Limited Master Partnerships are really hot right now. Be careful and treat as a total return play. Watch that 50 day moving average for signs of momentum weakness.

Disclosure: None

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