's Chart of the Day - Ecopetrol
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 EC - Ecopetrol S.A.
The Chart of the Day belongs to Ecopetrol (EC).  I found the petroleum stock by using Barchat to sort today's 52 Week High list first by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 9/1 the stock gained 65.84%.

Ecopetrol S.A. is a Colombia-based petroleum company. The Company is focused on identifying opportunities primarily within the eastern Llanos Basin of Colombia, as well as in other areas in Colombia and northern Peru. The Company's operation includes the extraction, collection, treatment, storage and pumping or compression of hydrocarbons. Ecopetrol has four management divisions to handle the operation of 163 production fields. Ecopetrol's production is concentrated in the upper, middle and lower Magdalena, the Eastern Plans and the Caribbean, and the provinces of Putumayo, Cesar and Norte de Santander.


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 web site when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 30.65% in the last month
  • Relative Strength Index 91.32%
  • Technical support level at 14.48
  • Recently traded at 15.39 with a 50 day moving average of 12.07

Fundamental factors:

  • Market Cap $30.08 billion
  • P/E 32.75
  • Dividend yield 1.08%
  • Revenue expected to grow 16.60% this year and another 10.90% next year
  • Earnings estimated to increase 100.00% this year, an additional 61.50% next year and continue to compound at an annual rate of 42.80% for the next 5 years
  • In spite of their own projections Wall Street analysts issued 8 hold and 4 under perform recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 95 to 19 that the stock will beat the market

Someone is way off on this stock.  It should be fun to watch.