Barchart Research Team - BC - Fri Aug 31, 6:47PM CDT
The "Chart of the Day" is Anheuser-Busch Inbev Sa (BUD), which showed up on Friday's Barchart "All-Time High" list. Anheuser-Busch posted an all-time high Friday at $84.65 and closed up +1.00%. TrendSpotter has been long Anheuser-Busch since June 19 at $71.29. In recent news on the stock, Major League Baseball Properties and Anheuser-Busch agreed on Aug 22 to a 6-year renewal of their sponsorship agreement through the 2018 season. Under the agreement, Budweiser is designated the official beer sponsor of MLB and will be the presenting sponsor of the wild-card playoff games on Oct 5. Anheuser-Busch, with a market cap of $134.6 billion, is the leading American brewer with a 47.7% share of U.S. beer sales to retailers. It also brews and manufacturers ale, lager, and stout and is a major manufacturer of aluminum cans and has been a leading aluminum recycler for more than 30 years. It has production plants in Europe, the Americas and Asia.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All-Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All-Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
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.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports