Barchart Research Team - BC - Thu Sep 06, 6:33PM CDT
The "Chart of the Day" is Eastman Chemical (EMN), which showed up on Thursday's Barchart "All-Time High" list. Eastman on Thursday posted a new all-time high of $56.70 and closed +2.94%. TrendSpotter has been long since July 3 at $50.89. In recent news on the stock, Eastman on July 30 reported Q2 EPS of $1.40 versus the consensus of $1.30. Wells Fargo on Aug 1 reiterated its Outperform rating on Eastman and said the company's valuation will increase. Lazard on July 25 initiated coverage on Eastman with a Buy and a target of $67. Eastman Chemical, with a market cap of $8 billion, is a global chemical company with a broad portfolio of chemical, plastic, and fiber products.
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: 75% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports