Barchart Research Team - BC - Fri Sep 07, 10:17PM CDT
The "Chart of the Day" is Illinois Tool Works (ITW), which showed up on Friday's Barchart "All-Time High" list. ITW on Friday posted a new all-time high of $61.10 and closed +1.49%. TrendSpotter has been long since Aug 3 at $55.62. In recent news on the stock, ISI Group upgraded ITW to Buy from Hold. BMO Capital on July 26 initiated coverage on ITW with an Outperform and a target of $62. Illinois Tool Works, with a market cap of $27 billion, sells fasteners and components, equipment and consumable systems, and a variety of specialty products and equipment.
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: 80% Buy
- Medium-Term Indicators: 100% 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