|Barchart.coms Chart of the Day - Watson Pharmaceuticals (WPI)|
Barchart Research Team - BC - Thu Sep 20, 4:18PM CDT
The "Chart of the Day" is Watson Pharmaceuticals (WPI), which showed up on Thursday's Barchart "All-Time High" list. Watson on Thursday posted a new all-time high of $84.36 and closed +0.59%. TrendSpotter took a profit on a long trade last Friday and then gave a new buy signal on Wednesday. In recent news on the stock, Guggenheim on Sep 18 initiated coverage on Watson with a Buy and a target of $100. Goldman on Sep 11 downgraded Watson to Buy from Conviction Buy due to valuation but raised its target to $95 from $90. Watson Pharmaceuticals, with a market cap of $10 billion, is a pharmaceutical company primarily engaged in the development and sale of both branded and off-patent pharmaceutical 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.
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports