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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
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  • Genesee And Wyoming - GWR - Barchart Chart Of The Day 0 comments
    Oct 11, 2012 10:10 AM | about stocks: GWR

    Barchart.com's Chart of the Day - Genesee & Wyoming (NYSE:GWR)

    Barchart Research Team - BC - Wed Oct 10, 6:20PM CDT

    The "Chart of the Day" is Genesee & Wyoming (GWR), which showed up on Wednesday's Barchart "All Time " list. Genesee & Wyoming on Wednesday posted a new all-time high of $68.91 and closed +1.16%. TrendSpotter in mid-September took a profit on a July-August long trade and then turned long again on Sep 14 at $62.62. In recent news on the stock, Carlyle on Oct 10 reported a 11.9% stake in Genesee & Wyoming. On Sep 25, S&P announced that Genesee & Wyoming would be added to the S&P 400 index. BofA/Merrill on Sep 24 initiated research coverage on Genesee & Wyoming with a Buy and a target of $74. Genesee & Wyoming, with a market cap of $3 billion, owns and operates short line and regional freight railroads and provides related rail services. They operate in three business segments in two geographic areas: North American Railroad Operations, Australian Railroad Operations, and Industrial Switching.

    (click to enlarge)gwr_700

    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:

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    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: GWR
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