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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 and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • NRG Energy - NRG - Barchart Chart Of The Day 0 comments
    Oct 12, 2012 8:54 AM | about stocks: NRG
     

     

    Barchart.coms Chart of the Day - NRG Energy (NYSE:NRG)

    Barchart Research Team - BC - Thu Oct 11, 4:27PM CDT

    The "Chart of the Day" is NRG Energy (NRG), which showed up on Wednesday's Barchart "52-Week High" list. NRG Energy on Thursday posted a new 13-month high of $23.78 and closed +2.74%. TrendSpotter in mid-Sep took a profit on a long trade held since late June, and then recently turned long again on Oct 3 at $22.18. In recent news on the stock, Goldman Sachs on Sep 10 upgraded its rating on NRG Energy to Buy from Neutral and set a target of $25, citing strong free cash flow and participation in the Texas power market. Barclays on July 23 upgraded NRG Energy to Overweight from Equal Weight. NRG Energy, with a market cap of $5 billion, owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities, thermal energy production and energy resource recovery facilities.

    (click to enlarge)nrg_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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:

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    Chart of the Day Archive
    View Past Chart of the Day Reports
    Stocks: NRG
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