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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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  • Wal-Mart Stores - WMT - Barchart Chart Of The Day 0 comments
    Oct 16, 2012 10:29 AM | about stocks: WMT

    Barchart.coms Chart of the Day - Wal-Mart Stores (NYSE:WMT)

    Barchart Research Team - BC - Mon Oct 15, 5:49PM CDT

    The "Chart of the Day" is Wal-Mart Stores (WMT), which showed up on Monday's Barchart "All Time High" list. Wal-Mart on Monday rallied to a new all-time high of $77.35 and closed +1.77%. TrendSpotter has been long since Sep 13 at $75.14. In recent news on the stock, Jefferies on Oct 12 upgraded Wal-Mart to Buy from Hold and raised its target to $88 from $74, citing sales momentum and higher earnings. Wal-Mart on Oct 10 said it had "very strong" back-to-school and back-to-college season and said it sees momentum continuing into the holiday season. Wal-Mart, with a market cap of $252 billion, is the world's largest retailer.

    (click to enlarge)wmt_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: 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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    View Past Chart of the Day Reports

    Stocks: WMT
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