Barchart Research Team - BC - Tue Oct 23, 6:45PM CDT
The "Chart of the Day" is Harley-Davidson (HOG), which showed up on Tuesday's Barchart "3-Month High" list. Harley-Davidson on Tuesday posted a new 3-1/2 month high and closed +7.72%. TrendSpotter has been long since last Thursday at $44.53. In recent news on the stock, Harley-Davidson on Tuesday reported Q3 EPS of 59 cents, slightly above the consensus of 58 cents. JP Morgan on Oct 19 upgraded Harley-Davidson to Overweight from Neutral and raised its target sharply to $56 from $38. Goldman Sachs on Oct 18 upgraded Harley-Davidson to Buy from Neutral with a target of $54 based on valuation, an acceleration in motorcycle registrations, and expectations for an improvement in construction employment. Harley-Davidson, with a market cap of $10 billion, is an American motorcycle manufacturer.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 3-month highs. A new 3-month high is a sign of 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: 60% Buy
- Medium-Term Indicators: 50% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 56% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports