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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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Marketocracy Capital Management
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  • Discovery Financial Services - DFS - Barchart Chart Of The Day 0 comments
    Nov 1, 2012 8:20 AM | about stocks: DFS

    Barchart.coms Chart of the Day - Discover Financial Services (NYSE:DFS)

    Barchart Research Team - BC - Wed Oct 31, 3:42PM CDT

    The "Chart of the Day" is Discover Financial Services (DFS), which showed up on Wednesday's Barchart "All-Time High" list. Discover on Wednesday posted a new all-time high of $41.02 and closed +1.86%. TrendSpotter has been long since Sep 28 at $39.73. Discover was last featured by "Chart of the Day" as of the close on July 27, 2012 at $36.41. In recent news on the stock, Janney Capital on Oct 10 initiated coverage on Discover with a Buy and a target of $47. Discover Financial Services, with a market cap of $20 billion, operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom.

    (click to enlarge)

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

    Stocks: DFS
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