Barchart Research Team - BC - Thu Nov 08, 4:04PM CST
The "Chart of the Day" is Yamaha Gold (AUY), which showed up on Thursday's Barchart "All-Time High" list. Yamaha Gold on Thursday posted a new all-time high of $20.50 and closed up +1.29%. TrendSpotter just turned long again on Nov 1 at 20.08 after taking a profit on a long trade held from mid-August to mid-October. In recent news on the stock, RBC Capital on Nov 6 initiated coverage on Yamaha Gold with an Outperform and a target of $25. CIBC on Oct 31 upgraded Yamaha Gold to Sector Outperformer from Sector Performer. Scotia Capital on Oct 18 upgraded Yamaha Gold to Outperform from Sector Perform. Barclays on Oct 16 initiated coverage on Yamaha Gold with an Overweight and a target of $25. Morgan Stanley on Oct 10 initiated coverage on Yamaha Gold with an Overweight and a target of $25. Yamaha Gold, with a market cap of $14 billion, is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil.
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:
Chart of the Day Archive
View Past Chart of the Day Reports