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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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  • Marathon Petroleum - MPC - Barchart Chart Of The Day 0 comments
    Dec 10, 2012 9:36 AM | about stocks: MPC

    Barchart.coms Chart of the Day - Marathon Petroleum (NYSE:MPC)

    Barchart Research Team - BC - Sat Dec 08, 8:40PM CST

    Related Stocks
    MPC - Marathon Petroleum Corporation

    Sym Last Chg Pct
    MPC 60.70 +1.30 +2.19%

    The "Chart of the Day" is Marathon Petroleum (MPC), which showed up on Friday's Barchart "All-Time High" list. Marathon on Friday posted a new all-time high of $60.74 and closed +2.19%. TrendSpotter has been long since Nov 6 at $56.98. In recent news on the stock, JPMorgan on Dec 7 initiated coverage on Marathon with a Neutral and a target of $62. BoF/Merrill on Nov 21 resumed its coverage on Marathon with a Buy and a target of $70. Morgan Stanley on Nov 20 reiterated its Overweight rating on Marathon with a $82 target and said that Marathon provides the best value in the energy sub-sector based on refining value following the spin-off of MPLX LP (NYSE:MPLX). Marathon Petroleum, with a market cap of $20 billion, is engaged in refining, transporting, and marketing of petroleum products.

    (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: 80% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 96% Buy

    Barchart links for further information:

    Quotes and Charts
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    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
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    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

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

    Stocks: MPC
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