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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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  • AmerisourceBergen - ABC - Barchart Chart Of The Day 0 comments
    Jan 15, 2013 11:17 AM | about stocks: ABC's Chart of the Day - AmerisourceBergen (NYSE:ABC)

    Barchart Research Team - BC - Mon Jan 14, 6:24PM CST

    The "Chart of the Day" is AmerisourceBergen (ABC), which showed up on Monday's Barchart "All-Time High" list. AmerisourceBergen on Monday posted a new all-time high of $44.37 and closed up +1.03%. TrendSpotter has been long since on Jan 4 at $43.69. In recent news on the stock, the company on Dec 12 reaffirmed FY2013 guidance of $3.06-3.16 (versus the consensus of $3.13) with revenue growth of 6-9%. The company also said it expects to spend at least $200 million to repurchase shares in FY2013. AmerisourceBergen, with a market cap of $10 billion, is one of the world's largest pharmaceutical services companies serving the United States, Canada and selected global markets.

    (click to enlarge)
    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 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:

    Quotes and Charts
    Detailed Quote

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

    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: ABC
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