The "Chart of the Day" is Tupperware (TUP), which showed up on Friday's Barchart "NYSE 12-month High" list and also on the Barchart "All Time High" list. Tupperware on Friday rallied by 3.04% and posted a new all-time high of $58.79. TrendSpotter has been Long on Tupperware since Feb 2 at $53.22. In recent news on the stock, SunTrust initiated coverage on Tupperware with a Buy and a target of $65. Tupperware on Feb 1 reported Q4 EPS OF $1.38 versus the consensus of $1.28, provided management EPS guidance for 2011 of $4.23-4.33 versus the consensus of $4.16, said the company is seeing strong growth in emerging markets, and raised its stock buyback authorization to $600 million from $350 million. Tupperware, with a market cap of $3.5 billion, is a global direct seller of products that include preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through its Avroy Shlain, BeautiControl, Fuller, NaturCare, Nutrimetics, Nuvo and Swissgarde brands.
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 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.
Barchart's Opinion trading systems are all a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
View Past Chart of the Day Reports