Jim Van Meerten's  Instablog

Barchart.com's Chart of the Day - Kellogg Company (K)

Barchart Research Team - BC - Tue Jan 29, 8:53PM CST

The "Chart of the Day" is Kellogg Company (K), which showed up on Tuesday's Barchart "All-Time High" list. Kellogg posted an all-time Tuesday at $58.88 and closed up +0.70%. TrendSpotter has been long since Jan 2 at $56.91. In recent news on the stock, Deutsche Bank on Jan 7 named Kellogg its top pick for 2013 in the Packaged Foods sector and raised its price target for the stock to $64 from $60. Deutsche Bank also sees the current valuation of Kellogg as attractive and kept a "Buy" rating on the stock. Kellogg Company, with a market cap of $21.089 billion, is the world's leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, meat alternatives, pie crusts, and ice cream cones. The company's brands include Kellogg's, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, Morningstar Farms, Famous Amos, Carr's, Plantation, Ready Crust, and Kashi. Kellogg products are manufactured in 19 countries and marketed in more than 160 countries around the world.
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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

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