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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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  • Dollar General - Barchart Chart of the Day 0 comments
    May 19, 2011 7:43 AM | about stocks: DG
     Barchart.coms Chart of the Day - Dollar General (NYSE:DG)
    Barchart Research Team - Barchart.com - Wed May 18, 5:18PM CDT
    Related Stocks
     DG - Dollar General Corp.
    Sym Last Chg Pct
    DG 34.06 +0.44 +1.31%

    The "Chart of the Day" is Dollar General (DG), which showed up on Wednesday's Barchart "NYSE 12-Month High" list. Dollar General on Wednesday rallied by 1.31% and posted an all-time high of $33.62 for the stock that has history only back to its IPO in November 2009. TrendSpotter has been Long on Dollar General since March 14 at $28.65. In recent news on the stock, Dollar General on March 22 reported Q4 EPS of 65 cents versus the consensus of 59 cents and provided FY2011 EPS guidance of $2.20-2.30 versus the consensus of $2.14. Dollar General, with a market cap of $11 billion, is a discount retailer in the United States.

    dg_700

    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: 80% Buy
    • Medium-Term Indicators: 10% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 96% Buy


    Barchart links for further information:

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    Chart of the Day Archive
    View Past Chart of the Day Reports
    Themes: long ideas Stocks: DG
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