Jim Van Meerten's  Instablog

The "Chart of the Day" is Quest Diagnostics (DGX), which showed up on Thursday's Barchart "12-Month High" list. DGX on Thursday rallied by 1.40% and posted a new 1-1/2 year high of $60.23. TrendSpotter has been long on DGX since May 10 at $57.00. In recent news on the stock, the company on April 20 reported Q1 EPS of $1.00, close to the consensus of $1.01. Kaufman Brothers on April 21 reiterated its Buy rating on DGX and raised its target to $69 from $64. Quest Diagnostics, with a market cap of $9 billion, is a leading provider of healthcare diagnostic testing, information and services.

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. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.

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