The "Chart of the Day" is McGraw-Hill Companies (MHP), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. McGraw-Hill on Tuesday rallied by 7.29% and posted a new 3-1/2 year high. In recent news on the stock, McGraw-Hill on Tuesday reiterated that is conducting a strategic portfolio review following news that JANA Partners, the investment manager on behalf of the Ontario Teachers' Pension Plan Board, has acquired 5.2% of the stock and is seeking discussions with the company about ways to increase shareholder value. McGraw-Hill on June 28 reported Q2 EPS of 68 cents versus the consensus of 66 cents and said it sees FY11 EPS at the top end of $2.79-2.89 guidance. McGraw-Hill, with a market cap of $12.7 billion, is a large multimedia publishing and information company, employing a broad range of media, including books, magazines, newsletters, software, on-line data services, CD-ROMs, facsimile and television broadcasting.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart's Opinion trading systems are mostly 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: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% 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