The "Chart of the Day" is Progress Energy (PGN), which showed up on Thursday's Barchart "All Time High" list. Progress Energy on Thursday rallied to a new all-time high of $49.15 but then settled back to close up +0.19% at $48.72. We would have preferred that PGN close at the upper end of Thursday's range rather than near the middle, but a fresh rally to a new all-time high would be a sign of fresh technical strength. TrendSpotter has been Long on Progress Energy since Aug 30 at 48.41. Progress Energy is in the process of merging with Duke Energy (NYSE:DUK), which has a positive technical outlook as well. Progress Energy, with a market cap of $14 billion, sells electricity and natural gas in the southeastern United States.
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
Barchart links for further information:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
View Past Chart of the Day Reports