The "Chart of the Day" is IBM (IBM), which showed up on Monday's Barchart "All Time High" list. IBM on Monday rallied by 2.32% and posted a new all-time high of $186.63. TrendSpotter has been Long on IBM since Sep 28 at $177.55. In recent news on the stock, Morgan Stanley last Friday named IBM as a long Research Tactical Idea. Argus on Sep 19 said that IBM may benefit from HP's missteps. IBM is also seeing some strength as a safer tech stock than Apple, which is more dependent on consumer whims and its design prowess which has been impaired by the recent death of Steve Jobs. IBM, with a market cap of $217 billion, is a global provider of computer hardware, software, and services.
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: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% 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