Jim Van Meerten's  Instablog

The "Chart of the Day" is American Tower Corp. (AMT), which showed up on Tuesday's Barchart "All Time High" list. American Tower on Tuesday opened sharply lower and posted a new 1-month low, but then more than recovered its losses and closed the day up 3.30% after posting a new all-time high of $58.00. TrendSpotter has been Long since Sep 15 at $54.86. American Tower on Tuesday reported Q3 EPS of -4 cents versus the consensus of 25 cents, with the loss being due to unrealized non-cash losses from foreign exchange rate fluctuations. American Tower announced on Aug 25 that it was effectively converting its business structure to a REIT. American Tower back on Aug 10 was named a Research Tactical Idea by Morgan Stanley. American Tower, with a market cap of $22 billion, is a wireless communications and broadcast infrastructure company and is the largest independent operator of broadcast towers in North America.

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: 60% Buy
• Medium-Term Indicators: 75% Buy
• Long-Term Indicators: 67% Buy
• Overall Average 72% Buy