The "Chart of the Day" is Brown Forman (BF.B), which showed up on Tuesday's Barchart "All Time High" list. Brown Forman on Tuesday posted a new all-time high of $77.65 and closed 0.14% higher. TrendSpotter has been Long since Oct 10 at $73.55. In recent news on the stock, Citigroup on Nov 29 reiterated its Buy recommendation on expectations for robust top and bottom line growth driven by the company's Jack Daniel's franchise. The company back on Aug 31 said that its Jack Daniels Tennessee Honey is "off to a great start." Brown Forman, with a market cap of $10.8 billion, is one of the world's largest purveyors of wine and spirits with brands that include Jack Daniel's, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra.
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