The "Chart of the Day" is Dollar General (DG), which showed up on Monday's Barchart "All Time High" list. Dollar General on Monday posted a new all-time high of $41.50 and closed up 2.18%. TrendSpotter has been Long since Nov 30 at $40.57. Dollar General was last featured in "Chart of the Day" on Aug 30 when the stock showed a big upside breakout and closed at $35.76. In recent news on the stock, Deutsche Bank on Dec 7 upgraded Dollar General to a Buy from Hold and raised its price target to $48 from $38 based on valuation and accelerating traffic trends. BMO Capital on Dec 6 reiterated its Outperform rating and raised its target to $47 from $40. Dollar General, with a market cap of $13.6 billion, is a discount retailer in the 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: 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