The "Chart of the Day" is Perrigo Company (PRGO), which showed up on Wednesday's Barchart "All Time High" list. Perrigo on Wednesday posted a new all-time high of $101.64 and closed up 1.66%. TrendSpotter has been Long since Nov 29 at $97.74. In recent news on the stock, Perrigo on Dec 8 rallied on news that it would be switched from the S&P Midcap 400 to the S&P 500 index. Caris on Oct 28 upgraded Perrigo to a Buy from Above Average and raised its target to $125 from $120. Collins Stewart on Oct 28 said that Perrigo's weakness at the time was a buying opportunity and that investors were overlooking the company's margin expansion. Perrigo Company, with a market cap of $9 billion, is the nation's largest manufacturer of store brand over-the-counter (non-prescription) pharmaceutical products and also manufactures store brand nutritional products.
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: