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 $82.04 and closed up 1.63%. TrendSpotter was long on Brown Forman for most of October and November, turned neutral in mid-December, and then turned Long again on Dec 21 at $79.92. Brown Forman was last featured by "Chart of the Day" on Nov 29 at $76.77. In recent news on the stock, the company on Dec 8 reported fiscal Q2 EPS of $1.09, in line with the market consensus. Davenport on Dec 9 downgraded Brown Forman to Neutral from Buy due to valuation. Brown Forman, with a market cap of $11.6 billion, sells beverage alcohol brands including Jack Daniel's, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra. Their main international markets are the U.K., Australia, Mexico, Poland, Germany, France, Spain, Italy, South Africa, China, Japan, Canada, and Russia.
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:
Chart of the Day Archive
View Past Chart of the Day Reports