Barchart Research Team - Barchart.com - Wed Feb 01, 4:15PM CST
The "Chart of the Day" is Oceaneering International (OII), which showed up on Wednesday's Barchart "All Time High" list. Oceaneering on Wednesday posted a new all-time high of $50.71 and closed up 3.70%. TrendSpotter has been Long since Jan 19 at $48.38. In recent news on the stock, Oceaneering on Dec 20 completed its acquisition of AGR Field Operations for about $230 million in cash. Goldman Sachs on Dec 8 initiated coverage on OII with a Neutral and a target of $57. Jefferies on Nov 29 initiated coverage on OII with a Hold and a target of $48. Oceaneering International, with a market cap of $5.2 billion, is one of the world's largest underwater services contractors.
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