Barchart Research Team - Barchart.com - Thu Feb 16, 7:30PM CST
The "Chart of the Day" is Genuine Parts (GPC), which showed up on Thursday's Barchart "All Time High" list. Genuine Parts on Thursday posted a new all-time high of $65.61 and closed up 2.66%. TrendSpotter took a profit on a Long position on Wednesday, but then issued a new Buy signal with Thursday's rally. Genuine Parts was last featured by "Chart of the Day" on Dec 23 when the stock closed at $61.57. In recent news, Bloomberg on Jan 31 reported that the U.S. vehicle age reached an all-time high and that parts spending rose 9%. Genuine Parts, with a market cap of $10 billion, is a distributor of automotive replacement parts in the U.S., Canada and Mexico.
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: 750% Buy
- Long-Term Indicators: 67% Buy
- Overall Average 88% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports