Barchart Research Team - Barchart.com - Tue Mar 13, 5:05PM CDT
The "Chart of the Day" is Trimble Navigation (TRMB), which showed up on Tuesday's Barchart "All Time High" list. Trimble on Tuesday posted a new all-time high of $53.03 and closed +4.47%. TrendSpotter just turned Long again on Tuesday after 5 sessions in neutral mode. In recent news on the stock, Trimble on Feb 2 reported Q4 EPS of 54 cents versus the consensus of 48 cents and provided guidance for Q1 EPS of 61-63 cents that was above the consensus of 58 cents. Piper Jaffray on Jan 9 said that the pull-back in Trimble represented a good buying opportunity and reiterated its Overweight rating and target of $57. Trimble Navigation, with a market cap of $6 billion, applies technology to make field and mobile workers in businesses and government significantly more productive. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions include software content specific to the needs of the user.
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: 75% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports