Barchart Research Team - BC - Sat Apr 28, 4:01PM CDT
The "Chart of the Day" is Valspar Corp (VAL), which showed up on Friday's Barchart "All-Time High" list. Valspar on Friday posted a new all-time high of $52.12 and closed up +2.40%. TrendSpotter has been Long since April 16 at $50.23. TrendSpotter was in a neutral mode in the second week of April after taking a 31% profit on a long trade held from late November to early April. In recent news on the stock, Valspar on Feb 14 reported Q1 EPS of 58 cents, above the consensus of 48 cents. Gabelli on Feb 28 initiated coverage on Valspar with a Buy due to the potential housing recovery and Valspar's debt reduction and margin improvement efforts. Valspar, with a market cap of $4.7 billion, is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants.
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