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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Discover Financial Services - DFS - Barchart Chart Of The Day 0 comments
    May 2, 2012 10:22 AM | about stocks: DFS
    Barchart.coms Chart of the Day - Discover Financial Services (NYSE:DFS)

    Barchart Research Team - BC - Tue May 01, 5:24PM CDT

    Related Stocks
    DFS - Discover Financial Services

    SymLastChgPct
    DFS34.19-0.20-0.58%

    The "Chart of the Day" is Discover Financial Services (DFS), which showed up on Tuesday's Barchart "All-Time High" list. Discover on Tuesday posted a new all-time high of $34.75 and closed up 1.45%. TrendSpotter has been long since April 25 at $33.54. In recent news on the stock, Goldman Sachs on March 23 upgraded Discover to a Conviction Buy from Neutral and raised its price target to $39 from $36. Goldman cited improving financial metrics and below-normal credit losses. Discover Financial, with a market cap of $18 billion, operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom.

    (click to enlarge)dfs_700

    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:

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    Chart of the Day Archive
    View Past Chart of the Day Reports
    Stocks: DFS
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