Barchart Research Team - BC - Wed May 09, 5:42PM CDT
The "Chart of the Day" is Walt Disney (DIS), which showed up on Thursday's Barchart "All Time High" list. Disney on Wednesday posted a new all-time high of $45.80 and closed up 1.63%. TrendSpotter just turned Long on Tuesday at $44.30. In recent news on the stock, RBC Capital on Wednesday reiterated its Outperform and raised its target to $50 from $45, citing the likelihood that its successful Avengers film will spark strong sequels and boost the momentum of other Disney movies and character franchises. Disney on Wednesday reported Q2 EPS ex-items of 58c, above the consensus of 55 cents. Disney, with a market cap of $78 billion, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, StudioEntertainment, Theme Parks and Resorts, Consumer Products and Internet and Direct Marketing.
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