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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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  • United Foods - UNFI - Barchart Chart Of The Day 0 comments
    May 15, 2012 10:36 AM | about stocks: UNFI

    Barchart.coms Chart of the Day - United Natural Foods (NASDAQ:UNFI)

    Barchart Research Team - BC - Mon May 14, 9:54PM CDT

    Related Stocks
    UNFI - United Natural Foods

    Sym Last Chg Pct
    UNFI 51.25 -0.30 -0.58%

    The "Chart of the Day" is United Natural Foods (UNFI), which showed up on Monday's Barchart "All Time High" list. UNFI on Monday posted a new all-time high of $51.92 and closed +0.94%. In recent news on the stock, UNFI on March 6 reported Q2 EPS of 45 cents, above the consensus of 44 cents. RBC Capital on March 7 reiterated its Outperform rating on UNFI and said the shares should be bought on weakness, citing the company's stronger-than-expected Q2 results and that the company's margins "may have turned the corner." United Natural Foods, with a market cap of $2.5 billion, is the leading independent national distributor of natural foods and related products in the United States.

    (click to enlarge)unfi_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: UNFI
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