Barchart Research Team - BC - Thu May 31, 7:40PM CDT
The "Chart of the Day" is Walt Disney Company (DIS), which showed up on Thursday's Barchart "All-Time High" list. Disney on Thursday posed a new all-time high of $46.10 and closed up 1.13%. TrendSpotter has been long since May 8 at $44.30. In recent news on the stock, Morgan Stanley on May 29 reiterated its Overweight rating and raised its target to $51 from $46 due to increased margins and its Avengers movie success. Walt Disney Company, with a market cap of $81 billion, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, Studio Entertainment, 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: 80% Buy
- Medium-Term Indicators: 100% 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