Barchart Research Team - BC - Tue Jun 05, 6:13PM CDT
The "Chart of the Day" is Pharmacyclics (PCYC), which showed up on Tuesday's Barchart "All-Time High" list. Pharmacyclics on Tuesday rallied to a new all-time high of 34.17 and closed up 5.28%. TrendSpotter has been long since May 16 at $29.31. In recent news on the stock, Roth Capital on June 5 reiterated its Buy rating on the stock and its $42 target and said that Pharmacyclics' Phase II data for its ibrutinib cancer treatment is "dazzling." Pharmacyclics, with a market cap of $2.1 billion, is a pharmaceutical company developing products to improve upon therapeutic approaches to cancer, atherosclerosis and retinal disease.
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