Barchart Research Team - BC - Fri Jun 22, 10:40PM CDT
The "Chart of the Day" is Mead Johnson Nutrition (MJN), which showed up on Friday's Barchart "All-Time High" list. Mead Johnson on Friday posted a new all-time high of $88.72 and closed up 3.23%. TrendSpotter has been long since June 15 at $85.32. In recent news on the stock, Credit Suisse on June 14 raised its earnings estimates for Mead Johnson due to lower commodity prices and recent price increases in China. Credit Suisse reiterated its Outperform rating and $98 price target. Miller Tabak on June 5 upgraded its rating on Mead Johnson to Buy from Neutral with a price target of $90. Mead Johnson Nutrition, with a market cap of $17 billion, is a global leader in pediatric nutrition and sells more than 70 products in over 50 markets worldwide. The company's "Enfa" family of brands, including Enfamil infant formula, is the world's leading brand franchise in pediatric nutrition.
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: 60% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Barchart links for further information:
Chart of the Day Archive
View Past Chart of the Day Reports