Jim Van Meerten's  Instablog

Barchart.coms Chart of the Day - Canadian National Railway Company (CNI)

Barchart Research Team - BC - Thu Jul 19, 4:49PM CDT

Related Stocks
CNI - Canadian National Railway Company

The "Chart of the Day" is Canadian National Railway Company (CNI), which showed up on Thursday's Barchart "All-Time High" list. CNI on Thursday posted a new all-time high of $88.57 and closed up +1.32%. TrendSpotter has been long CNI since June 20 at $85.24. In recent news, JPMorgan Chase on July 2 said it expects the major U.S. railroad companies to report higher than expected Q2 EPS as their volume numbers remain steady while they are expected to benefit significantly from lower fuel prices. Canadian National Railway Company, with a market cap of $37.2 billion, operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway, Detroit and other major cities.

(click to enlarge)

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:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

Chart of the Day Archive
View Past Chart of the Day Reports