Barchart Research Team - BC - Tue Jul 24, 6:05PM CDT
The "Chart of the Day" is Medivation (MDVN), which showed up on Tuesday's Barchart "All-Time High" list. Medivation on Tuesday posted a new all-time high of $97.09 and closed up 2.96%. TrendSpotter has been long since June 27 at $88.74. In recent news on the stock, ThinkEquity on June 29 initiated coverage on Medivation with a Buy and a target of $110. William Blair on June 26 reiterated its Outperform rating on Medivation and raised its target to $119 from $96 on an increased estimate of the selling price of Medivation's enzalutamide prostate cancer treatment. Medivation, with a market cap of $3.5 billion, is a biopharmaceutical company that acquires promising technologies in the late preclinical development phase and develops them quickly and cost-effectively.
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