Barchart Research Team - BC - Mon Aug 13, 6:18PM CDT
The "Chart of the Day" is 3M Company (MMM), which showed up on Monday's Barchart "52-Week High" list. 3M on Monday posted a 1-year high at $92.59 and closed up +0.12%. TrendSpotter has been long 3M since July 2 at $89.28. In recent news on the stock, 3M announced late Thursday that it signed an agreement with Healthland to license its 3M coding, grouping, editing and reimbursement software products. Under the agreement, Healthland, a provider of fully integrated solutions to rural community and critical access hospitals, will integrate the 3M solutions with its electronic health record (EHR) system and other applications to provide customers with actionable information that can be used to improve clinical outcomes, obtain appropriate reimbursement, facilitate quality reporting and prepare for ICD-10. 3M Health Information Systems will license the 3M Coding and Reimbursement System, 3M's market-leading coding software and 3M Grouper Plus Content Services. 3M, with a market cap of $63.5 billion, is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-Week 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 "52-Week 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 52-week 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