Barchart Research Team - BC - Wed Sep 26, 4:35PM CDT
The "Chart of the Day" is CenterPoint Energy (CNP), which showed up on Wednesday's Barchart "52-Week High" list. CenterPoint on Wednesday posted a new 10-year high of $21.56 and closed +0.14%. TrendSpotter has been long since Sep 13 at $21.10. In recent news on the stock, Wells Fargo on Aug 22 upgraded CenterPoint Energy to Outperform from Market Perform on attractive valuation and the company's opportunity to deploy capital in positive ROI projects. CenterPoint on Aug 2 reported Q2 EPS of 29 cents, well above the consensus of 25 cents. CenterPoint Energy, with a market cap of $9 billion, is a domestic energy delivery company that includes electricity transmission and distribution, natural gas distribution and sales, interstate pipeline and gathering operations.
How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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:
Chart of the Day Archive
View Past Chart of the Day Reports