Barchart Research Team - BC - Fri Oct 19, 5:54PM CDT
The "Chart of the Day" is AutoNation (AN), which showed up on Friday's Barchart "All-Time High" list. AutoNation posted an all-time high Friday at $48.56 and closed up +0.19%. TrendSpotter got long again AutoNation on Sep 19 at $41.94 after exiting a previous long position in July. In recent news on the stock, AutoNation reported on Oct 8 that its September 2012 vehicle sales rose 23% year over year to 22,982 vehicles. The growth was attributable to higher demand for imported vehicles along with higher sales across all segments. AutoNation, with a market cap of $5.74 billion, is the largest automotive retailer in the U.S. The company owns and operates about 261 new vehicle franchises that sell 32 brands located in the major metropolitan markets in 15 states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair services.
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