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Teledyne - Barchart Chart of the day

|Includes: Teledyne Technologies Inc (TDY)
Barchart.coms Chart of the Day - Teledyne Technologies (NYSE:TDY)
Barchart Research Team - - Wed Jan 12, 5:29PM CST
Related Stocks
 TDY - Teledyne Technologies Incorporat
Sym Last Chg Pct
TDY 45.34 +1.41 +3.21%
The "Chart of the Day" is Teledyne Technologies (TDY), which showed up on Wednesday's Barchart "NYSE 12-month High" list and also on the "Gap Up" list. Teledyne on Wednesday rallied by 3.21% and posted a new 2-year high. TrendSpotter has been long Teledyne since Dec 7 at 42.95. In recent news on the stock, KeyBanc on Wednesday initiated coverage on Teledyne with a Buy and a target of $54. Teledyne, with a market cap of $1.6 billion, is a leading provider of sophisticated electronic and communication products, systems engineering solutions, and aerospace engines and components. 

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. We then clicked on the "12-Month # Highs" column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs. 
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." 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 web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 75% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy

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Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.