Barchart Research Team - BC - Sat Dec 08, 8:40PM CST
The "Chart of the Day" is Marathon Petroleum (MPC), which showed up on Friday's Barchart "All-Time High" list. Marathon on Friday posted a new all-time high of $60.74 and closed +2.19%. TrendSpotter has been long since Nov 6 at $56.98. In recent news on the stock, JPMorgan on Dec 7 initiated coverage on Marathon with a Neutral and a target of $62. BoF/Merrill on Nov 21 resumed its coverage on Marathon with a Buy and a target of $70. Morgan Stanley on Nov 20 reiterated its Overweight rating on Marathon with a $82 target and said that Marathon provides the best value in the energy sub-sector based on refining value following the spin-off of MPLX LP (NYSE:MPLX). Marathon Petroleum, with a market cap of $20 billion, is engaged in refining, transporting, and marketing of petroleum products.
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