The "Chart of the Day" is Enersys (ENS), which showed up on Thursday's Barchart "NYSE 12-month high" list. ENS gapped higher Thursday and rose to an all-time high of $38.21 on heavy volume and finished the day up +5.2%. Late Wednesday, ENS reported stronger-than-expected Q3 adjusted EPS of 71 cents a share with revenue of $508.6 million, higher than estimates of 61 cents and revenue of $492.05 million. ENS then raised guidance on its Q4 adjusted EPS to a range of 68 cents to 72 cents a share, higher than consensus of 63 cents. Trendspotter (tm) has been long ENS for the past 2 weeks at $33.57 a share. Enersys, with a market cap of $1.631 billion is a global leader in stored energy solutions for industrial applications. They complement their extensive line of motive power, reserve power, and specialty batteries with a full range of integrated services and systems.
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. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) 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 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:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
View Past Chart of the Day Reports