The "Chart of the Day" is Deckers Outdoor (DECK), which showed up on Monday's Barchart "All Time High" list. DECK rallied by 2.58% on Monday, extending last Friday's rally and posting a new all-time high of $101.87. TrendSpotter has been Long on DECK since July 5 at $90.75. In recent news on the stock, Jefferies last Friday reiterated its Buy rating on Deckers, raised its target to $125 from $105, and said the stock should be bought aggressively because of positive Q2 results and very conservative guidance. Deckers last Thursday (July 28) reported Q2 EPS at -19 cents versus the consensus of -23 cents and said Q3 revenue should increase about 38%. RBC Capital on July 22 reiterated its Outperform rating and said DECK should be bought at current levels due to an attractive fall product line and due to expectations that sales and earnings will accelerate in 2H11. Deckers Outdoor, with a market cap of $3.6 billion, sells footwear and apparel developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.
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.
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 Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 60% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% 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