The "Chart of the Day" is New Gold (NGD), which was the only stock on Thursday to show up on Barchart's "All Time High" list. New Gold on Thursday rallied by 1.31% and posted a new all-time high of $12.60 with help from the new all-time high in gold prices. TrendSpotter has been Long on New Gold since Aug 10 at $11.71. In recent news on the stock, New Gold on Aug 3 reported Q2 adjusted EPS of 12 cents, which was slightly below the consensus of 13 cents. New Gold, with a market cap of $5.4 billion, is a gold exploration and mining company with its main location near Kamloops, British Columbia.
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 all 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: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Sell
- 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