The "Chart of the Day" is Pro-Assurance Corp (PRA), which showed up on Tuesday's Barchart "All Time High" list. Pro-Assurance on Tuesday rallied by 9.02% and broke out to a new all-time high of $75.59. TrendSpotter has been Long since Sep 27 at $72.96. In recent news on the stock, Pro-Assurance on Sep 7 announced its first quarterly dividend. Wunderlich on Aug 8 upgraded Pro-Assurance to Buy from Hold and raised its target to $80 from $67 due to the company's earnings growth and its insulation from the economy. Pro-Assurance on Aug 3 announced Q2 EPS of $1.79, well above the consensus of $1.26. Pro-Assurance Corp, with a market cap of $2.2 billion, is the nation's fourth largest writer of medical professional liability insurance and one of the 100 largest writers of personal auto coverage.
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: 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