The "Chart of the Day" is Sunoco Logistics Partners (SXL), which showed up on Friday's Barchart "All Time High" list. SXL on Friday rallied by 0.32% and posted a new all-time high of $91.00. TrendSpotter has been Long on Sunoco Logistics since Sep 20 at $88.25. In recent news on the stock, Morgan Stanley on Sep 23 upgraded SXL to Equal Weight from Underweight and raised its target to $93 from $88 due to increased cash flow from recent acquisitions. RBC Capital on Sep 9 upgraded SXL to Outperform from Sector Perform and raised its target to $99 from $88 due to a strong crude oil logistics environment, which is providing increased earnings visibility. Sunoco Logistics, with a market cap of $3 billion, is a limited partnership formed by Sunoco, Inc. to acquire, own, and operate a geographically diverse and complementary group of refined product and crude oil pipelines and terminal facilities.
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: 33% Buy
- Overall Average 96% 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