The "Chart of the Day" is Simon Property Group (SPG), which showed up on Wednesday's Barchart "All Time High" list. SPG on Wednesday rallied by 2.05% and posted a new all-time high of $123.27. TrendSpotter turned Long on SPG on Monday at $122.87. In recent news on the stock, SPG on Tuesday reported Q3 adjusted earnings of $1.43, which was lower than the consensus of $1.66, but the company raised its 2011 guidance to $6.80-$6.85 versus the consensus of $6.81. The company also raised its dividend to $1.10 from $0.80. Simon Property Group, with a market cap of $36 billion, is a real estate investment trust that focuses on regional malls and community shopping centers.
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: 60% Buy
- Medium-Term Indicators: 50% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 56% 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