The "Chart of the Day" is Nike (NKE), which showed up on Friday's Barchart "All Time High" list. Nike on Friday posted a new all-time high of $98.25 and closed up 2.63%. TrendSpotter has been Long since Nov 38 at $96.18. In recent news on the stock, Citigroup added Nike to its Top Picks Live list, reiterating its Buy rating and raising its price target to $113 from $101 on expectations that Nike on Dec 20 will report revenue upside and higher gross margin guidance. Nike on Nov 17 raised its quarterly dividend to 36 cents from 31 cents. Nike, with a market cap of $44 billion, sells footwear, apparel, equipment, and accessory products.
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: 100% 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