The "Chart of the Day" is Monster Beverage Corp (MNST), which showed up on Tuesday's Barchart "All Time High" and the "Gap Up" list. Monster on Tuesday gapped higher to a all-time high of $101.55 and closed up +3.68%. Tuesday's rally was sparked by Goldman Sachs' upgrade for Monster to Conviction Buy from Buy and the hike in the price target to $124 from $95. Monster on Jan 11 declared a two-for-one stock split as of Feb 15. Monster Beverage Corp, with a market cap of $8.3 billion, wells energy drinks, fruit juices, fruit juice smoothies, juice cocktails, iced teas, lemonades, and still water.
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:
Chart of the Day Archive
View Past Chart of the Day Reports