The "Chart of the Day" is Apple (AAPL), which showed up on Wednesday's Barchart "All Time High" and the "Gap Up" list. Apple on Wednesday posted a new all-time high of $429.47 and closed up 1.04%. TrendSpotter has been Long since Dec 23 at $403.33. In recent news on the stock, WSJ on Wednesday reported that Apple's computer use is growing in corporate offices. Piper Jaffray on Tuesday lowered its Q4 MAC sales estimates but that was offset by strong iPhone sales, leading Piper Jaffray to reiterate its Overweight rating on Apple. Apple, with a market cap of $390 billion, designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers.
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:
Chart of the Day Archive
View Past Chart of the Day Reports