Barchart Research Team - Barchart.com - Mon Jan 23, 4:12PM CST
The "Chart of the Day" is J.M. Smucker Company (SJM), which showed up on Monday's Barchart "All Time High" list. Smucker on Monday posted a new all-time high of $81.25 and closed up 0.85%. TrendSpotter has been Long since Dec 20 at $78.39. In recent news on the stock, JP Morgan on Nov 18 added Smucker to its Focus List and reiterated its Overweight rating. Barron's on Nov 18 ran a favorable article on Smucker, saying the company should benefit from recent price increases and that its brands should give it leverage with retailers and resonate with consumers as the economy improves. J.M. Smucker Company, with a market cap of $9 billion, is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S.
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