Barchart Research Team - Barchart.com - Mon Mar 19, 5:49PM CDT
The "Chart of the Day" is Simon Property Group (SPG), which showed up on Monday's Barchart "All Time High" list. SPG on Monday posted a new all-time high of $144.00 and closed up 1.18%. TrendSpotter issued a new Buy signal on March 2 at $137.25. "Chart of the Day" featured Simon Property Group about two months ago with the Jan 24 close of $133.74. In recent news on the stock, Standard and Poor's announced on March 9 that Simon Property Group would be added to the S&P 100 index as of the March 16 close, replacing Alcoa. Simon Property management on March 8 raised its 2012 FFO (funds from operations) guidance to $7.35-$7.50 after recent deals, up from the previous $7.20-$7.30. Simon Property Group, with a market cap of $42 billion, is a real estate investment trust (REIT) that owns and manages income-producing properties, mainly 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: 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