Barchart Research Team - BC - Tue May 15, 6:08PM CDT
The "Chart of the Day" is Colgate-Palmolive (CL), which showed up on Tuesday's Barchart "All Time High" and "Gap Up" lists. Colgate-Palmolive on Tuesday posted a new all-time high of $101.82 and closed up 2.05%. TrendSpotter has been long since April 16 at $97.67. Colgate-Palmolive was last featured on "Chart of the Day' as of the close on August 29, 2011 when the stock was at $89.77. In recent news on the stock, Argus on May 15 upgraded Colgate-Palmolive to Buy from Hold with a price target of $118 based on emerging market opportunities, improving free cash flow, and expectations for continued stock repurchases and dividend increases. Colgate-Palmolive, with a market cap of $47 billion, is a leading global consumer products company, focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition.
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