The “Chart of the Day” is Dr Pepper Snapple Group (DPS), which showed up on Thursday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. DPS on Thursday rallied by 1.26% and posted a new all-time high of $42.42. In recent news on the stock, Jefferies on June 1 initiated coverage on DPS with a Hold and a target of $45. DPS on May 18 raised its dividend by 38% to 32 cents from 25 cents per share. Wells Fargo on May 12 initiated coverage on DPS with an Outperform and a target of $43-45. Dr Pepper Snapple Group, with a market cap of $9 billion, is one of the largest beverage companies in the Americas. They manufacture, market and distribute more than 50 brands of carbonated soft drinks, juices, ready to drink teas, mixers and other premium beverages across the United States, Canada, Mexico and the Caribbean.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “Trading Signals” page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter “Buy” category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the “Today’s Opinion” column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart’s Opinion trading systems are all a Buy and Barchart’s daily TrendSpotter trading system is a “Buy.” 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
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
