The “Chart of the Day” is Coca-Cola (KO), which showed up on Wednesday’s Barchart “All Time High” list. Coca-cola on Wednesday rallied by 0.84% and posted a new all-time high of $70.77. TrendSpotter on Monday just issued a new Buy signal for Coca-cola at $69.73. In recent news on the stock, Coca-Cola on Aug 19 reported that it will invest $4 billion over the next three years in expanding its business in china, which would add to the $3 billion already invested in China in 2009-11. Goldman Sachs on Aug 8 upgraded Coca-Cola to Conviction Buy from Buy with a target of $77 based on its growth outlook, market share gains, and valuation. Coca-Cola, with a market cap of $159 billion, is the world’s largest beverage company.
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: 40% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 80% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
