The "Chart of the Day" is Herbalife (HLF), which showed up on Monday's Barchart "All-Time High" list. Herbalife on Monday posted a new all-time high of $73.00 and closed up 0.51%. TrendSpotter just turned Long again last Wednesday at $70.93 after taking a profit in late March on a long trade held from mid-Jan through late-March. In recent news on the stock, Barclays on March 9 initiated coverage on Herbalife with an Overweight rating and a target of $89. Herbalife on Feb 21 reported Q4 EPS of 86 cents, well above the consensus of 73 cents. Herbalife, with a market cap of $8 billion, offers a range of science-based weight management products, nutritional supplements, and personal care products intended to support weight loss and a healthy lifestyle.
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: 67% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.