The “Chart of the Day” is Gartner Inc (IT), which showed up on Monday’s “NYSE 10-year” High list. Gartner on Monday closed 0.40% lower but posted a new record high for the stock. The stock has rallied fairly sharply in the past two weeks and some consolidation may be necessary, but a rally above Monday’s record high of $30.14 would be a bullish technical signal. In recent news on the stock, Gartner on Aug 9 reported Q2 EPS of 24 cents, which was 2 cents above the consensus of 22 cents. Gartner provided FY2010 EPS guidance of $0.90-1.11, which was in line with the consensus of $1.04. Gartner, with a market cap of $2.8 billion, is a research and management advisory firm.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “NYSE Monthly 10-year 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 “New High/Lows” menu item on the left menu bar, then on the “Monthly” menu item on the top of the table, and then on the entry for NYSE 10-year highs. A stock that has posted a new 10-year high is showing strong upside momentum.
Barchart’s Opinion trading systems are all a Buy and Barchart’s daily Trendspotter(tm) 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.
