The “Chart of the Day” is DigitalGlobe (DGI), which showed up on Monday’s Barchart “NYSE 12-month high” list. DGI gapped higher Monday on heavy volume to a record high and finished the day up +13.4%. Barchart’s Trendspotter(tm) has been long DGI for the past 2-weeks. DGI gapped higher Monday after the company announced before the market opened that it had received a 10-year contract under the US government’s Enhanced View commercial imagery program worth as much as $3.5 billion. DGI then raised its 2010 revenue and EPS estimates while JPMorgan Chase raised its share price estimate on DGI to $40.50 from $35.50. DigitalGlobe with a market cap of $1.2 billion, is a global provider of commercial high-resolution earth imagery products and services. DigitalGlobe operates a constellation of high resolution earth imaging satellites, possesses a growing aerial imagery network and offers a comprehensive geoinformation product store – DigitalGlobe.com – that allows quick access and order a wide variety of imagery and derivative information products.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “New Highs/Lows” page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart’s Opinion trading systems are mostly 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: 50% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 72% Buy
Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives
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