The “Chart of the Day” is US Airways (LCC), which showed up on Thursday’s Barchart “52-Week High” and “Gap Up” lists. US Airways was one of a limited number of stocks that even closed higher on Thursday as the S&P 500 index fell sharply by -2.23%. US Airways on Thursday posted a new 4-year high of $13.78 and closed up 3.38%. TrendSpotter has been long since May 24 at $12.16. In recent news on the stock, US Airlines on June 14 said that it expects “very strong” Q2 and full-year results and that speculation of its merger with American Airlines when American comes out of bankruptcy is helping its stock price. US Airways, with a market cap of $2 billion, is a major U.S.-based airline carrier with service in the U.S., Canada, Europe, the Caribbean, and Latin America.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “52-week Highs” page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of 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: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% 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.
