The “Chart of the Day” is Equinix (EQIX), which showed up on Friday’s Barchart “All-Time High” list. Equinix on Friday posted a new all-time high of $176.16 and closed up 3.41%. TrendSpotter has been long since June 8 at $167.03. In recent news on the stock, Cowen said that Equinix could convert to a REIT if it wanted to. Barron’s on May 20 mentioned Equinix in an article as one of the candidates for REIT conversion that would offer upside for investors. Equinix, with a market cap of $8.4 billion, operates Internet Business Exchange centers where Internet businesses place their equipment and their network facilities in order to interconnect with each other.
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: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
