The “Chart of the Day” is Kinder Morgan (KMI), which showed up on Friday’s Barchart “All Time High” list. Kinder Morgan on Friday posted a new all-time high of $38.62 and closed up 3.26%. TrendSpotter has been Long since Feb 24 at $33.24. In recent news on the stock, Kinder Morgan said on March 15 that it expects its acquisition of El Paso to close in May. BofA/Merrill on March 20 downgraded the stock to Neutral from Buy due to valuation and left its target at $33. Kinder Morgan, with a market cap of $20 billion, is engaged in energy transportation and storage in North America. The Company handles energy products like natural gas, refined petroleum products, crude oil, ethanol, coal and carbon dioxide (CO2).
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.
