The “Chart of the Day” is Madison Square Gardens (MSG), which showed up on Thursday’s Barchart “All Time High” list. MSG on Thursday posted an all-time high of $30.37 and closed up 1.68%. TrendSpotter has been Long since Nov 28 at $28.37. In recent news on the stock, Morgan Stanley on Dec 8 upgraded MSG to Overweight from Underweight and raised its target to $35 from $28. Maxim on Nov 29 reiterated its Buy rating on the stock and raised its target to $36 from $32 after the NBA owners and players reached an agreement. Madison Square Gardens, with a market cap of $1.8 billion, is an integrated sports, entertainment, and media business with assets including the New York Knicks (NBA), New York Rangers (NHL), New York Liberty (WNBA), and the Hartford Wolf Pack (American Hockey League). The Company owns and operates the Madison Square Garden arena complex located in the New York metropolitan area. MSG Entertainment manages and creates concerts and events at Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre, the Wang Theatre in Boston, and produces the Radio City Christmas Spectacular featuring the Radio City Rockettes. The company also owns and operates media assets and television networks.
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: 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.
