The “Chart of the Day” is Mako Surgical (MAKO), which showed up on Friday’s Barchart “All Time High” list. Mako Surgical on Friday edged to a new all-time high of $37.75 and closed up 1.21% at $36.46. TrendSpotter has been Long on Mako Surgical since Aug 16 at $32.60. In recent news on the stock, Mako Surgical on Aug 8 reported a loss of 24 cents, which was in line with the market consensus. Piper Jaffray on July 6 reiterated its Overweight recommendation for Mako Surgical and raised its target to $35 from $33. Mako Surgical, with a market cap of $1.5 billion, is a medical device company that markets its advanced robotic-arm solution and implants for minimally invasive orthopedic knee procedures.
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.
