The “Chart of the Day” is Phillips-Van Heusen (PVH), which showed up on Thursday’s Barchart “All-Time High” list. PVH on Thursday rallied by 3.41% and posted a new all-time high of $73.32. TrendSpotter has been Long on PVH since July 5 at $68.48. In recent news on the stock, Wells Fargo on July 11 reiterated its Outperform on PVH and said that its acquisition of Warnaco (WRC) could boost PVH’s EPS by 31 cents in 2012 and by $1.46 in 2013 and put the company on track for its goal to become the world’s largest apparel company. Phillips-van Heusen, with a market cap of $4.5 billion, sells men’s, women’s and children’s apparel and footwear. Phillips-Van Heusen formally changed its name to PVH Corp just recently on June 23 after receiving shareholder approval at its annual meeting.
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.
Barchart’s Opinion trading systems are all a Buy and Barchart’s daily TrendSpotter trading system is a “Buy.” 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.
