The “Chart of the Day” is NV Energy (NVE), which showed up on Friday’s Barchart “NYSE 12-Month High” list. NV Energy on Friday rallied by 2.02% and posted a new all-time high of $15.91. TrendSpotter turned Long last Wednesday at $15.55. In recent news on the stock, Soleil on May 2 upgraded NV Energy to Buy from Hold and raised its target to $17 based on valuation and FY-2012 earnings growth. NV Energy, with a market cap of $3.7 billion, is an electric and natural gas utility in Nevada and the Lake Tahoe area of California.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “New Highs/Lows” page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum.
Barchart’s Opinion trading systems are mostly 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: 80% Buy
- Medium-Term Indicators: 75% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
