The “Chart of the Day” is Clean Harbors (CLH), which showed up on Wednesday’s Barchart “All-Time High” list. Clean Harbors on Wednesday rallied by 3.31% to break out above last week’s high to post a new all-time high. Except for a brief neutral period in mid-November, TrendSpotter has been long Clean Harbors since last September at $65.83. In recent news on the stock, Clean Harbors on Wednesday reported Q4 EPS of 88 cents, better than the analyst consensus of 78 cents. On Feb 15, Wedbush reiterated its Outperform rating on Clean Harbors and raised its target to $100 from $95. Clean Harbors, with a market cap of $2.3 billion, provides a variety of environmental cleanup services.
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.
