The “Chart of the Day” is ABB Ltd (ABB), which showed up on Thursday’s “NYSE 12-month high” list. ABB on Thursday rallied by 0.67% to post a new 2-year high. The weekly Barchart TrendSpotter program has been long ABB for the last 4 weeks from $21.11. In recent news on the stock, ABB was upgraded to Outperform by Macquarie on Oct 13. ABB, with a market cap of $52 billion, provides power and automation technologies for its utility and industrial customers.
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. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
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.
