The “Chart of the Day” is Accenture (ACN), which showed up on Wednesday’s Barchart “All Time High” list with a 2.09% rally to an all-time high of $56.92. TrendSpotter has been Long on Accenture since March 29 at $54.27. Accenture today (April 14) is holding an Analyst Day. In the recent news on the stock, Cowen on March 25 reiterated its Outperform rating on Accenture and said the company is trading below historic multiples and should benefit from a recovery in European demand and profit margin expansion. Accenture, with a market cap of $35 billion, is a management consulting, technology services and outsourcing organization.
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 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: 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.
