The “Chart of the Day” is Alliance Data Systems (ADS), which showed up on Tuesday’s Barchart “All-Time High” list. Alliance on Tuesday posted a new all-time high of $132.11 and closed up 1.17%. TrendSpotter issued a Buy signal on Tuesday’s close of $131.75. In recent news on the stock, ADS reported Q1 core EPS of $2.38, which was higher than the consensus of $2.19. On April 20, the day after the earnings report, Stephens, RW Baird, and RBC capital all reiterated their Outperform ratings on ADS and raised their target prices to $145, $150 and $145, respectively. Alliance Data Systems, with a market cap of $6.5 billion, is a leading provider of transaction services, credit services and marketing services to retail companies in North America.
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.
The status of Barchart’s Opinion trading systems are listed below. 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: 60% Buy
- Medium-Term Indicators: 100% 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.
