The “Chart of the Day” is AZZ Inc (AZZ), which showed up on Wednesday’s Barchart “All-Time High” list. AZZ on Wednesday broke out to a new all-time high of $54.64 and closed up 0.80%. TrendSpotter has been long since May 3 at $53.39. In recent news on the stock, AZZ on April 5 reported Q4 EPS of 82 cents, right on market expectations. AZZ on April 30 signed an agreement to acquire Nuclear Logistics, which the company expects to be accretive to earnings to fiscal-year 2013 by 20-25 cents per share. AZZ Inc, with a market cap of $675 million, is an electrical equipment and components manufacturer serving the global growth markets of power generation, transmission and distribution, and industrial markets as well as a provider of hot dip galvanizing services to the steel fabrication market nationwide.
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: 100% Buy
- Medium-Term Indicators: 75% 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.
