The “Chart of the Day” is BorgWarner (BWA), which showed up on Friday’s Barchart “All Time High” list. BorgWarner on Friday posted a new all-time high of $83.45 and closed up 2.08%. TrendSpotter has been Long since Jan 11 at $72.53. In recent news on the stock, CLSA on Feb 23 initiated coverage on BorgWarner with a Buy and a target of $100. Sterne Agee on Feb 17 reiterated its Buy rating on BorgWarner and raised its target to $90 from $81 due to better than expected Q4 results and higher than expected 2012 guidance. Sterne Agee expects BorgWarner to grow at double-digit levels in the next few years. BorgWarner, with a market cap of $8 billion, is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide.
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: 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.
