The “Chart of the Day” is Brown-Forman (BF.B), which showed up on Wednesday’s Barchart “All Time High” list. Brown Forman on Wednesday posted a new all-time high of $88.72 and closed up 0.59%. TrendSpotter has been long since March 27 at $83.72. In recent news on the stock, UBS on April 4 upgraded Brown-Forman to Buy from Neutral and raised its target to $98 from $83 due to higher revenue growth estimates and market share gains. Brown-Forman on March 7 reported fiscal Q3 EPS of 93 cents, below the consensus of $1.00, and said it sees net sales growth in Q4 in the high single digit range. Brown-Forman, with a market cap of $12.6 billion, is a producer and marketer of beverage alcohol brands including Jack Daniel’s, Southern Comfort, Finlandia, Canadian Mist, Fetzer, Korbel, Gentleman Jack, el Jimador, Tequila Herradura, Sonoma-Cutrer, Chambord, Tuaca, Woodford Reserve, and Bonterra.
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.
