The “Chart of the Day” is CenterPoint Energy (CNP), which showed up on Barchart’s “NYSE 12-Month High” list. CenterPoint Energy on Monday rallied by 0.79% and posted a new 10-year high. TrendSpotter has been Long since Sep 29 at $19.96. In recent news on the stock, SunTrust on Aug 23 upgraded CenterPoint to Buy from Neutral based on valuation and set a target of $21. Deutsche Bank on Aug 5 upgraded CenterPoint to Buy from Hold and raised its target to $20.00 from $19.50 on a pullback in the stock and on ideas that deployment of the company’s cash may be a potential catalyst. CenterPoint Energy, with a market cap of $8.5 billion, sells electricity and natural gas primarily in central United States.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “New Highs/Lows” page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
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.
