The “Chart of the Day” is Chevron (CVX), which showed up on Thursday’s Barchart “All Time High” list and on the “Gap Up” list. Chevron on Thursday gapped up to a new all-time high of $110.01 and closed 2.33% higher. TrendSpotter has been Long since Oct 14 at $100.47. Chevron reports earnings Friday morning before the open. Chevron on Thursday announced natural gas discoveries offshore from Western Australia in the Carnarvon Basin. Chevron on Wednesday raised its quarterly dividend by 3.8% to 81 cents. Chevron, with a market cap of $209 billion, is the fifth-largest integrated energy company in the world.
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: 50% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 64% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
