The “Chart of the Day” is Compellent Technologies (CML), which showed up on Wednesday’s Barchart “NYSE 12-month high” list. CML gapped higher Wednesday and rallied to a 3-year high of $26.44 on heavy volume and finished the day up +32.3%. CML gapped higher Wednesday after the company reported late Tuesday Q3 EPS of $0.15 on revenue of $42.1 million, beatings the consensus of $0.04 and $38 million in revenue. Financial advisors Pacific Crest Securities, JMP Securities, Wedbush, William Blair & Co., and Robert W. Baird & Co. all recommended the stock, generally maintaining ratings of “Market Perform” as CML has seen a near-threefold increase in customers in the past 3 months. Rumors that Dell will buy the company has further encouraged the upside for CML. Compellent Technologies Inc., with a market cap of $565 million sells data storage to large businesses and is a leading provider of enterprise-class network storage solutions that are highly scalable, feature-rich and designed to be easy to use and cost effective.
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.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily Trendspotter(tm) trading system is a “Buy.” 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: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
