The “Chart of the Day” is Consolidated Edison (ED), which showed up on Thursday’s Barchart “All Time High” list. ConEd on Thursday posted a new all-time high of $59.93 and closed +1.65%. TrendSpotter has been Long since Nov 30 at $59.42. In recent news on the stock, ConEd on Nov 3 reported Q3 EPS of $1.33, in line with the analyst consensus. ConEd on Oct 28 received downgrades to Underperform from Jefferies and RBC Capital due to valuation. Consolidated Edison of NY (ED), with a market cap of $17 billion, is one of the nation’s largest investor-owned energy companies.

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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.