The “Chart of the Day” is Coventry Health Care (CVH), which showed up on Tuesday’s Barchart “NYSE 12-month High” list. Coventry on Tuesday rallied by 2.67% to break out to a new 2-year high of $27.71. TrendSpotter has been long Coventry for nearly 3 months since Oct 8 at $21.87 which a profit-to-date of 27%. Coventry Health Care, with a market cap of $3.9 billion, provides a full range of managed care products and services including health maintenance organization, point-of-service, preferred provider organization products, and Medicare and Medicaid products.
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. We then clicked on the “12-Month # Highs” column heading twice in order to sort the list in ascending order. Stocks with the fewest number of 12-month highs over the past 12 months are stocks that have only recently broken out to a new 12-month high and may have better upside potential then stocks that have already rallied sharply and have posted many new 12-month highs.
Barchart’s Opinion trading systems are all a Buy and Barchart’s daily TrendSpotter 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.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
