The “Chart of the Day” is Diageo (DEO), which showed up on Thursday’s Barchart “All Time High” list. Diageo on Thursday rallied by 1.44% and posted a new all-time high of $85.53. TrendSpotter has been Long on Diageo since April 6 at 78.44. In recent news on the stock, Bloomberg on May 24 reported that Diageo is in talks to buy Jose Cuervo for more than $2 billion. Jefferies on April 12 initiated coverage on Diageo with a Buy. Morgan Stanley on March 28 named Diageo as a long Research Tactical idea. Diageo, with a market cap of $53 billion, is a multinational food and drinks company with brands including Smirnoff, Johnnie Walker, J&B, Gordon’s, Malibu, Baileys, Guinness and Tanqueray.
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. A stock that has posted a new All-Time high is typically showing strong upside momentum.
Barchart’s Opinion trading systems are mostly 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: 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.
