The “Chart of the Day” is Dorman Products (DORM), which showed up on Thursday’s Barchart “All Time High” list. Dorman on Thursday posted a new all-time high of $52.04 and closed up 0.86%. TrendSpotter has been Long since May 2 at $49.66. In recent news on the stock, Dorman on Feb 21 reported fiscal Q4 EPS of 87 cents, well above the consensus of 76 cents. Dorman on May 15 declared a 2 for 1 stock split effective June 1 with a distribution date of June 15. Dorman Products, with a market cap of $880 million, is a leading supplier of OE Dealer `Exclusive` automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets.
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: 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.
