The “Chart of the Day” is DTE Energy (DTE), which showed up on Monday’s Barchart “All Time High” list. DTE on Monday rallied by 1.11% to extend last Friday’s upside breakout and post a new all-time high of $50.58. TrendSpotter has been long on DTE since March 29 at $48.10. In recent news on the stock, DTE last Wednesday announced Q1 EPS of $1.11 versus the consensus of $1.25, although revenue of $2.43 billion was substantially above the consensus of $2.21 billion. DTE Energy, with a market cap of $8.5 billion, is a Detroit-based diversified energy company with regulated electric and gas utility units and non-regulated units offering energy-related services and products.

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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.

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.