The “Chart of the Day” is Eldorado Gold Corp. (EGO), which showed up on Tuesday’s Barchart “NYSE 12-month high” list. EGO gapped higher Tuesday and posted a record high of $20.15 and finished the day up +4.4%. Barchart’s Trendspotter(tm) has been long EGO for the past 5 weeks. EGO gapped higher on Tuesday and continued its 2-month upmove to a new record high as it continues to track the price of gold, which also climbed to an all-time high on Tuesday. Eldorado Gold Corp., with a market cap of $10.4 billion, is a gold producing and exploration company with gold assets in Brazil and Turkey.
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. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily Trendspotter(tm) 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.
