The “Chart of the Day” is Enbridge (ENB), which showed up on Wednesday’s Barchart “All Time High” list. Enbridge on Wednesday rallied by 0.84% and posted a new all-time high of $34.00. TrendSpotter just issued a Buy signal on Tuesday at $33.14. In recent news on the stock, Scotia Capital on Sep 19 initiated coverage on Enbridge with an Outperform. Enbridge on Sep 29 announced plans to build a crude oil pipeline from the oversupplied hub at Cushing, Oklahoma to the Texas Gulf coast refining complex. Enbridge, with a market cap of $25 billion, is a leader in energy transportation and distribution mainly in the U.S. and Canada.
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: 50% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 72% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
