The “Chart of the Day” is Family Dollar Stores (FDO), which showed up on Wednesday’s Barchart “All-Time High” list. Family Dollar Stores on Wednesday posted a new all-time high of $71.07 and closed up 0.95%. TrendSpotter just turned long again on Wednesday’s close at $70.08. In recent news on the stock, Family Dollar Stores announced on June 4 that it reached an agreement to place Redbox movie/game rental machines in its stores. Northcoast on June 4 upgraded Family Dollar Stores to Buy from Neutral with a target of $81 on expectations that the company’s operating results will improve with the rollout of tobacco products, increased breadth of merchandise, and ongoing optimization. Family Dollar Stores, with a market cap of $8 billion, is a discount store chain in the United States that provides consumers with good-value, low-cost, basic merchandise for family and home needs.
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: 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.
