The “Chart of the Day” is Ferrellgas Partners (FGP), which showed up on Monday’s Barchart “NYSE 3-Month High” list. Ferrellgas on Monday posted a new 3-month high of $18.02 and closed up +3.19%. TrendSpotter has been long since May 3 at $15.78. In recent news on the stock, Ferrellgas on June 8 reported fiscal Q3 EPS of 26 cents versus the consensus of 19 cents and said it sees positive momentum carrying over into fiscal Q4. Ferrellgas Partners, with a market cap of $1.2 billion, is engaged in the sale, distribution, marketing and trading of propane and other natural gas liquids.
How we found the Chart of the Day:
We found the “Chart of the Day” by clicking on the “Stocks” entry on the top menu bar, clicking on the “New Highs/Lows” entry on the left-menu bar, and then clicking on the entry for “NYSE 3-month Highs” page. We then clicked on the “Percent” column header in order to sort the list and find the stocks that had a relatively large percentage gain on the day. Stocks that have posted a new 3-month high are showing some 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: 33% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
