The “Chart of the Day” is Hecla Mining Company (HL), which showed up on Monday’s Barchart “NYSE 12-month high” list. HL rallied sharply Monday to a 2-year high of $9.00 and finished the day up +13%. Trendspotter ™ has been long HL since it gapped higher last Thursday. HL is in a solid uptrend over the last 2 months as the stock has been tracking silver prices, which have exploded to fresh 30-year highs. Hecla Mining Company, with a market cap of $1.97 billion is principally engaged in the exploration, development and mining of precious and nonferrous metals, including gold, silver, lead, zinc and certain industrial minerals.
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: 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.
