The “Chart of the Day” is Herbalife (HLF), which showed up on Thursday’s Barchart “NYSE 12-month High” list. Herbalife on Thursday rallied by 2.62% to post a new record high for the stock, which has history back to 2005. TrendSpotter was recently long Herbalife from Sep 3 (56.24) until Nov 2 ($62.51), taking a profit of $6.27 per share or 11.1%. After two days in neutral, TrendSpotter then got long Herbalife again on Nov 4 at $65.27. In recent news on the stock, Herbalife on Nov 1 reported Q3 EPS of $1.17 versus the consensus of $1.03 and issued above-consensus guidance for 2010 and 2011. On Nov 3, DA Davidson, after attending Herbalife’s analyst day, reiterated its Buy recommendation and said that the company has some impressive growth catalysts. Herbalife, with a market cap of $3.9 billion, is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle.
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 all a Buy and Barchart’s daily TrendSpotter 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.
