The “Chart of the Day” is Hexcel Corp (HXL), which showed up on Wednesday’s Barchart “NYSE 12-month High” list. Hexcel on Wednesday rallied by 2.80% to post a new 3-year high. TrendSpotter has been Long on Hexcel since June 22 at $21.09. In recent news on the stock, Stifel Nicolaus on July 5 reiterated its Buy rating on Hexcel and raised its target to $30 from $25. Needham on the same day reiterated its Buy rating and raised its target to $32 from $24. KeyBanc on June 22 upgraded Hexcel to Buy from Hold and raised its target to $28 based on improved confidence in commercial aerospace opportunities. Hexcel, with a market cap of $2.1 billion, is a manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets.
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.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
