The “Chart of the Day” is J.M. Smucker (SJM), which showed up on Tuesday’s Barchart “All Time High” list with a 1.10% rally. TrendSpotter has been Long on J.M. Smucker since Feb 17 at $66.65. In recent news on the stock, Gabelli on Feb 18 reiterated its Buy rating on Smucker and said they believe Smucker is generating strong cash flow and will generate high-single digit earnings growth over the next 5 years. J.M. Smucker, with a market cap of $8.5 billion, is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S. The company also sells dessert toppings, natural peanut butter, and health and natural foods juice products.
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.
Barchart’s Opinion trading systems are mostly 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: 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.
