The “Chart of the Day” is Limited Brands (LTD), which showed up on Monday’s Barchart “All Time High” list. LTD on Monday rallied by 4.71% and posted a new all-time high of $42.36. TrendSpotter has been Long on LTD since Aug 30 at $38.31. In recent news on the stock, UBS on Sep 23 resumed coverage on LTD with a Buy and a target of $46. LTD on Aug 17 reported Q2 EPS of 48 cents, which was above the analyst consensus of 46 cents. Credit Suisse on Sep 7 initiated coverage on LTD with a Neutral and a target of $40. Limited Brands, with a market cap of $12 billion, is a major retailer of women’s apparel.
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.
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.
