The “Chart of the Day” is Mellanox Technologies (MLNX), which showed up on Tuesday’s Barchart “All-Time High” list. Mellanox on Tuesday posted a new all-time high of $75.09 and closed up 3.73%. TrendSpotter has been long since May 29 at $60.14. In recent news on the stock, Maxim on June 25 reiterated its Buy rating on Mellanox and raised its target to $80 from $65 due to various new product prospects. Wunderlich on June 20 reiterated its Buy target and raised its target to $85 from $65. Mellanox Technologies, with a market cap of $2.8 billion, a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications.
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: 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.
