The “Chart of the Day” is Nike (NKE), which showed up on Friday’s Barchart “All Time High” list. Nike on Friday rallied by 2.68% and posted a new all-time high of $94.35. TrendSpotter has been Long on Nike since Sep 20 at $90.20. In recent news on the stock, Barron’s on Sep 25 said that Nike is “sprinting ahead” of the pack with accelerating demand for its products. Citigroup on Sep 23 reiterated its Buy rating and raised its target to $101 from $98, saying that Nike remains a solid long-term play on apparel growth. Nike on Sep 22 reported fiscal Q1 EPS of $1.36 versus the consensus of $1.21. Nike, with a market cap of $42 billion, is one of the world’s largest sellers of athletic footwear and athletic 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: 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.
