The “Chart of the Day” is O’Reilly Automotive (ORLY), which showed up on Tuesday’s Barchart “All Time High” list. O’Reilly Automotive on Tuesday established an outside-day-up pattern and closed +1.29% after posting a new all-time high of $66.70. TrendSpotter has been Long on ORLY since Aug 24 at $63.96. In recent news on the stock, ISI Group upgraded ORLY to Hold from Sell due to its defensive nature and improving auto part demand. ORLY on July 27 reported in-line Q2 EPS of 96 cents and said it expects solid sales despite the poor economy since economic pressure “requires consumers to maintain their existing vehicles.” O’Reilly Automotive, with a market cap of $8.9 billion, is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories to both “do-it-yourself“ customers and professional mechanics or service technicians.
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.
