The “Chart of the Day” is ONEOK (OKE), which showed up on Tuesday’s Barchart “All Time High” list. ONEOK on Tuesday posted a new all-time high of $88.38 and closed up 1.61%. TrendSpotter has been Long on the stock for about 3 months since Oct 18 at $72.25. In recent news on the stock, Morgan Stanley on Nov 15 upgraded ONEOK to Overweight from Equal Weight and raised its price target to $93 from $82 based on growth from Bakken and Mid-Continent and the company’s dividend growth. ONEOK, with a market cap of $9 billion, is engaged in the natural gas business.
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 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.
