The “Chart of the Day” is Pall Corporation (PLL), which showed up on Tuesday’s Barchart “NYSE 12-month high” list. PLL gapped higher Wednessday and posted a 2-3/4 year high of $41.60 on strong volume and finished the day up +6.3%. Barchart’s Trendspotter(tm) has been long PLL for the past 2 weeks. PLL gapped higher on Wednesday after the company reported before the opening adjusted Q4 EPS of 72 cents a share, ahead of analysts’ estimates of 64 cents, and after it raised its FY 2011 EPS to $2.35-$2.55 vs the consensus of $2.31. On a conference call Wednesday morning, PLL said it saw a 10% increase in consumables and system sales as all regions grew and that the vaccine market remains strong. Pall Corporation, with a market cap of $4.4 billion, is a leading supplier of fine filters, principally made by the company using its proprietary filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases. Its two main businesses are Health Care and Industrial and these businesses include the following major markets: BioPharmaceuticals and Medical and Aeropower and Fluid Processing.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “New Highs/Lows” page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a “Custom View” heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily Trendspotter(tm) trading system is a “Buy.” 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: 60% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
