The “Chart of the Day” is Penske Automotive Group (PAG), which showed up on Wednesday’s Barchart “All Time High” list. Penske on Wednesday posted a new all-time high of $25.15 and closed up 2.83%. TrendSpotter has been Long since Jan 17 at $21.11. In recent news on the stock, Penske on Feb 15 reported Q4 EPS from continuing operations at 47 cents, above the consensus of 40 cents. Sterne Agee on March 14 reiterated its Buy rating and raised it target for Penske to $29 from $24. Gabelli on Feb 16 said that Penske shares should be bought on weakness and reiterated its Buy rating. Penske Automotive Group, with a market cap of $2.1 billion, is an operator of franchised automobile and light truck dealerships and related businesses.
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: 67% 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.
