The “Chart of the Day” is Rockwood Holdings (ROC), which showed up on Tuesday’s Barchart “All Time High” list with a 1.35% rally to $49.60. TrendSpotter has been Long on Rockwood since Feb 2 at $42.29. In recent news on the stock, Rockwood was initiated with a Buy rating and a target of $59 by Gleacher. Rockwood on Feb 16 reported Q4 adjusted EPS of 49 cents versus the consensus of 43 cents. On Feb 11, Deutsche Bank reiterated its Buy rating on Rockwood and raised its target to $55 from $50 on its belief that Rockwood’s recent pay down of debt and refinancing would be a positive stock catalyst. Rockwood Holdings, with a market cap of $3.5 billion, focuses on global niche segments of the specialty chemicals and advanced materials markets, including specialty chemicals, performance additives, titanium dioxide pigments, advanced ceramics, custom synthesis, specialty compounds and electronics.
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.
Barchart’s Opinion trading systems are all a Buy and Barchart’s daily TrendSpotter 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: 100% 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.
