The “Chart of the Day” is Terra Nitrogen Co. (TNH), which showed up on Wednesday’s “NYSE 12-month High” list. Terra Nitrogen on Wednesday rallied by 2.68% and posted a new 15-month high of $124.50. TrendSpotter has been long on Terra Nitrogen since May 19 at $115.29. Terra Nitrogen Co., with a market cap of $2.2 billion, is a producer and marketer of nitrogen fertilizer and methanol in North America and of nitrogen in the United Kingdom for agricultural and industrial customers.
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. We then used a custom pull-down menu in order to sort the list with the highest “Today’s Opinion” at the top.
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.
