The “Chart of the Day” is Terra Nitrogen Company (TNH), which showed up on Monday’s Barchart “All Time High” list. Terra Nitrogen on Monday rallied by 2.92% and broke out from a 2-week consolidation range to post a new all-time high of $142.00. TrendSpotter has been Long on Terra Nitrogen since June 21 at $130.55. In recent news on the stock, Investors Business Daily on July 17 named Terra Nitrogen as among the companies in the fertilizer and agricultural chemical industry with the highest gross margin. Terra Nitrogen, with a market cap of $2.6 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 “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 mostly 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: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% 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.
