The “Chart of the Day” is Union Pacific Corp (UNP), which showed up on Thursday’s “NYSE 12-month high” list. UNP on Thursday rallied by 0.41% and posted a new record high for the stock. Weekly Trendspotter(tm) has been long UNP since Feb 2010 at $66.74. In recent news on the stock, Wells Fargo on Oct 1 downgraded UNP to Market Perform from Outperform due to valuation and a lack of catalysts and maintained its target of $83-89. However, BMO Capital on Sep 21 initiated coverage on UNP with an Outperform and a target of $95. Morgan Stanley on Aug 11 named UNP as a long Research Tactical Idea. With a market cap of $41 billion, is one of America’s largest railroads.
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 all 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: 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.
