The “Chart of the Day” is Union Pacific (UNP), which showed up on Monday’s Barchart “All-Time High” list. Union Pacific on Monday broke out to a new all-time high of $118.99 and closed up 2.89%. TrendSpotter just issued a new Buy signal on last Friday’s close of $114.87. In recent news on the stock, Union Pacific on April 19 reported Q1 EPS of $1.79, higher than the consensus of $1.63. Argus on April 24 reiterated its Buy rating and target of $130 and said that Union Pacific deserves a higher multiple and is poised to benefit from improvements in the housing and energy markets. Union Pacific, with a market cap of $55 billion, is a major U.S. rail transportation company.
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: 33% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
