The “Chart of the Day” is Wisconsin Energy (WEC), which showed up on Wednesday’s Barchart “All-Time High” list. Wisconsin Energy on Wednesday posted a new all-time high of $39.70 and closed up +1.46%. TrendSpotter just turned long again on Tuesday at $39.01 after taking a profit last week on a 2-month long trade. In recent news on the stock, Wells Fargo on May 15 downgraded Wisconsin Energy to Market Perform from Outperform with an unchanged target of $38-29, but a day earlier RW Baird upgraded Wisconsin Energy to Outperform from Neutral and raised its target to $40 from $35. Wisconsin Energy Corp, with a market cap of $8.9 billion, serves electric and natural gas customers in Wisconsin and Michigan’s Upper Peninsula through its primary utility subsidiaries Wisconsin Electric, Wisconsin Gas and Edison Sault Electric. Its non-utility subsidiaries include energy services and development, pump manufacturing, waste-to-energy, and real estate businesses.
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: 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.
