Thursday, September 8, 2011

Pharmasset - VRUS - Barchart Chart of the Day

Barchart.com's Chart of the Day - Pharmasset (VRUS)
Related Stocks
VRUS - Pharmasset
Sym Last Chg Pct
VRUS 71.94 +1.41 +2.00%
The "Chart of the Day" is Pharmasset (VRUS), which showed up on Wednesday's Barchart "All Time High" list. Pharmasset on Wednesday rallied by 2.0% and posted a new all-time high of $73.41. TrendSpotter has been Long on Pharmasset since Aug 29 at $67.00. In recent news on the stock, Piper Jaffray on Wednesday initiated coverage on Pharmasset with an Overweight rating and a target of $90. Brean Murray on Wednesday reiterated its Buy rating and raised its price target to $105 from $87. Citigroup on Aug 12 added Pharmasset to its Top Picks Live list, called the stock its top idea under coverage, and kept its $200 target. Citigroup said it believes that Pharmasset's PSI-7977 will be a key treatment for hepatitis C therapy. Pharmasset, with a market cap of $4.8 billion, is a clinical-stage pharmaceutical company committed to discovering, developing and commercializing novel drugs to treat viral infections.

vrus_700
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: 100% Buy
  • Overall Average 100% Buy


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