Friday, September 9, 2011

Progress Energy - PGN - Barchart Chart of the Day

Barchart.coms Chart of the Day - Progress Energy (PGN)
Related Stocks
PGN - Progress Energy Inc.
Sym Last Chg Pct
PGN 48.72 +0.09 +0.19%
The "Chart of the Day" is Progress Energy (PGN), which showed up on Thursday's Barchart "All Time High" list. Progress Energy on Thursday rallied to a new all-time high of $49.15 but then settled back to close up +0.19% at $48.72. We would have preferred that PGN close at the upper end of Thursday's range rather than near the middle, but a fresh rally to a new all-time high would be a sign of fresh technical strength. TrendSpotter has been Long on Progress Energy since Aug 30 at 48.41. Progress Energy is in the process of merging with Duke Energy (DUK), which has a positive technical outlook as well. Progress Energy, with a market cap of $14 billion, sells electricity and natural gas in the southeastern United States.

pgn_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: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy


Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual


Chart of the Day Archive
View Past Chart of the Day Reports

No comments:

Post a Comment