Barchart.coms Chart of the Day - Apple (AAPL)
The "Chart of the Day" is Apple (AAPL), which showed up on Friday's Barchart
"All-Time High" list. Apple gapped higher Friday and posted an all-time high at
$648.19 and closed up +1.85%. TrendSpotter has been long Apple since Aug 3 at
$615.70. In recent news on the stock, Jefferies & Co. analyst Peter Misek
raised his price target on the stock to $900 from $800 on Friday, saying an
"iPad Mini" is in production in China. His belief is based on readings of
reports from Apple's suppliers, contract manufacturers and contacts in the
region. He now believes Apple will build 25 million iPads of all kinds in the
current quarter, up from a previous estimate of 16 million, which did not
include the "Mini." Analysts now believe the iPhone 5 will go on sale in late
September, and it's widely believed that it will be the biggest phone launch
ever. Rumored upgrades include the ability to access the latest wireless data
networks in the U.S. and a slightly bigger screen. Apple, with a market cap of
$589.9 billion, designs, manufactures and markets personal computers and related
personal computing and communicating solutions for sale primarily to education,
creative, consumer, and business customers.
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.
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
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
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