Wednesday, December 12, 2012

Varian Medical Sysytems - VAR - Barchart hart of the Day

Barchart.coms Chart of the Day - Varian Medical Systems (VAR)
The "Chart of the Day" is Varian Medical Systems (VAR), which showed up on Tuesday's Barchart "All-Time High" list. Varian on Tuesday posted a new all-time high of $72.48 and closed +1.32%. TrendSpotter has been long since Oct 26 at $66.93. In recent news on the stock, SunTrust on Nov 16 initiated coverage on Varian with a Buy and a target of $81. Benchmark on Nov 16 initiated coverage on Varian with a Buy and a target of $88. Varian Medical Systems, with a market cap of $7.7 billion, is the world's leading supplier of equipment and software for treating cancer.

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 web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 75% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy

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