Thursday, January 10, 2013

Ingredion - INGR - Barchart Chart of the Day


Barchart.com's Chart of the Day - Ingredion (INGR)
The "Chart of the Day" is Ingredion (INGR), which showed up on Wednesday's Barchart "All-Time High" list. Ingredion on Wednesday posted a new all-time high of $67.50 and closed +2.31%. TrendSpotter has been long since Jan 2 at $67.00. In recent news on the stock, BB&T on Dec 4 reiterated its Buy rating and said that it remains confident in the company after meeting with management and that it expects the company's EPS growth to significantly accelerate in 2013. Ingredion, with a market cap of $5 billion, is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients.

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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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