Wednesday, January 23, 2013

Intercontinental Hotels Group - IHG - Barchart Chart of the Day


Barchart.com's Chart of the Day - Intercontinental Hotels Group (IHG)
The "Chart of the Day" is Intercontinental Hotels Group (IHG), which showed up on Tuesday's Barchart "All-Time High" list. Intercontinental on Tuesday posted a new all-time high of $29.04 and closed +0.52%. TrendSpotter has been long since Nov 21 at $26.23. In recent news on the stock, Exane BNP Paribas upgraded Intercontinental Hotels to Outperform from Neutral on Nov 12 and Barclays upgraded Intercontinental Hotels to Overweight from Equal Weight on Nov 20, although Credit Suisse on Dec 6 downgraded Intercontinental Hotels to Neutral from Outperform on Dec 6. Intercontinental Hotels Group, with a market cap of $8 billion, owns hotel chains including InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn hotels, Holiday Inn Express hotels, and Staybridge Suites by Holiday Inn hotels.

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


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