4 Internet stocks

Results are mixed on these 4 popular Internet stocks but I'll give you just the facts:

Netflix (NFLX)

Barchart technical indicators:

• 72% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• Down 3.19% in the past month
• 72.54% off its 1 year high
• Relative Strength Index 42.42%
• Recently traded at 58.00 which is below its 50 day moving average of 65.80

Pandora Media (P)

Barchart technical indicators:

• 32% Barchart technical buy signal
• Trend Spotter hold
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 9.75% in the last month
• Relative Strength Index 51.17%
• Barchart computes a technical support level at 9.91
• Recently traded at 10.58 with a 50 day moving average of 10.19

Sirius XM Radio (SIRI)

Barchart technical indicators:

• 8% Barchart technical buy signal
• Trend Spotter hold signal
• Below its 20 day moving average but above its 50 and 100 day moving averages
• Down 1.59%  this month
• 6.44% off its 1 year high
• Relative Strength Index 52.63%
• Barchart computes a technical support level at 2.35
• Recently traded at 2.47 with a 50 day moving average of 2.32

Facebook (FB)

Barchart technical indicators:

• Barchart does not give opinions on technical analysis until it has 6 months of data
• Down 4.11% this month
• Lost 45.82% off of its 1 year high
• Relative Strength Index 51.42%
• Recently traded at 20.71 which is below its 50 day moving average of 23.22

3 Stocks Hitting New Highs

Today Barchart listed stocks hitting all time new highs and 3 on the list were U S Physical Therapy (USPH), Universal Health Realty Income (UHT) and The Travelers Company (TRV)

U S Physical Therapy (USPH)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 2 new highs and up .59% in the last month
• Relative Strength Index 60.10%
• Barchart computes a technical support level at 25.91
• Recently traded at 27.37 with a 50 day moving average of 26.12

Universal Health Realty Income (UHT)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 5.49% in the last month
• Relative Strength Index 75.37%
• Barchart computes a technical support level at 44.05
• Recently traded at 44.93 with a 50 day moving average of 43.03

The Travelers Company (TRV)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 4.64% in the last month
• Relative Strength Index 69.91%
• Barchart computes a technical support level at 64.86
• Recently traded at 66.95 with a 50 day moving average of 63.81

3 Popular Stock on the MOve

Today I used Barchart to review the momentum of 3 very widely followed stocks and found good upward momentum in Bank of America (BAC), CitiGroup (C) and Cisco Systems (CSCO).

Bank of America (BAC)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 12.92% in the last month
• Relative Strength Index 69.61%
• Barchart computes a technical support level at 8.29
• Recently traded at 8.74 with a 50 day moving average of 7.76

CitiGroup (C)

Barchart technical indicators:

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 12.94% in the last month
• Relative Strength Index 74.40%
• Barchart computes a technical support level at 31.24
• Recently traded at 32.59 with a 50 day moving average of 28.21

Cisco Systems (CSCO)

Barchart technical indicators:

• 64% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 6 new highs and up 9.42% in the last month
• Relative Strength Index 60.28%
• Barchart computes a technical support level at 18.87
• Recently traded at 19.19 with a 50 day moving average of 17.45

Barchart Morning Call 9/11

Barchart Morning Call

BC - Tue Sep 11, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps this morning are up +3.75 points (+0.26%) as general sentiment remains positive going into the Wednesday/Thursday FOMC meeting, which is widely expected to produce a QE3 announcement. European stocks are down -0.33% this morning on worries ahead of tomorrow's ruling on the ESM by the German Federal constitutional Court and as Spain continues to show a reluctance to accept the ECB's bond-buying program. Asian stocks today closed mixed with Japan down -0.70%, Hong Kong +0.15%, and China -0.64%. Commodity prices are slightly higher by +0.10% on average with Oct crude oil virtually unchanged, Dec gold up +0.06%, Dec copper down -0.07%, and agricultural prices narrowly mixed. The dollar index is down -0.21 this morning on a generally stable environment while EUR/USD is up +0.22%. Sep 10-year T-notes are up 4.5 ticks as this week's $66 billion Treasury coupon auction package begins today with the sale of $32 billion in 3-year T-notes.
• Chinese stocks fell -0.7% today due to a weaker-than-expected auto sales report of +11% to 1.22 million units (versus expectations of 1.24 million units) and general concerns about slower economic growth. Chinese stocks were also hurt by reports expressing concern about the health of Vice President Xi Jinping's, who has been absent from public view for more than a week and has missed a series of scheduled meetings. Xi Jinping is believed to be the leading candidate to succeed Chinese President Hu Jintao in next month's leadership change.
• Germany's Federal Constitutional Court today said it will issue its ruling tomorrow at 10 AM local time on the permanent ESM bailout facility as previously scheduled, rejecting a bid to delay its ruling. Germany cannot ratify its participation in the ESM until the Court provides the go-ahead. The markets are generally expecting a decision in favor of allowing Germany to proceed with ratification, but it is possible that the Court could impose conditions, even going so far as to require a public referendum on whether the ESM can proceed. The ESM has already been delayed by two months by waiting for the Court's decision and the markets would be very disappointed with any further delays or obstacles.
• Spanish Prime Minister Rajoy said late yesterday that he will not allow the EU or the ECB to dictate how the Spanish government narrows its budget deficit as a condition for the ECB's bond-buying program.
• Germany's Aug wholesale price index rose +1.1% m/m and +3.1% y/y, which was substantially stronger than July's report of +0.3% m/m and +2.0% y/y.
• Japan's Aug machine tool orders report of -2.6% y/y improved from July's poor report of -6.7% y/y.
• China's money supply report was weaker than expected, providing additional evidence pointing to an economic slowdown. M2 growth eased to +13.5% y/y from +13.9% in July and was below market expectations of +14.0% y/y. M1 growth eased slightly to +4.5% from +4.6% in July and was weaker than market expectations of +4.7%.
• China's Aug new lending of 704 billion yuan ($111 billion) was higher than the expected 600 billion yuan and was up from 540 billion yuan in July. The higher lending level suggested that banks are successfully force-feeding loans to businesses in an attempt to meet the government's stimulus plans.
• UK's trade deficit was substantially narrower than expected, providing some support for the pound. UK's total trade deficit narrowed to -1.517 billion pounds from a revised -4.333 billion pounds in June and was much narrower than market expectations of -3.2 billion pounds.
  Market Comments
  • Sep E-mini S&Ps this morning are mildly higher by +3.75 (+0.26%) as the market basically treads water ahead of the FOMC decision on Thursday. U.S. stocks on Monday closed with fairly sharp losses: S&P 500 -0.61%, Dow Jones -0.39%, Nasdaq 100 -1.30%. Bearish factors included (1) long liquidation pressure and nervousness ahead of the Wed/Thur FOMC meeting where market participants are strongly expecting QE3, (2) the $3.3 billion drop in U.S. consumer credit, which indicated weak consumer confidence in July, (3) generally weak Chinese economic data released over the weekend with the main negative number being the 2.6% y/y decline in Chinese imports, which highlighted weak domestic demand, and (4) the downward revision in Japan's Q2 GDP to +0.7% from +1.4% q/q annualized. The stock market is mainly focused on whether the FOMC at its Wed/Thur meeting will launch QE3.
  • Dec 10-year T-notes this morning are up 4.5 ticks going into today's 3-year T-note auction. T-note prices on Monday closed slightly lower: TYZ2 -5, FVZ2 -2.75. T-note prices saw some weakness on Monday as the market started to wonder whether the chances have been overplayed for a QE3 decision from the Fed on Thursday. There was also some supply overhang as the Treasury today begins its $66 billion auction of 3-year, 10-year, and 30-year securities.
  • The dollar index this morning is down -0.21 (-0.26%) on continued bearishness tied to expectations for QE3 on Thursday. EUR/USD is up +0.22% and USD/JPY is down -0.27 (-0.34%). The dollar index on Monday closed slightly higher: Dollar index +0.15 (+0.18%), EUR/USD -0.0058 (-0.45%), USD/JPY +0.05 (+0.06%). The dollar closed slightly higher on some technical short-covering after last week's sharp decline. In addition, there was some weakness in EUR/USD tied to meetings this week between Greek Prime Minister Samaras and troika officials. Mr. Samaras has yet to obtain an agreement from his coalition partners on the 11.5 billion euro austerity package that Mr. Samaras must get passed to satisfy Eurozone officials and qualify for its next bailout tranche.
  • Oct WTI crude oil prices this morning are down -0.01 (-0.01%) and Oct gasoline is up +0.0058 (+0.19%). Oct crude oil and gasoline prices on Monday closed slightly higher: CLV2 +0.12 (+0.12%), RBV2 +0.0044 (+0.15%). Crude oil prices received a boost from continued tight U.S. refinery conditions and Israel's push-back against U.S. Secretary of State Hillary Clinton's comment that the U.S. does not intend to impose deadlines and red lines in the dispute with Iran over its nuclear program. Production in the Gulf of Mexico from Hurricane Isaac (which made landfall on Aug 29) has now been mostly restored with only 8% of oil production and 6% of natural gas production still shut down as of mid-day Monday. Oil prices saw some downward pressure on Monday from Saudi Arabian Oil Minister Ali al-Naimi's comment that the current supply and demand situation do not justify crude oil's high price at present. He said, "The market is well balanced, forward cover remains within an acceptable range and inventories are more than adequate." The market consensus for Wednesday's weekly DOE report is for a 2.6 million barrel drop in crude oil inventories, a 1.65 million barrel decline in gasoline inventories, a 1.15 million barrel decline in distillate inventories, and a 1.0 point increase in the refinery utilization rate to 87.1% from last week's 86.1%. The inventory declines are expected to stem from the continued shut-down of a significant amount of oil production and refinery operation during the reporting week ending Sep 7 due to Hurricane Isaac.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): UNFI-United Natural (Consensus $0.51).
    Global Financial Calendar
    

    Global Calendar - Tuesday 9/11/12
    United States
    0745 ET	ICSC (Int'l Council of Shopping Centers) weekly retailer sales.
    0830 ET	July trade balance expected -$44.0 billion, Jun -$42.9 billion.
    0855 ET	Redbook weekly retailer sales.
    1130 ET	Weekly 4-week T-bill auction.
    1300 ET	Treasury auctions $32 bln in 3-year T-notes.
    1630 ET	API weekly U.S. oil statistics.
    Japan
    0200 ET	Japan Aug machine tool orders, July -6.7% y/y.
    1950 ET	Japan July machine orders expected +2.0% m/m and -3.6% y/y, June +5.6% m/m and -9.9% y/y.
    1950 ET	Japan July tertiary index expected -0.5% m/m, June +0.1% m/m.
    1950 ET	Japan Aug domestic CGPI expected +0.1% m/m and -1.9% y/y, July -0.4% m/m and -2.1% y/y.
    United Kingdom
    0430 ET	UK July visible trade balance expected -9.0 bln pounds, June -10.119 bln pounds. July non-EU trade balance expected -4.5 bln pounds, June -5.176 bln pounds. July total trade balance expected -3.2 bln pounds, June -4.308 bln pounds.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

FMC Corp - FMC 0 Barchart Chart of the Day

Barchart.coms Chart of the Day - FMC Corp (FMC)

Barchart Research Team - BC - Mon Sep 10, 6:06PM CDT

The "Chart of the Day" is FMC Corp (FMC), which showed up on Monday's Barchart "All-Time High" list. FMC on Monday posted a new all-time high of $56.91 and closed +1.30%. TrendSpotter has been long since Aug 7 at $55.22. FMC was last featured on "Chart of the Day" as of the close on Feb 17 with the stock at $48.31. In recent news on the stock, FMC on July 31 reported Q2 EPS of 92 cents, above the analyst consensus of 90 cents. Bloomberg on June 20 carried an article about booming demand for lithium due to the increased use of lithium batteries for electronic devices as well as hybrid auto batteries, mentioning FMC as one of the world's largest producers of lithium. Lithium accounts for about one-quarter of FMC's sales. FMC Corp, with a market cap of $7.6 billion, is one of the world's leading producers of machinery and chemicals for industry and agriculture.


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

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Quote
Detailed Quote
Chart

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

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Chart of the Day Archive
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Novavax - NVAX - Sell signals

Today I deleted Novavax (NVAX) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

• 32% Barchart technical sell signal
• Trend Spotter hold signal turning bullish
• Lost 7.49% in the last month
• 14.89 off its recent high
• Relative Strength Index 42.51%

3 Great NASDAQ Stcoks

Today I used Barchart to screen the NASDAQ 100 Stock Index to find the 3 with the best Barchart technical indicators and found Virgin Media (VMED), Symantec (SYMC) and Sigma-Aldrich (SIAL)

Virgin Media (VMED)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 9.07% in the last month
• Relative Strength Index 78.43%
• Barchart computes a technical support level at 28.24
• Recently traded at 29.48 with a 50 day moving average of 26.60

Symantec (SYMC)

Barchart technical buy signal

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 3 new highs and up 9.66% in the last month
• Relative Strength Index 78.00%
• Barchart computes a technical support level at 18.67
• Recently traded at 18.96 with a 50 day moving average of 16.12

Sigma-Aldrich (SIAL)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 5 new highs and up 2.36% in the last month
• Relative strength Index 64.32%
• Barchart computes a technical support level at 71.04
• Recently traded at 73.75 with a 50 day moving average of 71.25

Barchart Morning Call 9/10

Barchart Morning Call

BC - Mon Sep 10, 7:00AM CDT

Overnight Developments

• Sep E-mini S&Ps this morning are trading slightly lower by -0.19% on some concern about the Eurozone debt crisis with this week's busy news schedule and with some weaker-than-expected economic data out of China. Commodity prices are slightly higher by +0.08% on average with Oct crude oil down -0.05%, Dec gold down -0.33%, Dec copper up +1.36%, grain prices up 0.36% on average, and softs prices trading mostly lower. European stocks are down -0.31% this morning. Asian stocks today closed mixed with Japan -0.03%, Hong Kong +0.13%, and China +0.41%. Chinese stocks continued to receive a boost from last week's news of new infrastructure projects even though there was some concern about today's 2.6% drop in Chinese imports, which indicated weak domestic demand. The dollar index is slightly higher by +0.08% and EUR/USD is down -0.27%. USD/JPY is up +0.08%. Dec 10-year T-note prices are down 3 ticks.
• Italy's 10-year bond yield rose 8 bp to 5.14% this morning as concern about Greece is rising. Greek Prime Minister Samaras meets with troika officials today even though he has failed as yet to secure agreement from his coalition partners on the additional 11.5 billion euro austerity package that Eurozone officials are requiring for the next tranche of bailout aid. Greek coalition leaders agreed to meet again on the austerity package on September 12, which is just before Eurozone finance ministers plan to meet in Cyprus for a briefing on Greece. The German Federal Constitutional Court on Wednesday is expected to issue a favorable ruling to allow Germany's participation in the permanent ESM bailout facility to proceed, but there is the outside possibility that the Court could rule against the ESM, which would cause a sharp drop in the euro and European stocks.
• China's Aug CPI was reported on Saturday at +2.0% y/y, up from +1.8% in July and in line with the market consensus. Meanwhile, China's Aug PPI fell to -3.5% y/y from -2.9% y/y in July and was weaker than market expectations of -3.2%. The favorable Chinese inflation picture continues to leave room for the government to ease monetary policy and implement fiscal stimulus measures to provide support from China's slowing economy.
• China's Aug industrial production was reported on Sunday at +10.1% y/y, down slightly from July's +10.3% y/y and slightly below market expectations of +10.2% y/y. The +10.1% y/y growth rate in industrial production was the weakest since 2009. China's Aug retail sales report of +13.2% y/y was slightly above July's +13.1% y/y and was in line with market expectations. China's Aug fixed asset investment excluding rural rose +20.2% year-to-date, which was slightly below July's +20.4% and expectations of +20.4%.
• China's Aug trade surplus was reported on Sunday night at $26.66 billion, which was wider than market expectations of $19.5 billion and up from $25.15 billion in July. Aug exports rose +2.7% y/y, which was slightly weaker than market expectations of +2.9% but better than July's +1.0% y/y. The improvement in Aug exports from July at least provided some confidence that Chinese exports are not completely falling apart. However, Aug imports fell by -2.6% y/y, which was far weaker than market expectations of +3.5% y/y and July's +4.7% y/y and was an indicator of weak domestic demand.
• Japan's final Q2 GDP report of +0.2% q/q and +0.7% q/q annualized was revised lower from +0.3% q/q and +1.4% q/q annualized, which showed that the Japanese economy put in another weak quarter in Q2. On the more positive side, Japan's Aug consumer confidence index rose to 40.5 from 39.7 in July and was stronger than market expectations of 39.4.
• U.S. secretary of State Hillary Clinton said today that the U.S. is "not setting deadlines" for Iran and still considers negotiations as "by far the best approach" to prevent Iran from developing nuclear weapons. The U.S. this coming Sunday (Sep 16) will begin 11 days of military exercises in the Persian Gulf. Ms. Clinton's statement provides the petroleum markets with some confidence that a military strike on Iran is not imminent and is not likely through year-end.
• Saudi Arabian Oil Minister Ali al-Naimi said today that the current supply and demand situation do not justify crude oil's high price at present. He said, "The market is well balanced, forward cover remains within an acceptable range and inventories are more than adequate."
  Market Comments
  • Sep E-mini S&Ps this morning are mildly lower by -2.75 points (-0.19%) on the -0.31% sell-off in the Euro Stoxx 50 index this morning and some concern about China's economic data where imports fell 2.6% y/y. The S&P 500 index on Friday posted a new 4-year high and closed mildly higher: S&P 500 +0.40%, Dow Jones +0.11%, Nasdaq 100 -0.16%. Friday's Aug unemployment report was disappointing but that boosted the chances for a QE3 decision from the Fed at the Sep 12-13 FOMC meeting, thus supporting stocks. Friday's Aug payroll report of +96,000 was weaker than market expectations of +125,000 and there were downward revisions for July (to +141,000 from +163,000) and June (to +45,000 from +64,000 ). The U.S. Aug unemployment rate fell by 0.2 points to 8.1% from 8.3% in July, which was better than market expectations for a report of unchanged. The U.S. stock market on Friday also continued to receive support from the ECB's decision last Thursday to adopt its bond-buying bailout mechanism that can be utilized by Spain and Italy.
  • Dec 10-year T-notes this morning are down 3 ticks on reduced safe-haven demand as global markets are generally stable this morning. Dec T-note prices on Friday closed moderately higher: TYZ2 +9, FVZ2 +6.25. T-note prices were boosted by the weaker-than-expected U.S. payroll report, which not only indicated a weak U.S. economy but also boosted the chances for QE3. A QE3 program will likely involve the purchases of both mortgage-backed securities and longer-term Treasury securities.
  • The dollar index this morning is up +0.06 points (+0.08%) on a little short-covering after last Friday's sharp sell-off on increased QE3 expectations for this Thursday. EUR/USD is down -0.0034 (-0.27%) due to this week's meetings on Greece and nervousness ahead of the ruling on Wednesday by the German Federal Constitutional Court on the permanent ESM bailout facility. The dollar index on Friday fell sharply to post a new 3-1/2 month low: Dollar index -0.79 (-0.97%), EUR/USD +0.0185 (+1.46%), USD/JPY -0.62 (-0.79%). The dollar index fell sharply on the weak U.S. payroll report and the increased chances for a dollar-bearish QE3 program that would involve printing new dollars. Meanwhile, EUR/USD continued to see support from the ECB's decision last Thursday to adopt its bond-buying program to provide a financial backstop for Spain and Italy.
  • Oct WTI crude oil prices this morning are slightly lower by -0.05 (-0.05%) although Oct gasoline is up +0.0128 (+0.42%). Crude oil prices were undercut this morning by Saudi Oil Minister Ali al-Naimi's attempt to jawbone oil prices lower but gasoline continues to see support from tight refinery conditions. Oct crude oil and gasoline prices on Friday closed sharply higher: CLV2 +0.89 (+0.93%), RBV2 +0.0286 (+0.96%). Crude oil and gasoline prices on Friday were lifted by the general rally in commodity prices on the sharp sell-off in the dollar index and the increased prospects for QE3. Oil and gasoline prices were also supported by continued disruptions from Hurricane Isaac, which made landfall on Aug 29. As of midday Friday, Sep 7, the U.S. BSEE reported that 36% of Gulf oil production and 19% of natural gas production was still shut down.
  • For the complete subscription version of this daily report (plus a 13-page big-picture weekly report), along with the earliest possible delivery in the morning, please visit http://www.barchart.com/register/crbfms_usmc.php
    Today's U.S. Earnings Reports Earnings reports (ranked by market cap): PANW-Palo Alto Network (Consensus $0.0), JW/A-John Wiley (0.73), CASY-Casey's General (0.95), TOO-Teekay Offshore (0.26), FIVE-Five Below (0.03).
    Global Financial Calendar
    

    Monday 9/10/12
    United States
    1100 ET	USDA weekly grain export inspections.
    1130 ET	Weekly 3-mo and 6-mo T-bill auctions.
    1500 ET	July consumer credit expected +$8.8 bln, Jun +$6.459 bln.
    1600 ET	USDA Crop Progress.
    Japan
    0030 ET	Japan Aug bankruptcies, July -5.1% y/y.
    0100 ET	Japan Aug consumer confidence expected 39.4, July 39.7.
    0200 ET	Japan Aug eco watchers current index expected 43.4, July 44.2. Aug eco watchers outlook index expected 44.4, July 44.9.
    1950 ET	Japan Q3 BSI large all-industry index, Q2 -3.1. Q3 BSI large-manufacturing, Q2 -5.7.
    1950 ET	Japan Aug M2 money stock expected +2.3% y/y, July +2.2% y/y. Aug M3 expected +1.9% y/y, July +1.9% y/y.
    Euro-Zone
    0430 ET	Eurozone Sep Sentix investor confidence expected -30.5, Aug -30.3.
    United Kingdom
    1901 ET	UK Aug RICS house price balance expected -23%, July -24%.
    CHI
    2010 ET	China Q4 Manpower survey.

    Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.

Illinois Tool Works - ITW

Barchart.coms Chart of the Day - Illinois Tool Works (ITW)

Barchart Research Team - BC - Fri Sep 07, 10:17PM CDT

The "Chart of the Day" is Illinois Tool Works (ITW), which showed up on Friday's Barchart "All-Time High" list. ITW on Friday posted a new all-time high of $61.10 and closed +1.49%. TrendSpotter has been long since Aug 3 at $55.62. In recent news on the stock, ISI Group upgraded ITW to Buy from Hold. BMO Capital on July 26 initiated coverage on ITW with an Outperform and a target of $62. Illinois Tool Works, with a market cap of $27 billion, sells fasteners and components, equipment and consumable systems, and a variety of specialty products and equipment.


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

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Barchart links for further information:

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Quote
Detailed Quote
Chart

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Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
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Chart of the Day Archive
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