Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: AmerisourceBergen - ABC

Tuesday, January 15, 2013

AmerisourceBergen - ABC - Barchart Chart of the Day

Barchart.com's Chart of the Day - AmerisourceBergen (ABC)

Barchart Research Team - BC - Mon Jan 14, 6:24PM CST

The "Chart of the Day" is AmerisourceBergen (ABC), which showed up on Monday's Barchart "All-Time High" list. AmerisourceBergen on Monday posted a new all-time high of $44.37 and closed up +1.03%. TrendSpotter has been long since on Jan 4 at $43.69. In recent news on the stock, the company on Dec 12 reaffirmed FY2013 guidance of $3.06-3.16 (versus the consensus of $3.13) with revenue growth of 6-9%. The company also said it expects to spend at least $200 million to repurchase shares in FY2013. AmerisourceBergen, with a market cap of $10 billion, is one of the world's largest pharmaceutical services companies serving the United States, Canada and selected global markets.

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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