Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: Equifax - EFX

Friday, January 18, 2013

Equifax - EFX - Barchart Chart of the Day

Barchart.com's Chart of the Day - Equifax (EFX)

Barchart Research Team - BC - Thu Jan 17, 6:08PM CST

The "Chart of the Day" is Equifax (EFX), which showed up on Thursday's Barchart "All-Time High" list. Equifax posted an all-time Thursday at $57.24 and closed up +0.53%. TrendSpotter has been long since Jan 2 at $54.74. In recent news on the stock, Equifax's latest National Consumer Credit Trends Report released on Thursday, showed the amount of new credit card limits opened in the first three quarters of 2012 hit $675 billion, up from just $523 billion during the same period in 2010 as consumer credit cards continue their recovery with new credit originations returning to levels last seen three years ago. Equifax officials also noted that new auto loans hit a five-year high in September, mirroring the improvement economists have seen in unsecured borrowing. Equifax, with a market cap of $6.824 billion, is one of the leaders in facilitating and securing commerce by bringing buyers and sellers together world-wide through information, transaction processing and Internet businesses. Global operations include consumer and commercial credit information services, credit card marketing and processing services, check guarantee and authorization, software, modeling, database management, marketing solutions, analytics, direct to consumer services, and Internet identity verification and digital certificate services.

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