The "Chart of the Day" is Torchmark Corp (TMK), which showed up on Friday's Barchart "All-Time High" list. Torchmark on Friday posted a new all-time high of $51.90 and closed up 2.29%. TrendSpotter has been long since June 18 at $49.26. In recent news on the stock, Torchmark on April 24 reported Q1 EPS of $1.37 versus the consensus of $1.28. Sterne Agee on April 26 upgraded Torchmark to Neutral from Underperform on improving fundamentals and valuation and raised its target to $56. Torchmark Corp, with a market cap of $5 billion, is a financial services holding company specializing in life and supplemental health insurance for middle income Americans marketed through multiple distribution channels including direct response, exclusive and independent agencies.
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: 33% Buy
- Overall Average 80% Buy
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