Barchart.coms Chart of the Day - Chevron (CVX)
The "Chart of the Day" is Chevron (CVX), which showed up on Friday's Barchart "All-Time High" list. Chevron posted an all-time high Friday of $113.64 and closed up +0.82%. TrendSpotter has been long Chevron since July 2 at $105.86. In recent news on the stock, Barron's on Aug 5 said that with low valuations and rising dividends, Chevron is one energy stock that is particularly attractive, while last Monday, Oppenheimer raised its price target on Chevron to $130 from $120. Rising crude prices may also boost Chevron's bottom line after the U.S. Energy Information Administration on Tuesday raised its Brent crude oil spot price average to about $103 per barrel during the second half of 2012, about $3.50 per barrel higher than in last month's outlook. Chevron, with a market cap of $221.2 billion, is the fifth-largest integrated energy company in the world. It conducts business in approximately 180 countries and is engaged in every aspect of the oil and natural gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.
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.
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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