Barchart.com's Chart of the Day - Under Armour (UA) for Apr 23, 2012
The "Chart of the Day" is Under Armour (UA), which showed up on Friday's Barchart "All-Time High" list. Under Armour on Friday posted an outside day up and closed up 5.21% after posting a new all-time high of 102.86. TrendSpotter just turned Long again on Friday's close of $101.53 after being in neutral mode for about two weeks after taking a profit on a long trade held during February and March. Under Armour was last featured by "Chart of the Day" as of the close on October 24, 2011 when the stock closed at $76.33. Under Armour on Friday reported Q1 EPS of 28 cents, higher than the consensus of 25 cents. Canaccord on April 16, ahead of the April 20 earnings report, reiterated its Buy rating on Under Armour and raised its target to $106 from $102. Under Armour, with a market cap of $5 billion, sells branded performance products for men, women and youth.
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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: 67% Buy
Overall Average 96% Buy
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http://www.barchart.com/headlines/se...=BC&series=COD
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