“Chart of the Day”

The “Chart of the Day” is Canadian National Railway Company (CNI), which showed up on Thursday’s Barchart “All-Time High” list. CNI on Thursday posted a new all-time high of $88.57 and closed up +1.32%. TrendSpotter has been long CNI since June 20 at $85.24. In recent news, JPMorgan Chase on July 2 said it expects the major U.S. railroad companies to report higher than expected Q2 EPS as their volume numbers remain steady while they are expected to benefit significantly from lower fuel prices. Canadian National Railway Company, with a market cap of $37.2 billion, operates the larger of Canada’s two principal railroads and the only coast-to-coast railroad network in North America. The company’s rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway, Detroit and other major cities.

cni_700

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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