Morningstar - Chart Of The Day For June 10, 2018

Summary

100% technical buy signals.

18 new highs and up 16.76% in the last month.

75.92% gain in the last year.

The Barchart Chart of the Day is Morningstar (MORN).I found the investment research stock by using Barchart to sort today's Top Stocks to Own list first by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 4/12 the stock gained 30.22%.

Morningstar, Inc. is a leading provider of investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutional clients.

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 theBarchart.comwebsite when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 82.50+ Weighted Alpha
  • 75.92% gain in he last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 16.76% in the last month
  • Relative Strength Index 72.73%
  • Technical support level at 126.10
  • Recently traded at 127.75 with a 50 day moving average of 109.02

Fundamental factors:

  • Market Cap $5.43 billion
  • P/E 41.44
  • Dividend yield .79%
  • Wall Street analysts tend not to make projections on each other's firms so I do not have a consensus on Revenue and earnings
  • The individual investors following the stock on Motley Fool voted 834 to 32 that the stock will eat the market
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