Barchart.com’s Chart of the Day – Canadian National Railway (CNI)

Posted by shbanchang on November 3, 2010

The “Chart of the Day” is Canadian National Railway (CNI), which showed up on Thursday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system and also on Barchart’s “NYSE All Time High” list. CNI on Thursday rallied by 2.25% to post a new all-time high of .09. In recent news on the stock, the Globe and Mail earlier this week reported that Bill Gates owns 10.04% of CNI and is now its largest shareholder. Raymond James on April 20 upgraded CNI to Outperform from Market Perform based on attractive valuation. Canadian National Railway, with a market cap of 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.

How we found the Chart of the Day:

We found the “Chart of the Day” by scanning the Barchart “Trading Signals” page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter “Buy” category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the “Today’s Opinion” column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.

Barchart’s Opinion trading systems are all a Buy and Barchart’s daily TrendSpotter trading system is a “Buy.” 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

To access recent archived Chart of the Day reports, please go to:
http://www.barchart.com/headlines/se…=BC&series=COD

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Tags: Barchart.com’s, Canadian, Chart, National, Railway

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