Barchart Stock Chart of the Day – November 18, 2008
Tuesday, November 18, 2008
by Barchart Analyst of Barchart.com
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Barchart Stock Chart of the Day – November 18, 2008With the markets so weak in recent weeks, it’s a rare stock that can buck the trend at set new highs. We found today’s Chart of the Day selection, Emergency Medical Services Corp. (EMS), which provides emergency medical services, by viewing the listing of New 52-week highs on the Barchart.com website. At noontime, Emergency Medical Services was trading about 4.2% higher on the day and had set a new 52-week high at $38.63.  Barchart Opinions for EMS are: Short Term Indicators Average: 80% Buy Medium Term Indicators Average: 100% Buy Long Term Indicators Average: 100% Buy Overall Average: 96% Buy Barchart Trend Spotter Signal: Buy since November 3, 2008 Sector Performance: EMS is a member of the Medical - Outpatient & Home Care sector, where it is the 2nd best performing stock out of 35 stocks in the sector. While the sector as a whole has a weighted Alpha of -24.09%, EMS itself has a weighted Alpha of +44.40% indicating that it is significantly stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center. How we spotted this chart: EMS was one of only seven stocks that appear on today’s new 52-week high list. Recent Developments: Emergency Medical Services Corp. (EMS) last reported earnings on October 31st. EMS reported EPS at 66 cents, up from 34 cents last year and above analysts’ expectations of 45 cents. Company management noted that 2008 revenue was boosted by its contract with FEMA to provide services in the wake of hurricanes Gustav and Ike.
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About the author
The Barchart Analyst has over 35-years experience in the futures and stock markets, and is a former member of the Chicago Board of Trade. He has participated in an advisory role for many large corporations and has spent 19 years developing and back testing sophisticated trading systems for top Wall Street brokers and commodity trading firms. The Barchart Analyst uses many of Barchart.com's free tools, such as Signals, Top Stocks by Sector, and Opinions, to scour the market for stocks on the verge of a major move. His commentary alerts readers to major market trends and provides promising trading ideas. Comments may be forwarded to The Barchart Analyst via editor@insidefutures.com. With a heritage dating back to 1934, Barchart.com, Inc. has substantial experience in meeting the informational needs of the financial industry. A full-service provider of futures and equities financial market data from all major exchanges, Barchart also provides comprehensive historical market data and research, custom web content, complex real-time charting applications, an extensive array of market tools and analytics, retail, and educational products.
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