The Chart of the Day belongs to Pinnacle West Capital (NYSE:PNW). I found the electric utility stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent new highs in the last month, then again by the highest technical buy signals. Next I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 3/8 the stock gained 6.06%.
Pinnacle West Capital is engaged, through its subsidiaries, in the generation, transmission, and distribution of electricity and selling energy, products and services; in real estate development; and in venture capital investment. Its primary subsidiary is Arizona Public Service Company. The company’s other subsidiaries include SunCor, Eldorado, APS Energy Services and Pinnacle West Energy.
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.
Barchart technical indicators:
Fundamental factors:
The 50-100 Day MACD Oscillator has been a reliable technical trading strategy for this stock
