The Chart of the Day is Axis Capital (NYSE:AXS). I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/6 the stock gained 3.90%.
AXIS Capital Holdings Limited is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance.
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:
I’m not sure how much further upside this stock has so I’d keep a moving stop loss in place 10% below its recent high.
