Chart of the Day - Genuine Parts (GPC)

The "Chart of the Day" is Genuine Parts (GPC), which showed up on Friday's Barchart "All Time High" list. Genuine Parts on Friday posted a new all-time high of $61.65 and closed up 1.77%. TrendSpotter has been Long since Dec 2 at $59.52. In recent news on the stock, Genuine Parts on Oct 18 reported Q3 EPS of 97 cents versus the consensus of 94 cents. Management said it sees gradual gross margin improvement in fiscal year 2012. Genuine Parts Company, with a market cap of $9.3 billion, is a distributor of automotive replacement parts in the U.S., Canada and Mexico.