Chart of the Day - Perrigo Company (PRGO)

The "Chart of the Day" is Perrigo Company (PRGO), which showed up on Wednesday's Barchart "All Time High" list. Perrigo on Wednesday posted a new all-time high of $101.64 and closed up 1.66%. TrendSpotter has been Long since Nov 29 at $97.74. In recent news on the stock, Perrigo on Dec 8 rallied on news that it would be switched from the S&P Midcap 400 to the S&P 500 index. Caris on Oct 28 upgraded Perrigo to a Buy from Above Average and raised its target to $125 from $120. Collins Stewart on Oct 28 said that Perrigo's weakness at the time was a buying opportunity and that investors were overlooking the company's margin expansion. Perrigo Company, with a market cap of $9 billion, is the nation's largest manufacturer of store brand over-the-counter (non-prescription) pharmaceutical products and also manufactures store brand nutritional products.