Chart of the Day - Genuine Parts (GPC)

The "Chart of the Day" is Genuine Parts (GPC), which showed up on Thursday's Barchart "All Time High" list. Genuine Parts on Thursday posted a new all-time high of $65.61 and closed up 2.66%. TrendSpotter took a profit on a Long position on Wednesday, but then issued a new Buy signal with Thursday's rally. Genuine Parts was last featured by "Chart of the Day" on Dec 23 when the stock closed at $61.57. In recent news, Bloomberg on Jan 31 reported that the U.S. vehicle age reached an all-time high and that parts spending rose 9%. Genuine Parts, with a market cap of $10 billion, is a distributor of automotive replacement parts in the U.S., Canada and Mexico.