Chart of the Day - Phillips 66 (PSX)

The "Chart of the Day" is Phillips 66 (PSX), which showed up on Wednesday's Barchart "All-Time High" list. Phillips 66 on Wednesday posted a new all-time high of $51.27 and closed +1.88%. TrendSpotter has been long since Nov 29 at $49.06. In recent news on the stock, Phillips 66 on Oct 31 reported Q3 adjusted EPS of $2.97, far above the consensus of $2.35. Deutsche Bank on Nov 9 downgraded Phillips 66 to Hold from Buy with a $50 target due to valuation and concerns about weather. Phillips 66, with a market cap of $31 billion, is a downstream energy company.