Chart of the Day - SAP AG (SAP)

The "Chart of the Day" is SAP AG (SAP), which showed up on Friday's Barchart "52-Week High" list. SAP on Friday posted a new 12-year high and closed +1.88%. TrendSpotter has been long since Oct 16 at $72.41. SAP was last featured by "Chart of the Day" as of the close on July 26, 2012, at $63.60. In recent news on the stock, Janney Capital on Dec 14 initiated coverage on SAP with a Buy and a target of $90. William Blair on Nov 19 upgraded SAP to Outperform from Market Perform based on its belief that SAP is benefiting from acquisitions and new innovations and continues to see strong interest in its memory database technology. SAP, with a market cap of $94 billion, is the world's largest business software company and the world's third-largest independent software provider overall.