The “Chart of the Day” is Generac Holdings (GNRC), which showed up on Tuesday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system and also showed up on Barchart’s list of stocks with a new record high. Generac on Tuesday closed up 3.27% and extended last Friday’s upside breakout. Generac last Friday reported Q4 adjusted EPS of 49 cents versus the consensus of 45 cents and said “we remain optimistic that we can deliver moderate sales growth overall in 2011 while maintaining attractive gross margins and continuing to invest prudently in our operating infrastructure to support our long-term strategic growth plans.” Generac’s stock has only been trading for about a year following its IPO last February. Generac, with a market cap of $1.1 billion, is a manufacturer of backup power generation products serving residential, light commercial and industrial markets.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “Trading Signals” page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter “Buy” category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the “Today’s Opinion” column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily TrendSpotter trading system is a “Buy.” Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
