The “Chart of the Day” is Energizer Holdings (ENR), which showed up on Thursday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. Energizer on Wednesday rallied sharply by 6.38% to post a new 1-1/2 month high. A rally above the 2-year high of 77.09 posted in late October would be a particularly bullish development. Wednesday’s rally was sparked by reports that Duracell (a unit of Proctor & Gamble) will match Energizer’s planned Q1 battery price increase, meaning that Energizer is unlikely to lose market share due to the price hike. An analyst at Bank of America therefore raised his earnings estimates for Energizer for 2011 and 2012. Energizer, with a market cap of $5 billion, is the world’s largest manufacturer of primary batteries and flashlights and a global leader in the business of providing portable power.
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: 60% Buy
- Medium-Term Indicators: 75% Buy
- Long-Term Indicators: 67% Buy
- Overall Average 72% Buy
Chart of the Day provided by www.Barchart.com.
