The “Chart of the Day” is Siemens AG (SI), which showed up on Friday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. Siemens on Friday rallied by 0.82% to post a 2-3/4 year high. In recent news on the stock, Barron’s on Nov 28 ran a favorable article on Siemens noting its successful 12-year restructuring program and saying that the stock could rise to $140 as the global economy improves. Siemens, with a market cap of $105 billion, is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology.
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.
