The “Chart of the Day” is Alumina Ltd (AWC), which showed up on Monday’s list of stocks that had a new “Buy” signal from the Barchart daily “Trendspotter(tm)” trading system. Alumina on Monday also showed up on Barchart “Gap Up” list. Alumina rallied sharply by 4.80% on Monday and posted a new 2-1/2 month high, possibly breaking out of a 2-month long basing pattern. With a market cap of $3.5 billion, Alumina’s principal activities are exploration, mining, processing and marketing of minerals, metals, fertilizers.
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 trading signals. We then clicked on the TrendSpotter(tm) “Buy” category to obtain a list of all the stocks for which the Barchart Trendspotter(tm) 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(tm) help page.
Barchart’s Opinion trading systems are mostly a Buy and Barchart’s daily Trendspotter(tm) 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: 100% Buy
- Medium-Term Indicators: 50% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 72% Buy
Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives
Free membership on http://www.Barchart.com:
Get Portfolio Builder, Advanced Screeners for Stocks, ETFs, Futures, Forex, Historical Data Download, Chart Builder, and more.
