The “Chart of the Day” is Brush Engineered Materials (BW), which showed up on last Friday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. Brush last Friday closed up 1.28% and extended the previous session’s upside breakout to post a new 3-year high. Brush last Thursday reported Q4 EPS of 61 cents versus the consensus of 46 cents. The company also said it would change its name effective March 8 to Materion Corp. Brush Engineered Materials, with a market cap of $800 million, sells high-end engineered materials for use by manufacturers and others who incorporate those materials into capital, aerospace/defense or consumer products.
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: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
