The “Chart of the Day” is Buffalo Wild Wings (BWLD), which showed up on Thursday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system and also on the Barchart “All Time High” list. BWLD on Thursday rallied by 5.05% and posted a new all-time high of $58.32. In recent news on the stock, on Feb 9 Deutsche Bank reiterated its Buy rating on the stock and raised its target to $55 from $52, RW Baird reiterated on its Outperform rating and raised its target to $64 from $59, Morgan Keegan reiterated its Buy rating and raised its target to $58 from $55, and DA Davidson reiterated its Buy rating and raised its target to $70. Those target hikes followed BWLD’s report the day before on Feb 8 of Q4 EPS of 55 cents versus the consensus of 52 cents. Buffalo Wild Wings, with a market cap of $1 billion, is an owner, operator and franchisor of restaurants featuring a variety of made-to-order menu items including Buffalo New York-style chicken wings spun in one of their signature sauces.
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 all 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: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
