The “Chart of the Day” is Cosan Ltd (CZZ), which showed up on Wednesday’s list of stocks that had a new “Buy” signal from the Barchart Trendspotter(tm) trading system. Cosan on Wednesday rallied sharply by 4.36% and posted a new 1-month high. A rally above the 2-year high of $11.46 posted a month ago on Aug 2 would be a particularly bullish signal. Cosan on Wednesday rallied due to the 3.75% rally in Oct sugar futures (SBV0). The nearby chart shows an overlay of Cosan and Oct sugar futures prices and illustrates the fairly strong influence that sugar prices have on Cosan’s stock price. Cosan, with a market cap of $1.8 billion, is based in Brazil and is one of the world’s largest producers of sugar and sugar-based ethanol.



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(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 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

Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives

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