The “Chart of the Day” is Costco Wholesale Corp (COST), which showed up on Wednesday’s Barchart “Today’s Opinion 100% Buy” list. Costco on Wednesday rallied by 1.95% to post a new 2-year high. TrendSpotter has been long Costco since Nov 4 at $65.48. In recent news on the stock, Mosaic Research said on Tuesday that its channel checks indicate that Costco is off to a strong start in November with strong traffic. Costco, with a market cap of $28 billion, operates membership-based low-price warehouse retail stores.
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 “Today’s Opinion 100% Buy” list to obtain a list of all the stocks that have a 100% Buy from Barchart’s Opinion trading systems. Further information is available at Barchart Signals Guide 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.
