The “Chart of the Day” is Dresser-Rand (DRC), which showed up on Wednesday’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. Dresser-Rand on Wednesday rallied by 2.73% and posted a new all-time high. In recent news on the stock, Citigroup on April 18 included Dresser-Rand on its list of “compelling acquisition candidates” in the oil services sector. Other names on that list included FMC Technologies (FMC), Superior Energy Services (SPN), Heimerich & Payne (HP), and Rowan Companies (RDC). Dresser-Rand, with a market cap of $4.3 billion, is among the largest global suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical and process industries.
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: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
