The “Chart of the Day” is Fairchild Semiconductor (FCS), which showed up on Thursday’s list of stocks that had a new Buy signal from Barchart’s Trendspotter(tm) daily trading system. FCS on Thursday rallied sharply by 4.59% to post a new 2-1/2 month high. The stock has rallied sharply this month and volume has been heavy, suggesting strong buying interest. FCS on Thursday reported Q2 adjusted EPS of 40 cents, which was well above the consensus of 31 cents. The company provided Q3 revenue guidance of $415-425 million, which was above the consensus of $411 million. Fairchild Semiconductor, with a market cap of $1.1 billion, manufactures a variety of semiconductor-based products involving logic, analog, mixed signal, non-volatile memory and discrete power and signal technologies.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “Signals Guide” 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 mixed 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 Barchart.com web site when you read this report.
- Trendspotter: Buy
- Short-Term Indicators: 60% Buy
- Medium-Term Indicators: 50% Buy
- Long-Term Indicators: 0% Hold
- Overall Average 48% Buy
