The “Chart of the Day” is GT Solar International (SOLR), which showed up on Thursday’s Barchart “Percent Advances” list. GT Solar gapped higher on Thursday on heavy volume to close up 13%. Barchart’s Trendspotter(tm) has been long SOLR for the past 1-1/2 months. GT Solar rallied sharply after the company late Wednesday reported favorable Q1 earnings and raised its guidance for fiscal 2011. GT Solar with a market cap of $960 million, is a leading global provider of specialized manufacturing equipment and services essential for the production of photovoltaic wafers, cells and modules and polysilicon. The company’s principal products are directional solidification systems and chemical vapor deposition reactors and related equipment.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “Percent Advances” list. The Percent Advances list highlights stocks with largest price movements in percentage terms, allowing traders to quickly spot the big movers for the day. Then we used the filter pull-down to trim the list to just Nasdaq stocks.
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 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
Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives
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