The “Chart of the Day” is Hansen Natural Corp (HANS), which showed up on last Friday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. Hansen last Friday rallied sharply by 5.28% to break out to a new 3-year high. Hansen back on Nov 4 reported Q3 EPS of 72 cents (1 cent above the consensus of 71 cents) and revenue of $381.5 ($20 million above the consensus of $361 million). Since July when the rally in Hansen Natural began, Trendspotter has been long on two separate occasions, making 9.1% on the first trade (from July 7 at $41.69 to Sep 17 at $45.48) and 5.1% on the second trade (from $47.19 on Sep 27 to $49.58 on Nov 10). Hansen Natural, with a market cap of $4.4 billion, sells “alternative“ beverages such as natural sodas, fruit juices, energy drinks, and juice cocktails.
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 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.
