The “Chart of the Day” is Herman Miller (MLHR), which showed up on Thursday’s list of stocks that had a new Buy signal from the Barchart “TrendSpotter” trading system and also showed up on Barchart’s “Gap Up” list. As a side note, Thursday’s broad stock market rally produced an unusually large number of 234 new TrendSpotter Buy signals on a wide range of stocks. Herman Miller on Thursday rallied by 5.36% to post a new 5-1/2 month high. Herman Miller, with a market cap of $1.1 billion, is the manufacturer of high-end office furniture and systems.


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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.