The “Chart of the Day” is JA Solar (JASO), which showed up on Wednesday’s list of stocks that had a new “Buy” signal from the Barchart “Trendspotter(tm)” trading system. JASO on Wednesday rallied sharply by 11.73% and gapped up to a new 2-year high. JASO management provided positive comments at an analyst day on Tuesday in Valencia, Spain at the site of the European PVSEC Expo. JASO on Wednesday then announced agreements for the sale of 500 MW of solar cells for 2011 delivery, thus filling up its pipeline for 2011. JA Solar, with a market cap of $1.0 billion, is a major China-based solar cell manufacturer.
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(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 all 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
Chart of the Day provided by www.Barchart.com.
