The “Chart of the Day” is Joseph A Bank Clothiers (JOSB), which showed up on Monday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. JOSB on Monday rallied by 1.56%. Monday’s daily high of $53.35 was just 4 cents below last Thursday’s all-time high of $53.39. A decisive rally above last Thursday’s all-time high of $53.39 would be a particularly bullish technical development. In recent news on the stock, JOSB on March 30 report FY2011 EPS of $3.08 versus the consensus of $3.04. Joseph A Bank, with a market cap of $1.4 billion, is a retailer and cataloger of men’s tailored and casual clothing and accessories.
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 mostly 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: 80% Buy
- Medium-Term Indicators: 75% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
