The “Chart of the Day” is Kimberly-Clark Corporation (KMB), which showed up on Tuesday’s list of stocks that had a new “Buy” signal from the Barchart “Trendspotter” trading system. Kimberly-Clark on Tuesday rallied by +0.54% and posted a new 3-week high. A rally above the record high of $67.24 recently posted on Sep 20 would be a particularly bullish technical signal. KMB has rallied despite news on Sep 8 of the company saying that 2010 EPS will likely to be toward the lower end of 2010 guidance of $4.80-5.00 and of a downgrade by Credit Suisse on Sep 24 to Neutral from Outperform due to concerns about valuation and higher pulp costs. Kimberly-Clark, with a market cap of $27 billion, is a major consumer products company with brands in tissue, personal care and health care.
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(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: 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.
