The “Chart of the Day” is Lennar Corp (LEN.B), which showed up on Tuesday’s list of stocks that had a new Buy signal from the Barchart “TrendSpotter” trading system. Lennar on Tuesday rallied by 9.72% and posted a new 3-week high of $13.10. A rally above the 5-month high of $13.18 (Oct 14) would be a particularly bullish upside-breakout signal. Tuesday’s rally was based on renewed takeover speculation. Lennar, with a market cap of $373 million, is one the largest U.S. homebuilders.
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.
