The “Chart of the Day” is Northern Trust Corp (NTRS), which showed up on Tuesday’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. Northern Trust on Tuesday rallied sharply by 5.31% to post a new 4-month high on heavy volume. Tuesday’s rally was sparked by a report by the Daily Mail that HSBC is considering a $65 per share bid for Northern Trust after pulling out of a bid to acquire a majority share in Nedbank. Northern Trust, with a market cap of $11.6 billion, is a multi-bank holding company with worldwide locations and is a provider of treasury management, master trust, custody, retirement, risk and performance, international and investment management services.
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: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 33% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
