The “Chart of the Day” is OSI Systems (OSIS), which showed up on Thursday’s list of stocks that had a new “Buy” signal from the Barchart “Trendspotter(tm)” trading system. OSI has rallied sharply in the past two sessions to post a new 2-month high. The main bullish factor was the company’s positive earnings report on Wednesday. OSI, with a market cap of about $500 million, produces optical and electromechanical pressure sensor products, which are used in fiber optics and high speed telecommunication networks and in the inspection and medical diagnostics industries.
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 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: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Barchart links for further information:
Quotes and Charts, Technical Analysis, Barchart Opinions, and Chart of the Day Archives
Free membership on http://www.Barchart.com:
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