The “Chart of the Day” is Pacific Gas & Electric (PCG), which showed up on Monday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. PG&E on Monday rallied by +0.67%. On Monday’s high of $48.63, PG&E matched the record high originally posted about 6 weeks ago on Nov 4. In recent news on the stock, FBR Capital noted that PG&E was one of its Outperform picks in the Energy sector. PG&E, with a market cap of $18.7 billion, is an energy-based holiday company and its primary subsidiary is an operating public utility engaged principally in the business of providing electricity and natural gas distribution and transmission services throughout most of Northern and Central California.
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: 60% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 88% Buy
Chart of the Day provided by www.Barchart.com.
