The “Chart of the Day” is Pearson Plc (PSO), which showed up on Friday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system and also on Barchart’s “NYSE 10-year High” list. Pearson last Friday rallied by 2.75% to post a new 10-1/4 year high. In recent news on the stock, Pearson on Feb 1 was upgraded to Hold from Sell by RBS. On Jan 20, Pearson was upgraded to Overweight from Neutral by JP Morgan and to Equal Weight from Underweight by Barclays, but was downgraded to Hold from Buy by Citigroup. Pearson Plc, with a market cap of $14 billion, is a global media conglomerate, with brand names that include the Financial Times, Pitman Publishing, and Churchill Livingstone.
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.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
