The “Chart of the Day” is Salesforce.com (CRM), which showed up on Friday’s list of stocks that had a new “Buy” signal from the Barchart “Trendspotter(tm)” trading system. The stock also showed up on Barchart’s “Gap Up” list. Salesforce.com on Friday rallied sharply by 16.95% and posted a new record high. The stock rallied on news late Thursday of positive earnings and higher earnings guidance, along with heavy technical buying on the upside breakout. Roth Capital last Friday reiterated its Hold rating on the stock but raised the price target to $100 from $75. Salesforce.com, with a market cap of $12.4 billion, provides a web-based suite of customer relationship manager (CRM) applications that allow customers to manage and share all of their sales, support, marketing and partner information on-demand.
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 all 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: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% 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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