The “Chart of the Day” is Sara Lee (SLE), which showed up on Wednesday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system and also on the Barchart “NYSE Gap Up” list. Sara Lee on Thursday rallied by 1.29% and posted a new 5-1/2 month high. In recent news on the stock, Bloomberg reported on June 27 that Smithfield Foods may try to purchase Sara Lee. JBS SA, the world’s largest beef processor, said on July 7 that it no longer plans to buy Sara Lee assets because they have become too expensive. Sara Lee is in the process of breaking up the company into two $4 billion companies to boost shareholder value. Sara Lee, with a market cap of $11 billion, is a global manufacturer and marketer of high-quality, brand-name products for consumers throughout the world. The company’s mission is to continue to build leadership brands in consumer packaged goods categories, with well-known brands including Sara Lee, Earth Grains, Jimmy Dean, Douwe Egberts, Chock full o’ Nuts, Hanes and Playtex.
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.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
