The “Chart of the Day” is Starbucks (SBUX), which showed up on last Friday’s list of stocks that had a new “Buy” signal from the Barchart “TrendSpotter” trading system. Starbucks last Friday rallied by 1.49% and posted a new 4-year high. In recent news on the stock, the debate continues about whether Starbucks is considering buying Green Mountain (GMCR) to get into the single-serve market. Piper Jaffray on Feb 16 reiterated its Overweight rating on SBUX and raised its target to $40 from $36. Starbucks, with a market cap of $24 billion, runs high-end coffee retail stores throughout the world and also sells its brands through supermarkets.
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: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
