The “Chart of the Day” is United Parcel Service (UPS), which showed up on Wednesday’s list of stocks that had a new “Buy” signal from the Barchart TrendSpotter trading system. UPS on Wednesday rallied by 2.11% and posted a new 1-month high of $69.45 that was just below the September 5-1/2 month high of $69.50 and the 3-year high of $69.89 posted in May. It would be a particularly bullish technical signal if UPS can take out those highs. In recent news on the stock, Goldman Sachs on Sep 23 mentioned UPS as its Conviction Buy over its Neutral-rated FedEx. UPS, with a market cap of $67 billion, is the world’s largest express carrier, the world’s largest package delivery company and a leading global provider of specialized transportation and logistics services.
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.
