Jim Van Meerten's  Instablog

The "Chart of the Day" is Genesee & Wyoming (GWR), which showed up on Wednesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. GWR on Wednesday rallied by 1.36% and edged to a new record high for the stock that has history back to 2002. In recent news on the stock, GWR on Feb 8 reported Q4 EPS of 56 cents versus the consensus of 53 cents. GWR on Feb 11 reported that its traffic in Jan 2011 was up 18% y/y. Genesee & Wyoming, with a market cap of $2.2 billion, owns and operates short line and regional freight railroads in the U.S. and Australia, and provides related rail 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