Barchart.coms Chart of the Day - Starbucks (SBUX)
The "Chart of the Day" is Starbucks (SBUX), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Starbucks on Thursday rallied by 1.21% and posted a new 3-1/2 month high of $37.74. A rally above the 4-1/2 year high of $38.07 posted on March 10 would be a particularly bullish technical signal. In recent news on the stock, UBS on June 22 recommended buying SBUX ahead of its Q3 earnings report and reiterated its Buy rating with a target of $41. Piper Jaffray on June 20 reiterated its Overweight rating and raised its target to $50 from $48. Starbucks, with a market cap of $27 billion, sells coffee and Italian-style espresso beverages, a variety of pastries and confections, and coffee-related equipments primarily through its company-operated retail stores. 
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
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