The "Chart of the Day" is Tennant Corp (TNC), which showed up on Monday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Tennant on Monday rallied by 4.70% and posted a new 2-1/3 year high. Tennant has rallied on the strength seen in its business in the past nine months and its plans to expand in 2011. The company is gaining market share with its line of low-chemical, less-water line of floor-cleaning equipment. Tennant, with a market cap of $730 million, is a Minneapolis-based company that specializes in the sale of commercial and industrial floor maintenance equipment and related products.
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
Barchart links for further information:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
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