Chart of the Day - Charles Schwab Corp (NYSE:SCHW)
The "Chart of the Day" is Charles Schwab Corp (SCHW), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Schwab on Tuesday rallied by 2.64% and posted a new 9-month high. Prior to Tuesday's Buy signal and the neutral status seen in the previous 7 sessions, TrendSpotter was long from Oct 15 ($14.45) until Jan 28 ($17.79) and took a 23% profit on that position. In recent news on the stock, Schwab on Jan 31 announced a financial services guidance services program for AARP members. Schwab on Jan 18 reported Q4 EPS of 10 cents that was in line with the market consensus. Macquarie on Jan 10 upgraded Schwab to Outperform from Neutral on higher earnings expectations driven by the U.S. economic recovery. Charles Schwab, with a market cap of $21 billion, is a leading investment brokerage firm.
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
View Past Chart of the Day Reports