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Commercial Metals - CMC Chart of the Day

|Includes: Commercial Metals Company (CMC)
 Barchart.coms

Chart of the Day - Commercial Metals Corp (NYSE:CMC)
Barchart Research Team - Barchart.com - Tue Feb 15, 6:09PM CST
Related Stocks
 CMC - Commercial Metals Company
Sym Last Chg Pct
CMC 17.80 +0.31 +1.77%

The "Chart of the Day" is Commercial Metals Corp (CMC), which showed up on Tuesday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. CMC on Tuesday rallied by 2.16% and edged to a new 1-1/3 year high of $17.62. Commercial Metals Corp, with a market cap of $2 billion, is a steel company with three segments including manufacturing, recycling, and marketing/trading.

cmc_700

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


Barchart links for further information:

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Company Info
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Income Statement-Quarterly
Income Statement-Annual
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Balance Sheet-Annual


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Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.