The "Chart of the Day" is Equity Residential (EQR), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also on the Barchart "All Time High" list. Equity Residential on Thursday rallied by 1.31% and posted a new all-time high of $60.58. In recent news on the stock, EQR on April 27 reported Q1 funds from operations of 56 cents, in line with the analyst consensus. EQR on May 3 announced an agreement with Zipcar (ZIP) to place Zipcar's car sharing services at EQR apartment properties. Equity Residential, with a market cap of $17 billion, is an equity real estate investment trust.
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: 100% Buy
- Medium-Term Indicators: 75% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% 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