The "Chart of the Day" is Buffalo Wild Wings (BWLD), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. BWLD on Friday rallied by 2.40% and posted a new all-time high for the stock that has history back to 2004. In recent news on the stock, Lazard capital on June 7 initiated coverage on BWLD with a Neutral rating. Cramer on May 17 named BWLD as his second choice among restaurant picks behind BJ's Restaurants (NASDAQ:BJRI). Buffalo Wild Wings, with a market cap of $1.1 billion, an owner, operator and franchisor of restaurants featuring a variety of made-to-order menu items including Buffalo New York-style chicken wings.
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:
Quotes and Charts
Trader's Cheat Sheet™
Chart of the Day Archive
View Past Chart of the Day Reports