The "Chart of the Day" is MasterCard (MA), which showed up on Thursday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. MasterCard on Thursday rallied by 7.80% and continued to snap-back from Monday's 1-1/2 month low. A rally above last week's record high of $340.42 would be a particularly bullish technical signal. In recent news on the stock, MasterCard on Aug 3 reported Q2 EPS of $4.76, well above the consensus of $4.22, and that caused several Wall Street banks to reiterate their Buy recommendations and raise their price targets. MasterCard, with a market cap of $41 billion, is one of the world's largest credit card and payment processing companies.
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: 80% Buy
- Medium-Term Indicators: 25% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 72% 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