The "Chart of the Day" is Apple (AAPL), which showed up on Friday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system and also showed up on the Barchart "Gap Up" list. Apple on Friday posted a new 1-1/2 month high and closed 1.92% higher, breaking out on the upside from its month-long consolidation range. A rally above the all-time high of $405.50 posted in late July would be a particularly bullish technical signal. In recent news on the stock, New York Times on Sep 16 reported that Apple's official announcement of the iPhone 5 may come within the next few weeks. Apple, with a market cap of $364 billion, designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers.
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.
The status of Barchart's Opinion trading systems are listed below. 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