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JimVanMeerten (56.04)

Commercial Metal- CMC -- Barchart buy signal



February 16, 2011 – Comments (0) | RELATED TICKERS: CMC

Barchart.coms Chart of the Day - Commercial Metals Corp (CMC)Barchart Research Team - - Tue Feb 15, 6:09PM CSTRelated Stocks CMC - Commercial Metals Company

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.

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 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 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
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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.


Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.

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