Barchart Stock Chart of the Day – December 4, 2008
Thursday, December 04, 2008
by Barchart Analyst of Barchart.com
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Barchart Stock Chart of the Day – December 4, 2008
We’re staying with the Barchart Signals page again today looking for stocks with consistently improving technical signals.
Today’s Chart of the Day, Catapult Communications (CATT), which makes digital communications test systems for the telecommunications industry. Last month Catapult Communications had a composite signal score of 16% Sell. Last week that score improved to 8% Sell. Yesterday the composite signal score was 64% Buy and today it improved to 72% Buy.
As these technical scores have improved, Catapult has been on the move, gaining 119% just since October 24th.
 Barchart Opinions for CATT are:
Short Term Indicators Average: 100% Buy
Medium Term Indicators Average: 50% Buy
Long Term Indicators Average: 33% Buy
Overall Average: 72% Buy
Barchart Trend Spotter Signal : Buy since November 26, 2008.
Sector Performance: CATT is a member of the Telecomm Equipment sector, where it is the 7th best performing stock out of 71 in the sector. While the sector as a whole has a weighted Alpha of -51.57%, CATT itself has a weighted Alpha of -15.7% indicating that it is significantly stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center .
How we spotted this chart: CATT appeared on the Barchart Signals page where we displayed the full list and sorted by last month’s return. We then looked for stocks which had improved during every period.
Recent Developments:
There have been no significant news items in the last seven days.
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About the author
The Barchart Analyst has over 35-years experience in the futures and stock markets, and is a former member of the Chicago Board of Trade. He has participated in an advisory role for many large corporations and has spent 19 years developing and back testing sophisticated trading systems for top Wall Street brokers and commodity trading firms. The Barchart Analyst uses many of Barchart.com's free tools, such as Signals, Top Stocks by Sector, and Opinions, to scour the market for stocks on the verge of a major move. His commentary alerts readers to major market trends and provides promising trading ideas. Comments may be forwarded to The Barchart Analyst via editor@insidefutures.com. With a heritage dating back to 1934, Barchart.com, Inc. has substantial experience in meeting the informational needs of the financial industry. A full-service provider of futures and equities financial market data from all major exchanges, Barchart also provides comprehensive historical market data and research, custom web content, complex real-time charting applications, an extensive array of market tools and analytics, retail, and educational products.
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