Barchart Stock Chart of the Day – January 6, 2009 Tuesday, January 06, 2009 by Barchart Analyst of Barchart.com

Barchart Stock Chart of the Day – January 6, 2009

Another way to find great stock opportunities is to look for stocks on the move in hot sectors. When the entire sector is performing well, and you find a stock within the sector performing well, the odds are stacked in your favor.

Today’s Chart of the Day, Allion Healthcare (ALLI), a specialty pharmacy and disease management services, is a member of the Medicine - Wholesale Drugs sector , which has been the best performing sector over the last 30 days. And ALLI has been outperforming the sector, having risen 70% since making a low on November 21st.



Barchart Opinions for ALLI are:

    Short Term Indicators Average: 80% Buy
    Medium Term Indicators Average: 25% Sell
    Long Term Indicators Average: 67% Sell
    Overall Average: 16% Buy

Barchart Trend Spotter Signal: Long since December 15, 2008

Sector Performance: ALLI is a member of the Medicine - Wholesale Drugs sector, where it is the 5th best performing stock out of 11 stocks in the sector. While the sector as a whole has a weighted Alpha of -11.7%, ALLI itself has a weighted Alpha of -0.9% indicating that it is stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center.

How we spotted this chart: ALLI appeared on Barchart’s Sector Changes - One Month page, where we displayed the individual sector and looked for stocks that were top performers for the YTD.

Recent Developments:

There have been no news developments for the last seven days for Allion Healthcare (ALLI)

Recent articles from this author

• Barchart Chart of the Day - September 16, 2009 - Wednesday, September 16, 2009
• Barchart Stock Market Wrap – March 13, 2009 - Friday, March 13, 2009
• Barchart Stock Chart of the Day – March 13, 2009 - Friday, March 13, 2009
• Barchart Stock Market Wrap – March 12, 2009 - Thursday, March 12, 2009
• Barchart Stock Chart of the Day – March 12, 2009 - Thursday, March 12, 2009

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.