Barchart Stock Chart of the Day – February 13, 2009

By now you know of many of Barchart’s many tools for identifying winning stocks. But you pay even more attention when you see the same stock in many different screens.

Take today’s Chart of the Day, Lancaster Colony (LANC) , the Ohio manufacturer of everything from foods to candles. LANC impressed back on January 29th with an improved sales and earnings report for its second quarter, but the company is continuing to benefit from that report, having set a new 52-week high just today.

Which is where we first spotted Lancaster Colony, on Barchart’s Overall 52-week Highs page. But we really took notice when we looked at Barchart’s Signals - Top 100 Stocks page, where we noticed that LANC’s Barchart Signals score had improved from a 32% Buy last month to a 96% Buy yesterday.
 
Barchart Opinions for LANC are:

    Short Term Indicators Average: 80% Buy
    Medium Term Indicators Average: 100% Buy
    Long Term Indicators Average: 100% Buy
    Overall Average: 96% Buy

Barchart Trend Spotter Signal: Long since February 4, 2009.

Sector Performance: LANC is a member of the Food - Miscellaneous & Diversified sector, where it is the 4th best performing stock out of 41 stocks in the sector. While the sector as a whole has a weighted Alpha of – 9.48%, LANC itself has a weighted Alpha of +32.90% indicating that it is much stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center.

How we spotted this chart: We first noticed LANC when we scanned the Overall 52-week Highs page and then noticed that on the Barchart’s Signals - Top 100 Stocks page that its signals score had considerably improved as well.

Recent Developments:

Lancaster Colony (LANC) reported earnings on January 29th at 82 cents per share, up 52% from last year on sales of $288.2 million.