Barchart Stock Chart of the Day – February 18, 2009

We’re all pinching pennies in this economy, right? Well, someone has to be making money from that trend, and we went looking in Barchart’s Signals - Top 100 Stocks to find them.

Which is where we first spotted Coinstar (CSTR), the company that provides those penny counting machines in supermarkets.

Apparently looking at CSTR’s stock performance of late, LOTS of people are emptying their piggy banks these days.

Barchart Opinions for CSTR are:

    Short Term Indicators Average: 100% Buy
    Medium Term Indicators Average: 100% Buy
    Long Term Indicators Average: 33% Buy
    Overall Average: 88% Buy

Barchart Trend Spotter Signal: Long since January 2, 2009.

Sector Performance: CSTR is a member of the Finance - Miscellaneous Services sector, where it is the 27th best performing stock out of 51 stocks in the sector. While the sector as a whole has a weighted Alpha of –23.12%, CSTR itself has a weighted Alpha of -1.00% 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: We noticed CSTR while looking at Barchart’s Signals - Top 100 Stocks page, where we displayed the full list and then sorted by last month’s performance. We were looking for stocks whose Barchart Signals score had significantly improved from last month. By looking for stocks with negative Signal scores last month and positive scores last night, we were able to quickly identify turn around candidates. CSTR’s score last month was a 16% Sell last month and today is an 88% Buy.

Recent Developments:

On Friday, February 13 Coinstar (CSTR) reported fourth quarter earnings of 15 cents versus a year earlier loss of $1.34 per share. CSTR also lifted Q1 and fiscal year earnings guidance.