Barchart Stock Chart of the Day – February 19, 2009

Matrixx Initiatives (MTXX), a maker of over the counter medications showed up on our Barchart Signals - Top 100 Stocks page today and upon further investigation became intriguing enough to become our Chart of the Day.

We’ve mentioned before the way we use Barchart Signals improvements. It’s not that you display the list and simply buy stocks with 100% buy signals. In many cases, those are stocks nearing the end of their move. Instead, we’re looking for stocks with improving fortunes, early in their move. To find these hidden gems, we display the full list on the Signals page and sort by last month’s performance. Ideally you’d love to find a stock with a Sell score last month that continually improved its scores through today.

With MTXX we not only found a company that has sharply improving Signal scores, but one who equaled its 52-week high today!  

Barchart Opinions for MTXX are:

    Short Term Indicators Average: 80% Buy
    Medium Term Indicators Average: 100% Buy
    Long Term Indicators Average: 33% Buy
    Overall Average: 80% Buy

Barchart Trend Spotter Signal: Long since January 28, 2009.

Sector Performance: MTXX is a member of the Medical - Drugs sector , where it is the 7th best performing stock out of 106 stocks in the sector. While the sector as a whole has a weighted Alpha of -26.37%, MTXX itself has a weighted Alpha of +33.70% 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: We noticed MTXX 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 who’s 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. MTXX’s score last month was a 100% Sell last month and today is an 80% Buy.

Recent Developments:

There have been no significant news articles for Matrixx Initiatives (MTXX) in the last seven days.