Barchart Stock Chart of the Day – March 5, 2009

It’s been a long, hard fall for copper since last June. But yesterday copper shows signs of life as rumors swirled that China was considering increasing its infrastructure stimulus package by $585 billion. And the good news for copper quickly translated to copper stocks.

We found our Chart of the Day, Southern Copper Corporation (PCU) by scanning Barchart’s Signals - Top Upgrades page, where we noticed that PCU had a 72% upgrade in Barchart signals overnight.


Barchart Opinions for PCU are:

    Short Term Indicators Average: 40% Buy
    Medium Term Indicators Average: 25% Buy
    Long Term Indicators Average: 67% Buy
    Overall Average: 32% Buy

Barchart Trend Spotter Signal: Short since January 30, 2009.

Sector Performance: PCU is a member of the Mining - Non Ferrous sector , where it is the 2nd best performing stock out of 7 stocks in the sector. While the sector as a whole has a weighted Alpha of -73.80%, PCU itself has a weighted Alpha of -61.60% indicating that it is about the same strength than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center .

How we spotted this chart: PCU caught our eye while scanning the Barchart Signals - Top Upgrades page. We were looking for stocks which had improved from a Sell to a Buy overnight, but which still had upside potential. PCU went from a 40% Sell rating to a 32% buy rating overnight. The fact that the buy rating was only 32% indicates that there is room for future improvement.

Recent Developments:

There have been no significant company news items for Southern Copper Corporation (PCU) in the last seven days.

PCU is an Arizona based copper producer with extensive mining operations in Peru.