Barchart Stock Chart of the Day – March 10, 2009
Often if you search Barchart screens frequently enough, you’ll notice one stock that consistently hits all your ‘early warning’ screens. Those screens that alert you to big moves, before they occur.
And that’s exactly how we found today’s Chart of the Day, Cypress Semiconductor (CY) , the San Jose based manufacturer of various semiconductor products, including wireless USB products and SRAM data products. But its another product that has CY on the move these days, as CY makes solar electric power technology products, which include solar cells, solar panels, and inverters. Yes, it’s the alternative energy component that drives CY these days.
CY appeared on Barchart’s Signals - Top 100 Stocks page today, improving to a technical score of 88% Buy from 72% Buy score last month. But we’ve seen CY on several other screens over the last week.
Barchart Opinions for CY are:
Short Term Indicators Average: 60% Buy
Medium Term Indicators Average: 100% Buy
Long Term Indicators Average: 100% Buy
Overall Average: 88% Buy
Barchart Trend Spotter Signal: Short since March 2, 2009.
Sector Performance: CY is a member of the Electronics – Semiconductors sector , where it is the 4th best performing stock out of 102 stocks in the sector. While the sector as a whole has a weighted Alpha of -46.04%, CY itself has a weighted Alpha of -1.0% 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: CY caught our eye while scanning the Barchart Signals - Top 100 Stocks page. We displayed the full list, sorted by last month’s opinion and looked for stocks with significant improvements in scores over the last month. CY caught our eye because it has been hitting several of our screens lately and went from a 72% Buy score to a 88% Buy score.
Recent Developments:
There have been no significant company news items for Cypress Semiconductor (CY) in the last seven days.
