Barchart Stock Chart of the Day – March 13, 2009
Friday, March 13, 2009
by Barchart Analyst of Barchart.com
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Barchart Stock Chart of the Day – March 13, 2009 Finding stocks breaking out to the upside is easy using Barchart’s screens. Today we were looking at Barchart’s Signals – Top 100 Stocks page when we sorted by net change on the day, looking for stocks up strong today and with improving technical signals. Which is how we found today’s Chart of the Day, CardioNet (BEAT) a maker of clinical information monitoring equipment for cardiac patients. 
Barchart Opinions for BEAT 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 March 13, 2009. Sector Performance: BEAT is a member of the Medical Products sector , where it is the best performing stock out of 71 stocks in the sector. While the sector as a whole has a weighted Alpha of -37.04%, BEAT itself has a weighted Alpha of +44.40% 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 viewed the Barchart Signals – Top 100 Stocks page, displayed the full list and then sorted by today’s price change. We then scanned that list looking for stocks with significant improvements from last month’s technical score. We found BEAT had a technical score last month of a 16% Sell, but had improved to today’s 96% Buy score. Recent Developments: On Wednesday, March 11, 2009 CardioNet (BEAT) was the subject of a favorable article in Business Week’s investing section.
Recent articles from this author
- Barchart Chart of the Day - September 16, 2009 - Wednesday, September 16, 2009
- Barchart Stock Market Wrap – March 13, 2009 - Friday, March 13, 2009
- Barchart Stock Chart of the Day – March 13, 2009 - Friday, March 13, 2009
- Barchart Stock Market Wrap – March 12, 2009 - Thursday, March 12, 2009
- Barchart Stock Chart of the Day – March 12, 2009 - Thursday, March 12, 2009
About the author
The Barchart Analyst has over 35-years experience in the futures and stock markets, and is a former member of the Chicago Board of Trade. He has participated in an advisory role for many large corporations and has spent 19 years developing and back testing sophisticated trading systems for top Wall Street brokers and commodity trading firms. The Barchart Analyst uses many of Barchart.com's free tools, such as Signals, Top Stocks by Sector, and Opinions, to scour the market for stocks on the verge of a major move. His commentary alerts readers to major market trends and provides promising trading ideas. Comments may be forwarded to The Barchart Analyst via editor@insidefutures.com. With a heritage dating back to 1934, Barchart.com, Inc. has substantial experience in meeting the informational needs of the financial industry. A full-service provider of futures and equities financial market data from all major exchanges, Barchart also provides comprehensive historical market data and research, custom web content, complex real-time charting applications, an extensive array of market tools and analytics, retail, and educational products.
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