The Chart of the Day belongs to AutoNation (AN). I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals and then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/3 the stock gained 9.30%.
AutoNation, Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair services.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
The 50 - 100 Day MACD Oscillator has been a reliable technical trading strategy and should continue to be used to gauge entry and exit points.