The Chart of the Day belongs to Cato Corp (CATO). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on10/28 the stock gained 8.30%.
The Cato Corporation operates as a specialty retailer of women’s fashions and accessories in the United States. Its apparel and accessories, includes dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry and handbags.
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:
Fundamental factors:
Technical indicators have not done a real good job making prediction on this stock so I’d hold it as long as it increases sales and earnings.
