The Chart of the Day belongs to Asbury Automotive Group (ABG). I found the stock by sorting the New All Time High list for Weighted Alpha then used the Flipchart function to review the charts. Since the Trend Spotter signaled a buy on 6/20 the stock gained 8.35%

Asbury Automotive Group is one of the largest automotive retailers in the United States. They sell, finance and service a diverse range of foreign and domestic automobile brands.

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The status of 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.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 8.61% in the last month
• Relative Strength Index 77.79%
• Barchart computes a technical support level at 70.22
• Recently traded at 71.18 with a 50 day moving average of 64.68

Fundamental factors:

• Market Cap $2.20 billion
• P/E 18.70
• Revenue expected to grow 8.30% this year and another 6.10% next year
• Earnings estimated to increase by 16.70% this year, an additional 11.90% next year and continue to increase at an annual rate of 16.1% for the next 5 years
• Wall Street analysts issued 4 strong buy, 3 buy, 2 hold, 1 under perform and a single sell recommendation on the stock

As the economy recovers auto sales should increase too. Use the 50 day moving average as a sign of weakness and exit at the 100 day moving average.