's Chart of the Day - Legg Mason (LM) - Dec 23, 2013

          The Chart of the Day is Legg Mason (LM).  I found the stock by sorting the New High List for frequency in the last month and skipped over the stock without positive gains for the last week and month.  Since the Trend Spotter signaled another buy signal on 12/9 the stock is up 9.15%.

It is a holding company which, through its subsidiaries, is principally engaged in providing asset management, securities brokerage,investment banking and related financial services to individuals,institutions, corporations and municipalities.

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 web site when you read this report.

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Fundamental factors:
As more investors finally get back into the market this stock should do well.  I feel confident using the 100 day moving average as a exit point.

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