The Chart of the Day belongs to Patrick Industries (PATK).  I found the building products stock by using Barchart to sort the Russell 3000 Index stocks for the criteria I like.  First I sorted for Barchart technical buy signals above 80% then again for a Weighted Alpha above 50.00+.  Next I used the Flipchart feature to review the charts,  Since the Trend Spotter signaled a buy on 9/1 the stock gained 11.15%.

The company is a manufacturer and supplier of building products and materials to the manufactured housing and recreational vehicle industries. In addition, they are expanding as a supplier to certain other industrial markets, such as furniture manufacturing, marine and the automotive aftermarket. They manufacture decorative vinyl and paper panels, cabinet doors, countertops, aluminum extrusions, drawer sides and wood adhesives.

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 web site when you read this report.

Barchart technical indicators:

Fundamental factors:
Because of the stocks erratic movement most of the normal technical trading strategies have no been useful.  I'd advise using a trailing stop loss 15% below its recent high to preserve your profits.