The Chart of the Day belongs to Aceto Corp (NASDAQ:ACET). I found the stock by using Barchart to sort today's All Time High list for the stocks with the highest technical buy signals , then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/8 the stock gained 17.92%.

Aceto Corp. is engaged in the distribution and marketing of fine and industrial chemicals used principally in the agricultural, color producing,pharmaceutical and surface coating industries.

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 this report

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 16.46% in the last month
• Relative Strength Index 70.10%
• Barchart computes a technical support level at 24.36
• Recently traded at 25.33 with a 50 day moving average of 22.01

Fundamental factors:

• Market Cap $737.36 million
• P/E 23.07
• Dividend yield .98%
• Revenue expected to grow 8.70% this year and another 8.20% next year
• Earnings estimated to increase .90% this year, an additional 13.40% next year and continue to increase at an annual rate of 24.00% over the next 5 years
• The Wall Street analysts following the stock issued a strong buy recommendation on the stock

The most reliable technical trading strategy for this stock has been the 50-100 Day MACD Oscillator and I'd advise you to continue to use it to find entry and exit points.