The Barchart Chart of the Day belongs to California Resources (CRC). I found the petroleum stock by using Barchart to sort today's Top Stocks to Own list first by the highest Weighted Alpha then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 6/20 the stock gained 12.14%.

California Resources Corporation is engaged in exploration and production of oil and gas. The Company produces, gathers, processes and markets crude oil, natural gas, natural gas liquids and electricity primarily in the State of California. California Resources Corporation is based in Los Angeles, California.

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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 website when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• 405.53+ Weighted Alpha
• 373.00% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 38.44% in the last month
• Relative Strength Index 67.23%
• Technical support level at 42.62
• Recently traded at 45.11 with a 50 day moving average of 34.38

Fundamental factors:

• Market Cap $1.89 billion
• Revenue expected to grow 24.00% this year and another 9.70% next year
• Earnings estimated to increase 7180% this year, decrease 133.90% next year and decrease by an annual rate of 18.00% for the next 5 years
• Wall Street analysts have 2 buy, 4 hold and 2 under perform recommendations in place