Author’s Note: This is a Spanish bank that trades as an American Depositary Receipt (ADR) on the New York Stock Exchange under the symbol SAN.
Valued at $175 billion, Banco Santander (SAN) is the biggest bank in Spain and the biggest international bank in Latin America as well. The bank provides services for individuals and companies that include leasing, factoring, stock brokerage, and mutual fund services.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SAN checks those boxes. Since the Trend Seeker signaled a new “Buy” on Nov. 26, the stock has gained 10.86%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each 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. These technical indicators form the Barchart Opinion on a particular stock.
Banco Santander scored a new 10-year high of $11.86 on Dec. 24.
Wall Street analysts like this ADR and so do individual investors.
Wall Street analysts and individual investors agree on this foreign bank ADR. If you want to diversify your portfolio with some foreign equities, this bank is a good place to do that.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.