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Santander (SAN) is enjoying strong technical momentum and trading at new 10-year highs.
SAN is up over 160% in the last 52 weeks.
The stock maintains a 100% technical “Buy” rating from Barchart.
SAN is a Spanish financial institution that provides access to American investors.
Author’s note: It is a Spanish bank that trades as American Depositary Receipt (ADR) on the New York Stock Exchange under the symbol SAN.
Valued at $175 billion, Banco Santander (SAN) is the largest bank in Spain and also the largest international bank in Latin America. The bank provides services to individuals and businesses, including leasing, factoring, securities brokerage and mutual fund services.
I found today’s Chart of the Day using Barchart’s powerful filtering functions to sort stocks with the highest technical buy signals; a greater current momentum in terms of strength and direction; and a “buy” signal from Trend Seeker. I then used Barchart’s Flipcharts feature to examine the charts for consistent price appreciation. SAN ticks these boxes. Since Trend Seeker reported another “buy” on November 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 depending on market fluctuations. The indicator numbers shown below may therefore not correspond to what you see live on the Barchart.com website when you read this report. These technical indicators form Barchart’s opinion on a particular stock.
Banco Santander hit a new 10-year high of $11.86 on December 24.
SAN has a weighted alpha of +149.88.
Banco Santander has a 100% “Buy” rating from Barchart.
ADR has gained 159.54% over the past year.
SAN has its Trend Seeker “Buy” signal intact.
ADR recently traded at $11.86 with a 50-day moving average of $10.63.
SAN hit 18 new highs and gained 16.68% last month.
The relative strength index (RSI) is at 73.71.
There is a technical support level around $11.73.
Market capitalization of $175 billion.
Current price/earnings ratio of 13.32x.
Dividend yield of 2.23%.
Revenues are expected to decline by 0.10% this year and another 0.61% next year.
Revenue is expected to grow 23.84% this year and another 8.75% next year.