Tuesday, August 31, 2010

NL Industries - NL - Delete

I'm deleting NL Industries (NL) from the Barchart Van Meerten Speculative Portfolio for negative price momentum and :

  • Trading below its 20, 50 and 100 day moving averages
  • 40% Barchart short term sell signal
  • Lost 12.77% in the last 5 days
  • 14 day Relative Strength index is 37.65% and falling

Jim Van Meerten is an investor who writes on investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: No positions in the stock mentioned at the time of publication

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