Tuesday, December 7, 2010

3 AMEX picks for 12/7

Today I'm highlighting 3 AMEX stocks that I found on Barchart new highs screens.

KOG - Kodiak Oil -headquartered in Denver, is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Greater Green River Basins in the U.S. Rocky Mountains. The primary function of the board of directors is therefore oversight - defining and enforcing standards of accountability that enable the CEO and senior management to execute their responsibilities fully and in the interests of the Company's shareholders.

  • 100% Barchart technical buy signal
  • 16 new highs last month
  • Up 34.14% last month
  • Relative Strength Index 85.26% and rising
  • Trades around 5.53 which is 30.2% above its 50 day moving average of 4.24
APP - American Apparel - is a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic apparel based in downtown Los Angeles, California. American operates over 180 retail stores in 13 countries, including the United States, Canada, Mexico, United Kingdom, France, Germany, Italy, the Netherlands, Sweden, Switzerland, Israel, Japan and South Korea. American Apparel also operates a leading wholesale business that supplies t-shirts and other casual wear to distributors and screen printers.
  • 96% Barchart technical buy signal
  • 12 new highs last month
  • Up 41.59% last month
  • Relative Strength Index 64.22% and rising
  • Trades around 1.60 which is 27.00% above its 50 day moving average of 1.26
TWO - Two Harbors Investments - is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation. Two Harbors intends to acquire and manage a portfolio of mortgage-backed securities, focusing on security selection and the relative value of various sectors within the mortgage market. As an investment strategy, the company expects to deploy moderate borrowings through, with respect to Agency RMBS, short-term borrowings structured as repurchase agreements and, with respect to non-Agency RMBS and residential mortgage loans, private funding sources. It may also finance portions of its portfolio through non-recourse term borrowing facilities and equity financing under the Legacy Loan Program and Term Asset-Backed Securities Lending Facility (TALF), if such financing becomes available.
  • 96% Barchart technical buy signal
  • 12 new highs in the last month
  • Up 9.28% in the last month
  • Relative Strength Index 84.18% and rising
  • Trades around 10.15 which is 8.00% above its 50 day moving average of 9.40
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

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