Tuesday, May 1, 2012

4 Stocks with buy signals


This morning I added Reading International (RDI), Ballantyne Strong (BTN), United Microelectronics (UMC) and Star Bulk Carrier (SBLK) to the Barchart Van Meerten Speculative portfolio.  These are low priced stocks with very strong short term momentum

Reading International (RDI)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 8.37% in the last month
  • Relative Strength Index 75.67%
  • Barchart computes a technical support level at 4.67
  • Recently traded at 5.05 with a 50 day moving average of 4.61
Ballantyne Strong (BTN)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 18.23% in the last month
  • Relative Strength Index 71.63%
  • Barchart computes a technical support level at 5.80
  • Recently traded at 6.29 with a 50 day moving average of 5.37
United Microelectronics (UMC)


Barchart technical indicators:
  • 64% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 7.76% in the last month
  • Relative Strength Index 61.53%
  • Barchart computes a technical support level at 2.63
  • Recently traded at 2.64 with a 50 day moving average of 2.57
Star Bulk Carriers (SBLK)


Barchart technical indicators:
  • 8% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20 and 50 day moving average
  • 11 new highs and up 6.47% in the last month
  • Relative Strength Index 54.43%
  • Barchart computes a technical support level at .93
  • Recently traded at .95 with a 50 day moving average of .94





The stocks mentioned above may be held in either personal or family member accounts and/or mutual funds and separately managed accounts at Marketocracy Capital Management from whom I receive compensation as a financial analyst

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