Wednesday, May 30, 2012

RDI and KONG buy signals

This morning I added Reading International (RDI) and Kongzhong (KONG) to the Barchart Van Meerten Speculative model portfolio:

Reading International (RDI)


Barchart technical indicators:
  • 100% Barchart technical buy signal
  • Trend spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 16.85% in the last month
  • Relative Strength Index 72.67%
  • Barchart computes  a technical support level at 5.69
  • Recently traded at 5.79 with a 50 day moving average of 5.01
Kongzhong (KONG)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 11 new highs and up 19.95% in the last month
  • Relative Strength Index 72.36%
  • Barchart computes a technical support level at 6.80
  • Recently traded at 6.95 with a 50 day moving average of 5.84




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