Monday, June 4, 2012

Portfolio deletions: PAA,CMG,SBUX,ULTA

This morning I deleted 4 stocks from the Barchart Van Meerten New High portfolio for negative price momentum,  They were Plains All American Pipeline (PPA), Chipolte Mexican Grill (CMG), Starbucks (SBUX) and Ulta Salon Cosmetics & Fragrance (ULTA)

Plains All American Pipeline (PAA)


Barchart technical indicators:
  • 88% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 9.54% off its 1 year high
  • Relative Strength Index 35.90%
Chipolte Mexican Grill (CMG)


Barchart technical indicators:
  • 64% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 10.24% off its 1 year high
  • Relative Strength Index 43.51%
Starbucks (SBUX)


Barchart technical indicators:
  • 24% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 13.06% off its 1 year high
  • Relative Strength Index 46.76%
Ulta Salon Cosmetics & Fragrance (ULTA)


Barchart technical indicators:
  • 48% Barchart technical sell signal
  • Trend Spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • 10.72% off its 1 year high
  • Relative Strength Index 42.04%








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