Saturday, August 18, 2012

Konzhong and Keegan Resources sell signals

I deleted Kongzhong (KONG) and Keegan Resources (KGN) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Kongzhong (KONG)


Barchart technical indicators:
  • 56% Barchart technical sell signal
  • Trend spotter sell signal
  • Below its 20, 50 and 100 day moving averages
  • Lost 14.85% in the last month
  • 15.16% off its 1 year high
  • Relative Strength Index 30.15%
  • Recently traded at 6.94 which is below its 50 day moving average of 7.84
Keegan Resources (KGN)


Barchart technical indicators:
  • 64% Barchart technical sell signal
  • Below its 20, 50 and 100 day moving averages
  • Lost 15.12% in the last month
  • 69.64% off its 1 year high
  • Relative Strength Index 44.98%
  • Recently traded at 2.92 which is below its 50 day moving average of 3.06





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