Buy Signals - WCG TOWN THLD TBK

Each morning I use Barchart to sort the Russell 3000 Index stocks for buying opportunities.  On Friday these are the stocks I added to the Barchart Van Meerten New High portfolio: Wellcare Group (WCG), Towne Bank (TBK), Threshold Pharmaceuticals (THLD and Triumph Bancorp (TBK).

Wellcare Group (WCG)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Weighted Alpha 48.16+
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 4 new highs and up 11.86% in the last month
• Relative Strength Index 62.61%
• Barchart computes a technical support level at 94.50
• Recently traded at 96.14 with a 50 day moving average of 86.60

Towne Bank (TOWN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Weighted Alpha 36.99+
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 2.77% in the last month
• Relative Strength Index 65.04%
• Barchart computes a technical support level at 18.72
• Recently traded at 18.91 with a 50 day moving average of 17.72

Threshold Pharmaceuticals (THLD)

Barchart technical indicators:

• 100% Barchart technical buy signals
• 28.26+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 17.62% in the last month
• Relative Strength Index 69.66%
• Barchart computes a technical support level at 4.27
• Recently traded at 4.94 with a 50 day moving average of 4.26

Triumph Bancorp (TBK)

Barchart technical indicators:

• 100% Barchart technical by signals
• 28.90+ Weighted Alpha
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 9.80% in the last month
• Relative Strength Index 73.79%
• Barchart computes a technical support level at 14.86
• Recently traded at 15.70 with a 50 day moving average of 13.87