4 Speculative Buys

Some of you like to buy low priced speculative issues.  Low priced stock fluctuate wildly so in an effort to smooth things out a bit I used Barchart to screen stocks trading for under $10 first by the number of new highs they made in the last month, then for technical buy signals of 80% or better then again for a 50-100 Day MACD Oscillator buy signal.  As always I use the Flipchart feature to review the charts.

The stocks added to the Barchart Van Meerten Speculative portfolio today are Dara Biosciences (DARA), Ifan Financial (IFAN), Bank of Commerce (BOCH) and AXT Inc (AXTI).

Dara Biosciences (DARA)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 15.00% in the last month
• Relative Strength Index 63.72%
• Barchart computes a technical support level at .89
• Recently traded at .92 with a 50 day moving average of .86

Ifan Financial (IFAN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 144.05% in the last month
• Relative Strength Index 69.66% 
• Barchart computes a technical support level at .1877
• Recently traded at .2050 with a 50 day moving average of .1025

Bank of Commerce (BOCH)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 20.97% in the last month
• Relative Strength Index 80.02%
• Barchart computes a technical support level at 7.01
• Recently traded at 7.27 with a 50 day moving average of 6.22

AXT Inc (AXTI)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.01% in the last month
• Relative Strength Index 65.48%
• Barchart computes a technical support level at 2.37
• Recently traded at 2.42 with a 50 day moving average of 2.19