Friday, July 13, 2012

3 Stocks That are off the Charts


This afternoon I used Bachart to screen the 758 stocks that were hitting new highs in the last 30 days to find the 3 with off the chart technicals and found Novavax (NVAX), Core-Mark Holdings (CORE) and AEP Industries (AEPI). These are hourly trading charts for the last month:


Novavax (NVAX)


Barchart technical indicators:
  • 96% Brachart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 68.03% in the last month
  • Relative Strength Index 88.31%
  • Barchart computes a technical support level at 1.85
  • Recently traded at 2.06 with a 50 day moving average of 1.40
Core-Mark Holdings (CORE)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 15.87% in the last month
  • Relative Strength Index 77.49$
  • Barchart computes a technical support level at48.02
  • Recently traded at 49.43 with a 50 day moving average of 44.18
AEP Industries (AEPI)


Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 27.51% in the last month
  • Relative Strength Index 94.07
  • Barchart computes a technical support level at 45.36
  • Recently traded at 46.77 with a 50 day moving average of 37.69






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