Monday, August 11, 2014

Sold GGAL, Bought SKX

Today I sold Grupo Financiero Galicia (GGAL) and bought Skechers USA (SKX) in the Barchart Van Meerten New High portfolio:

SOLD Grupo Financiero Galicia (GGAL)


Barchart technical indicators:
  • 16% Barchart technical sell signals
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving averages
  • 24.27% off its recent high
  • Relative Strength Index 42.21%
BOUGHT Skechers USA  (SKX)


Barchart technical indicators:
  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 25.75% in the last month
  • Relative Strength Index 75.67%
  • Barchart computes a technical support level at 53.85
  • Recently traded at 56.55 with a 50 day moving average of 47.96




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