Monday, February 29, 2016

5 Great Low Priced Stocks

As I write this post the market seems to have found a bottom but I can't really say it has began a recovery.  Although 74.61% of the 10,000+ stocks in the Barchart database are trading above their 20 Day Moving Averages only 48.47% are trading above their 50 DMAs.  I like it when the market is trading above its 20, 50 and 100 DMAs but we are not there yet.

Today list are some of the stocks I added recently to the Barchart Van Meerten Speculative portfolio.  For this portfolio I use Barchart to screen the Russell 3000 Index stocks first for a price under $10, technical buy signals of 80%+ and then I use the Flipchart feature to review the charts for consistency.  Today's additions include:
Vince Holdings (VNCE), Oclaro (OCLR), Century Aluminum (CENX), Orasure Technologies (OSUR) and Groupon (GRPN).

Vince Holdings (VNCE)


Barchart technical indicators:

  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 30.37% in the last month
  • Relative Strength Index 66.76%
  • Technical support level at 5.84
  • Recently traded at 6.31 with a 50 day moving average of 4.79
Oclaro (OCLR)


Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 44.41% in the last month
  • Relative Strength Index 75.53%
  • Technical support level at 4.73
  • Recently traded at .91 with a 50 day moving average of 3.82


Barchart techncial indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 7 new highs and up 94.54% in the last month
  • Relative Strength Index 66.66%
  • Technical support level at 6.21
  • Recently traded at 6.77 with a 50 day moving average of 4.35


Barchart technical indicators:
  • 88% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 3 new highs and up 17.61% in the last month
  • Relative Strength Index 65.12%
  • Technical support level at 6.67
  • Recently traded at 6.68 with a 50 day moving average of 6.16
Groupon (GRPN)


Barchart technical indicators:
  • 80% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 5 new highs and up 61.51% in the last month
  • Relative Strength Index 73.12%
  • Technical support level at 4.06
  • Recently traded at 4.49 with a 50 day moving average of 3.02








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