Adjustments to the Barchart Van Meerten Speculative portfolio

Today I deleted some positions in the Barchart Van Meerten Speculative portfolio because of negative or lack of positive momentum.

The stock deleted included Gravity Co (GRVY), Glowpoint (GLOW), Anworth Mortgage Assets (ANH), American Realty Investors (ARL), and Alliance Healthcare Services (AIQ):

Gravity Co (GRVY)

Barchart technical indicators:

• 88% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 30.93% off its recent high
• Relative Strength Index 40.50%

Glowpoint (GLOW)

Barchart technical indicators:

• 24% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 23.65% off its recent high
• Relative Strength Index 49.48%

Anworth Mortgage Assets (ANH)

Barchart technical indicators:

• 24% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 10.46% off its recent high
• Relative Strength Index 47.70%

American Realty Investors (ARL)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 43.22% off its recent high
• Relative Strength Index 32.58%

Alliance Healthcare Services (AIQ)

Barchart technical indicators:

• 48% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 18.02% below its recent high
• Relative Strength Index 44.54%

Alliance Healthcare Services - Chart of the Day

Summary:

Alliance Healthcare Services (AIQ) is the Chart of the Day. The outpatient diagnostic services company is a pure technical analysis play with a solid run of Trend Spotter buy signals and is up 332% since 2/1.

Article:

The Chart of the Day is Alliance Healthcare Services (AIQ).  The stock was at the top of the New High List when I sorted it for Weighted Alpha which is 333.95+.. The Trend Spotter started an unbroken string of buy signals on 2/1 and since then the stock is up 332%.

It provides shared-service and fixed-site diagnostic imaging services and is the largest provider of advanced outpatient diagnostic imaging services in the United States. It offers magnetic resonance imaging (MRI), and positron emission tomography (PET) and positron emission tomography/computed tomography (PET and PET/CT) services through its Alliance Imaging division and radiation therapy services through its Alliance Oncology division. It also offers ancillary services, including marketing support, education, training, and billing assistance. The company provides imaging and therapeutic services primarily to hospitals and other healthcare providers on a shared-service and full-time service basis. It operates radiation therapy centers that provide state-of-the-art treatment and care for cancer patients.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 72.56% in the last quarter
• Relative Strength Index 91.19%
• Barchart computes a technical support level at 21.29
• Recently traded at 22.26 with a 50 day moving average of 17.22

Fundamental factors:

• Market Cap $236.18 million
• Although several firms have the stock on their watchlists none are willing to venture any projections
• The Financial Strength is only a C.

This is a very highly speculative stock and is featured only because of its high Weighted Alpha.  Don' bet your retirement nest egg on this one but a small flyer could be profitable.