Some Great Buys

After some spring cleaning last week I added back a few positions to the Barchart Van Meerten New High Portfolio.

I added Foot Locker (FL), Transportadora De Gas (TGS), Alliant Techsystems (OA), Amarin (AMRN) and Citigroup (C):

Foot Locker (FL)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 14 new highs and up 13.50% in the last month
• Relative Strength Index 76.90%
• Barchart computes a technical support level at 60.27
• Recently traded at 61.44 with a 50 day moving average of 55.31

Transportadora de Gas (TGS)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 61.52% in the last month
• Relative Strength Index 87.17
• Barchart computes a technical support level at 3.94
• Recently traded at 5.32 with a 50 day moving average of 3.50

Alliant Techsystems (OA)

Barchart technical indicators:

• Less than 6 months so not rated
• Above its 20 day moving average
• 12 new highs and up 2.31% in the last month
• Relative Strength Index 81.38%
• Recenlty traded at 74.77 with a 20 day moving average of 67.88

Amarin (AMRN)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 107.18% in the last month
• Relative Strength Index 90.65%
• Barchart computes a technical support level at 1.81
• Recently traded at 2.36 with a 50 day moving average of 1.25

Citigroup (C)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 5.58% in the last month
• Relative Strength Index 61.58%
• Barchart computes  a technical support level at 50.96
• Recently traded at 53.74 with a 50 day moving average of 50.67

A Little House Cleaning

While the market takes  a pause it gives me a little opportunity to do some house cleaning and deleted some stocks that haven't done well lately.  Deleted from the Barchart Van Meerten New High portfolio are Dynegy (DYN), NRG Energy (NRG), Amkor Technology (AMKR), Genworth Financial (GNW), Waddell and Reed Financial (WDR), Alliant Techsystems (ATK),  Maiden Holdings (MHLD), Sonoco Products (SON) and Teleflex (TFX):

Dynegy (DYN)

Barchart technical indicators:

• 64% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 23.02% off its recent high
• Relative Strength Index 18.68%

NRG Energy (NRG)

Barchart technical indicators:

• 64% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 16.15% off its recent high
• Relative Strength Index 26.69%

Amkor Technology (AMKR)

Barchart technical indicators:

• 40% Barchart short term technical sell signals
• Trend Spotter buy signal
• Below its 20 day moving average
• 11.49% off its recent high
• Relative Strength Index 48.27%

Genworth Financial (GNW)

Barchart technical indicators:

• 72% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 12.27% below its recent high
• Relative Strength Index 37.48%

Waddell and Reed Financial (WDR)

Barchart technical indicators:

• 96% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 24.51% off its recent high
• Relative Strength Index 33.14%

Alliant Techsystems (ATK)

Barchart technical indicators:

• 16% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 100 day moving average
• 14.41% off its recent high
• Relative Strength Index 52.33%

Maiden Holdings (MHLD)

Barchart technical indicators:

• 72% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 11.05% off its recent high
• Relative Strength Index 48.90%

Sonoco Products (SON)

Barchart technical indicators:

• 48% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 7.05% off its recent high
• Relative Strength Index 36.27%

Teleflex (TFX)

Barchart technical indicators:

• 20% Barchart technical sell signal
• Trend Spotter buy signal
• Below its 20, 50 and 100 day moving averages
• 3.84% off its recent high
• Relative Strength Index 27.51%

Portfolio Additions

Today I added positions in both the Barchart Van Meerten New High portfolio and the Barchart Van Meerten Speculative portfolio.   Alliant Techsystems (ATK) was added to the Barchart Van Meerten New High portfolio and  Techtarget (TTGT) was added to the Barchar Van Meerten Speculative portfolio.


Alliant Techsystems (ATK)

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 8.72% in the last month
• Relative Strength Index 68.81%
• Barchart computes a technical support level at 117.72
• Recently traded at 120.31 with a 50 day moving average of 108.91

Techtarget (TTGT)

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 20.08% in the last month
• Relative Strength Index 77.49%
• Barchart computes a technical support level at 5.81
• Recently traded at 6.04 with a 50 day moving average of 5.30

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index for the stocks with the best current momentum, skipped any stocks that did not have positive gains for the last week and month and then used the Flipchart feature to review the charts.

Today's list includes Teleflex (TFX), Huntington Ingalls Industries (HII), Alliant Techsystems (ATK), Parametric Technology (PMTC) and Commercial Metals (CMC):

Teleflex (TFX)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 14.02% in the last month
• Relative Strength Index 85.48%
• Barchart computes a technical support level at 96.77
• Recently traded at 98.81 with a 50 day moving average of 88.48

Huntington Ingalls Industries (HII)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 15.05% in the last month
• Relative Strength Index 88.79%
• Barchart computes a technical support level at 80.10
• Recently traded at 82.68 with a 50 day moving average of 72.75

Alliant Techsystems (ATK)

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 10.14% in the last month
• Relative Strength Index 78.30%
• Barchart computes a technical support level at 118.18
• Recently traded at 120.95 with a 50 day moving average of 106.95

Parametrics Technology (PMTC)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 19.64% in the last month
• Relative Strength Index 74.76%
• Barchart computes a technical support level at 31.91
• Recently traded at 32.63 with a 50 day moving average of 29.31

Commercial Metals (CMC)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 6.53% in the last month
• Relative Strength Index 70.85%
• Barchart computes a technical support level at 18.93
• Recently traded at 19.42 with a 50 day moving average of 17.82

The 5 Best Mid Caps

Today I used Barchart to sort the S&P 400 Mid Cap Index to find the stocks with the most consistent upward momentum and best charts. My list includes Alliant Techsystems (ATK), Commercial Metals (CMC), Teleflex (TFX), Chico's FAS (CHS), and Global Payments (GPN):

Alliant Techsystems (ATK)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 11.93% in the last month
• Relative Strength Index 74.96%
• Barchart computes a technical support level at 115.88
• Recently traded at 116.64 with a 50 day moving average of 104.78

Commercial Metals (CMC)

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 11.85% in the last month
• Relative Strength Index 72.86%
• Barchart computes a technical support level at 18.61
•  Recently traded at 19.26 with a 50 day moving average of 17.54

Teleflex (TFX)

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 10.62% in the last month
• Relative Strength Index 75.10%
• Barchart computes a technical support level at 93.75
• Recently traded at 95.44 with a 50 day moving average of 86.63

Chico's FAS (CHS)

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 11.65% in the last month
• Relative Strength Index 72.10%
• Barchart computes a technical support level at 17.87
• Recently traded at 18.31 with a 50 day moving average of 16.97

Global Payments (GPN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 11.44% in the last month
• Relative Strength Index 77.30%
• Barchart computes a technical support level at 62.65
• Recently traded at 63.77 with a 50 day moving average of 56.42