Belo sell signals

This morning on Barchart I detected sell signals on Belo Corp (BLC) and deleted it from the Barchart Van Meerten Speculative portfolio.

Barchart technical indicators:

• 88% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 24.60% off its recent high
• Relative Strength Index 39.42% and falling

Jim Van Meerten is a Marketocracy Master

Belo Corp - BLC -- added

This morning I'm adding Belo Corp (BLC) to the Barchart Van Meerten Speculative portfolio on purely technical reasons:

• 96% Barchart technical buy signal
• 17 new highs in the last month
• Up 24.48% in the last month
• Relative Strength Index 77.09% and rising
• Trades around 7.22 well above its 50 day moving average of 6.24

Over on Motley Fool CAPS members think the stock will beat the market by a vote of 101 to 29 with the All Stars in agreement 62 to 2.

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.