OPK, EBR, AVID deleted

This week I deleted Opko Health (OPK), Centrais Eletrcas Brasileiras (EBR), Avid Technology (AVID) from the Barchart Van Meerten Speculative portfolio for negative price momentum.

Opko Health (OPK)

Barchart technical indicators:

• 40% Barchart short term sell signals
• Trend Spotter sell signal
• 33.36% off its recent high
• Relative strength Index 42.23%

Centrais Eletricas Brasileiras (EBR)

Barchart technical indicators:

• 60% Barchart short term technical sell signals
• Trend Spotter sell signal
• 28.74% off its recent high
• Relative Strength Index 45.19%

Avid Technology (AVID)

Barchart technical indicators:

• 100% Barchart short term technical sell signals
• Trend Spotter sell signal
• 17.69% off its recent high
• Relative Strength Index 37.52%

Portfolio Changes

Today I deleted Array Biopharma (ARRY) from the Barchart Van Meerten Speculative portfolio and replaced it with Centrais Electricas Brasileiras (ERB) for technical indicator signals:

Deleted Array Biopharma (ARRY)

Barchart technical indicators:

• 64% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 20.50% off its recent high
• Relative Strength Index 37.53%

Bought Centrais Electricas Brasileiras (EBR)

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 22.58% in the last month
• Relative Strength Index 80.79%
• Barchart computes a technical support level at 3.27
• Recently traded at 3.43 with a 50 day moving average of 2.63