5 NYSE stocks to watch this morning 4/4

This morning I used Barchart to screen all the NYSE stocks that hit new 20 session highs last Friday and then sorted for the ones that hit new highs most frequently.  Here is the result:

RGR -- Strum Ruger

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• 19 new highs and up 29.31% in the last month
• Relative Strength Index 87.30% and climbing

DTG -- Dollar Thrifty Automotive

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• 18 new highs and up 27.33% in the last month
• Relative Strength Index 93.46% and climbing

WST -- West Pharmaceuticals

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• 17 new highs and up 78.86% in the last month
• Relative Strength Index 83.29% and climbing

BAS - Basic Energy Services

• 88% Barchart technical buy signal
• Trend Spotter buy signal
• 17 new highs and up 30.49% in the last month
• Relative Strength Index 70.00% and climbing

SHS-- Sauer - Danfoss

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• 17 new highs and up 78.86% in the last month
• Relative strength Index 83.29% and rising

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com  in his daily blog -- Barchart Portfolio Blogs.

Dollar Thrift Auto - DTG -- special situation

This morning my Barchart new high screener detected price movement on Dollar Thrift Automotive Group (DTG) so I added it as a short term holding in the Barchart Van Meerten New High portfolio.

Recently there have been several suitors looking to acquire this company.  In the past I've noticed price movement just like this and have taken advantage.  My advice is to buy and as soon as the bid is announced sell at about 98% of the bid.  Don't hang around for a better bid or disapproval of the stock holders

Technical Signals:

• 100% Barchart technical buy signal
• Trend Spotter (tm) buy signal
• 13 new highs and up 12.18% in the last month
• 5 new highs and up 7.69% in the last 5 trading session
• Relative Strength Index is 85.60% and rising
• Trades around 59.45 with a 50 day moving average of 51.71