Some Additions to mu portfolio

Earlier in the week before the recent market correction I made a few buys in the Barchart Van Meerten New High Portfolio.  The additions were Equity Residential (EQR), Bed Bath & Beyond (BBBY) and Nippon Telegraph and Telephone (NTT).  They have moved a little since then but I think they are still sound.

Equity Residential (EQR)

Barchart technical indicators:

• 72% Barchart technical buy signal
• Trend Spotter hold signal
• Above its 2, 50 and 100 day moving averages
• 15 new highs and up 2.84% in the last month
• Relative Strength Index 53.75%
• Barchart computes a technical support level at 64.40
• Recently traded at 64.80 with a 50 day moving average of 63.05

Bed Bath & Beyond (BBBY)

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 100 day moving average
• 14 new highs and up 10.06% in the last month
• Relative Strength Index 62.98%
• Barchart computes a technical support level at 62.54
• Recently traded at 63.13 with a 50 day moving average of 60.67

Nippon Telegraph and Telephone (NTT)

Barchart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 6.54% in the last  month
• Relative Strength Index 59.04%
• Barchart computes a technical support level at 33.39
• Recently traded at 33.28 with a 50 day moving average of 31.40

In the most recent Marketocracy rankings this portfolio beat 97.9% of the 100,000 portfolios they review and beat 90.4% for the 5 year period.

5 Large Caps with Momentum

Today I used Barchart to sort the S&P 500 Large Cap Index to find the stocks that had price advances in at least 50% of the trading sessions in the last month.  I then eliminated the stocks that did not have positive returns in the last week and month and used the Flipchart feature to review the charts.

Today's list includes Apartment Investment and Management (AI), Equity Residential (EQR), Baker Hughes (BHI), Boston Properties (BXP) and Edison International (EIX):

Apartment Investment and Management (AIV)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 13.03% in the last month
• Relative Strength Index 76.57%
• Barchart computes a technical support signal at 29.55
• Recently traded at 29.81 with a 50 day moving average of 26.68

Equity Residential (EQR)

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 8.21% in the last month
• Relative Strength Index 78.71%
• Barchart computes a technical support level at 56.99
• Recently traded at 57.97 with a 50 day moving average of 53.56

Baker Hughes (BHI)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 13.87% in the last month
• Relative Strength Index 72.57%
• Barchart computes a technical support level at 58.35
• Recently traded at 60.42 with a 50 day moving average of 54.97

Boston Properties (BXP)

Barchart technical indicators:

• 80% Barchart technical buys signals
• Trend spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 5.18% in the last month
• Relative Strength Index 64.22%
• Barchart computes a technical support level at 48.25
• Recently traded at 49.64 with a 50 day moving average of 46.64

Edison International (EIX)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 9.72% in the last month
• Relative Strength Index 74.47%
• Barchart computes  a technical support level at 48.25
• Recently traded at 49.64 with a 50 day moving average of 46.64