Barchart Van Meerten Speculative Portfolio Changes

This past week I made some deletions to the Speculative Portfolio.  These were not all out sells to dump stocks.  I watch to see if the stock is trading below its 20, 50 and 100 day moving averages and if it has dropped 10% off its recent high.  Another indicator is the 50-100 Day MACD Oscillator.

I watch and evaluate each stock on an individual basis.  I come back in when I think market conditions are right for upside potential.  Usually that is when at least 50% of all the stocks in the Barchar database are trading above their 20 and 50 day moving averages.

As I am writing this article only 15.45% are above their 20 DMA and only 12.44% are above their 50 DMA.

I own:

• FSRL First Reliance Bank
• FNRN First Northern Comm Bank
• STBMY St Babara

I sold:

• ABCD Cambian Learning
• AXTI AXT
• BOCH Bank of Commerce
• CACD Cascade Bancorp
• CNTY Century Casinos
• EVSNF Eglit Vision Systems
• GROC Gradac Favo AD Kladovo
• IFAN IFAN Financial
• JE Just Energy
• MPUFC Monte Porcupine Mining
• ONVC OnLine Vacations
• PGNT Paragon Tech
• PRMO Primo Water
• SCMR Sycamore Networks
• SGSVF Sabina G&S

FNMFN GROC SCMR TKOI SELL SIGNALS

Today I deleted Federal National Mortgage Association (FNMFN), Gradac Favro AD Kladoro (GROC), Sycamore Networks (SCMR) and Telkonet (TKOI) from the  Barchart Van Meerten Speculative portfolio for negative price momentum.

The portfolio contains stocks priced below $10 a share that are hitting new highs and trading above their 20, 50 and 100 day moving averages.

Federal National Mortgage Association (FNMFN)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Trading below its 20, 50 and 100 day moving averages
• 22.42% off its recent high
• Relative Strength Index 35.77%
• Recently traded at 7.5000 which is below its 50 day moving average of 8.7510

Gradac Favro AD Kladoro (GROC)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 73.49% off its recent high
• Relative Strength Index 36.92%
• Recently traded at .0057 which is below its 50 day moving average of .0104

Sycamore Networks (SCMR)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 26.59% off its recent high
• Relative Strength Index 31.68%
• Recently traded at .4900 which is below its 50 day moving average of .5484

Telkonet (TKOI)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 26.79% off its recent high
• Relative Strength Index 35.82%
• Recently traded at .2050 which is below its 50 day moving average of .2456

Buy Signals - STBMY MPUCF FNMAI GROC PRMW

Today I added St. Barbara (STBMY), Montea Porcupine Mines (MPUCF), Federal National Mortgage Services (FNMAI), Great Rock Development (GROC) and Primo Water (PRMW) to the Barchart Van Meerten Speculative portfolio for positive price momentum.  Please note that these are highly speculative, thinly traded and not followed by mainstream analysts.  These are just stocks that appeared on my screener of over 10,000 tradeable stocks.

St Barbara (STBMY)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 438.60+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 67.71% in the last month
• Relative Strength Index 80.18%
• Barchart computes a technical support level at 4.9140
• Recently traded at 4.9140 with a 50 day moving average of 2.4745

Moneta Porcupine Mines (MPUCF)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 70.42+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 10 day moving averages
• 6 new highs and up 40.44% in the last month
• Relative Strength Index 64.67%
• Barchart computes a technical support level at .0913
• Recently traded at .0948 with a 50 day moving average of .0616

Federal National Mortgage Services (FNMAI)

Barchart technical indicators:

• 80% Barchart technical buy signals
• 63.35 Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 7 new highs and up 11.52% in the last month
• Relative Strength Index 69.03%
• Barchart computes a technical support level at 4.8233
• Recently traded at 5.1300 with a 50 day moving average of 4.5402

Great Rock Development (GROC)

Barchart technical indicators:

• 48% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 50 and 100 day moving averages
• 7 new highs and up 66.67% in the last month
• Relative Strength Index 51.23%
• Barchart computes a technical support level at .0085
• Recently traded at .0101 with a 50 day moving average of .0074

Primo Water (PRMW)

Barchart technical indicators:

• 96% Barchart technical buy signals
• 134.30+ Weighted Alpha
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 23.61% in the last month
• Relative Strength index 81.19%
• Barchart computes a technical support level at 8.23
• Recently traded at 8.67 with a 50 day moving average of 7.02