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

IFAN Financial and Cytokinetics - Sell Signals

Today I deleted IFAN Financial (IFAN) and Cytokinetics (CYTK) from the   Barchart Van Meerten Speculative portfolio for negative price momentum.

IFAN Financial (IFAN)

Barchart technical indicators:

• 24% technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 88.50% off ts recent high
• Relative Strength Index 45.05%
• Recently traded at .1161 which is below its 50 day moving average of .1352

Cytokinetics (CYTK)

Barchart technical indicators:

• 48% technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 27.54% off its recent high
• Relative Strength Index 37.82%
• Recently traded at 9.43 which is below its 50 day moving average of 10.94

4 Speculative Buys

Some of you like to buy low priced speculative issues.  Low priced stock fluctuate wildly so in an effort to smooth things out a bit I used Barchart to screen stocks trading for under $10 first by the number of new highs they made in the last month, then for technical buy signals of 80% or better then again for a 50-100 Day MACD Oscillator buy signal.  As always I use the Flipchart feature to review the charts.

The stocks added to the Barchart Van Meerten Speculative portfolio today are Dara Biosciences (DARA), Ifan Financial (IFAN), Bank of Commerce (BOCH) and AXT Inc (AXTI).

Dara Biosciences (DARA)

Barchart technical indicators:

• 88% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 15.00% in the last month
• Relative Strength Index 63.72%
• Barchart computes a technical support level at .89
• Recently traded at .92 with a 50 day moving average of .86

Ifan Financial (IFAN)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 144.05% in the last month
• Relative Strength Index 69.66% 
• Barchart computes a technical support level at .1877
• Recently traded at .2050 with a 50 day moving average of .1025

Bank of Commerce (BOCH)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 20.97% in the last month
• Relative Strength Index 80.02%
• Barchart computes a technical support level at 7.01
• Recently traded at 7.27 with a 50 day moving average of 6.22

AXT Inc (AXTI)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 9.01% in the last month
• Relative Strength Index 65.48%
• Barchart computes a technical support level at 2.37
• Recently traded at 2.42 with a 50 day moving average of 2.19