New High Portfolio Changes

Today I made several changes in the Barchart Van Meerten New High portfolio for negative price momentum.  I deleted McCormick (MKC), Verizon Communications (VZ), Sciquest (SQI), Realty Income (O), Ventas (VTR) and Southern Company (SO):

McCormick (MKC)

Barchart technical indicators:

• 56% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 7.99% off its 1 year high
• Relative Strength Index 29.15%

Verizon Communications (VZ)

Barchart technical indicators:

• 40% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 10.62% off its 1 year high
• Relative Strength Index 30.56%

Sciquest (SQI)

Barchart technical indicators:

• 40% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 14.92% off its 1 year high
• Relative Strength Index 39.06%

Realty Income (O)

Barchart technical indicators:

• 60% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 20.80% off its 1 year high
• Relative Strength Index 23.20%

Ventas (VTR)

Barchart technical indicators:

• 40% Barchart short term sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 15.75% off its 1 year high
• Relative Strength Index 25.83%

Southern Company (SO)

Barchart technical indicators:

• 80% Barchart short term technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 10.03% off its 1 year high
• Relative strength Index 26.45%

McCormick and Co - MKC - buy signals

Today I added McCormick & Co (MCK) to the Barchart Van Meerten New High portfolio for positive price momentum:

Barchart technical indicators:

• 64% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 5.74% in the last month
• Relative Strength Index 58.29%
• Barchart computes a technical support level at 64.78
• Recently traded at 65.42 with a 50 day moving average of 64.37