Time to clean house

I put in sell orders in the Barchart Van Meerten New High portfolio for the following stocks:  Weingarten Realty Investors (WRI), Omega Healthcare Income (OHI), National Health Investors (NHI), Ventas (VTR), Cubemart (CUBE), Cedar Shopping Centers (CDR), Thomas Reuters (TRI), Bed Bath & Beyond (BBBY):

Weingarten Realty Investors (WRI)

Barchart technical indicators:

• 72% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 10 day moving averages
• 10.66% off its recent high
• Relative Strength Index 37.09%
• Recently traded at 34.61 which is below its 50 day moving average of 36.48

Omega Healthcare Income (OHI)

Barchart technical indicators:

• 72% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 15.22% off its recent high
• Relative Strength Index 36.35%
• Recenty traded at 38.56 which is below its 50 day moving average of 41.67

National Health Investors

Barcart technical indicators:

• 72% Barchart technical buy signals
• Trend Spotter buy signal
• Below its 20, 50 and 100 day moving averages
• 12.11% off its recent high
• Relative Strength Index 32.44%
• Recently traded at 67.65 with a 50 day moving average of 72.55

Ventas (VTR)

Barchart technical indicators:

• 72% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 14.48% off its recent high
• Relative Strength Index 27.59%
• Recently traded at 70.14 which is below ts 50 day moving average of 76.29

Cubemart (CUBE)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 13.34% off its recent high
• Relative Strength Index 30.17%
• Recently traded at 22.34 which is below its 50 day moving average of 23.96

Cedar Shopping Centers (CDR)

Barchart technical indicators:

• 56% Barchat technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 14.00% off its recent high
• Relative Strength Index 34.21%
• Recently traded at 7.19 which is below its 50 day moving average of 7.65

Thomson Reuters (TRI)

Bachart technical indicators:

• Barchart technical hold signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 4.80% off its recent high
• Relative Strength Index 49.88%
• Recently traded at 39.50 which is below its 50 day moving average of 39.48

Bed Bath & Beyond (BBBY)

Barchart technical indicators:

• 8% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 6.08% off its recent high
• Relative Strength Index 45.92
• Recently traded at 74.80 which is below its 50 day moving average of 76.07

National Health Investors - Barchart Chart of the Day

National Health Investors (NHI) is the Barchart Chart of the Day.  The health care REIT has a Trend Spotter buy signal, a Weighted Alpha of 31.30+, gained 29.46% in the last year and paid a 4.30% dividend.

The Chart of the Day belongs to National Health Investors (NHI).  I found the REIT by sorting the All Time New High list for the stocks having the most frequent new highs in the last month, then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/16 the stock gained 20.60%.

National Health Investors, Inc. is a real estate investment trust which invests in income producing health care properties primarily in the long-term care industry. The company provides current income for distribution to stockholders through investments in health care related facilities, including long-term care facilities, acute care hospitals, medical office buildings, retirement centers and assisted living facilities.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 11.69% in the last month
• Relative Strength Index 78.13%
• Barchart computes a technical support level at 70.89
• Recently traded at 73.54 with a 50 day moving average of 67.29

Fundamental factors:

• Market Cap $2.43 billion
• P/E 17.71
• Dividend yield 4.30%
• Revenue expected to grow 47.00% this year and another 22.60% next year
• Earnings estimated to increase 17.70% this year, an additional 11.00% next year and continue to increase at an annual rate of 6.30% for the next 5 years
• Wall Street analysts issued 1 string buy, 1 buy and 5 hold recommendations on this stock

I'd hold this stock as long as it has a positive total rate of return.

Swimming against the Tide

Those of you who follow my Daily Picks column in Barchart.com may have noticed that I have not posted any Daily Picks in a few days.  There has been a reason for that.  I thought the market was unstable and didn't want anyone buying into an unstable market.

Believe it or not although I am a momentum investor my main goal is capital preservation.  I'm over 65 and have accumulated a sizable portfolio I intend to live off of for the rest of my life.  I strictly sell stocks that are not meeting my price momentum expectations and only buy in when the market is trading above its 20, 50 and 100 day moving averages.  The Market Momentum page on Barchart makes it easy for me to determine when that point is.

The picks today are not buy picks but are for informational purposes.  Yesterday 381 stocks were on the New High list for the last month.  These are the ones I think you should put on your watch list.

The list includes First Potomac Realty Trust (FPO), Incyte Corp (INCY), Apollo Residential Mortgage (AMTG), National Health Investors (NHI) and an unrated stock American Airlines Group (AAL).   Barchart does not apply their technical trading indicators until a stock has at least 6 months of trading activity under its belt.

First Potomac Realty Trust (FPO)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 11.64% in the last month
• Relative Strength Index 78.39%
• Barchart computes a technical support level at 12.95
• Recently traded at 12.95 with a 50 day moving average of 11.94

Incyte Corp (INCY)

Barchart technical indicators:

• 96% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 17 new highs and up 31.40% in the last month
• Relative Strength Index 71.70%
• Barchart computes  technical support level at 64.78
• Recently traded at 66.48 with a 50 day moving average of 53.09

Apollo Residential Mortgage (AMTG)

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy  signals
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 9.38% in the last month
• Relative Strength Index 70.55%
• Barchart computes a technical support level at 15.71
• Recently traded at 15.8 with a 50 day moving average of 15.19

National Health Investors (NHI)

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and100 day moving averages
• 15 new highs and up 10.48% in the last month
• Relative Strength Index 71.90%
• Barchart computes a technical support level at 61.46
• Recently traded at 62.75 with a 50 day moving average of 58.44

American Airlines Group (AAL)

Barchart technical indicators:

• Does not have a 6 month trading history so it is unrated
• Trading above its 20 and 50 day moving averages
• 14 new highs and up 30.79% in the last month
• Relative Strength Index 71.85%
• Recently traded at 33.27