More Housecleaning

I try to make sure I review all my stocks at least once a week. I also try my hardest to be disciplined and not fall in love with any stock or needlessly hope for a rebound.  My trigger points of concern are a Trend Spotter sell signal, a drop below 10% of its most recent high and/or continued trading below its 50 day moving averages.  Any one signal can cause a concern and I might sell but if all 3 are there then its almost a no brainer; that the stock is a loser.  My last step is to review the chart before I make my final decision.

On the other hand, this isn't a perfect world and sometimes I miss noticing my trigger points.  Even worse I put in a Market Good Till Cancel and almost immediately after its executed the stock rebounds.  At other times, the stock is so thinly traded at all my order can't be immediately executed and the stock tanks while my executions come dribbling in.  Such is life in the big city.

On Saturday I placed Market Good Till Cancel orders on these stocks in the Barchart Van Meerten Speculative portfolio and my executes are dribbling in:  Cell Therapeutics (CTIC), Glowpoint (GLOW), Anooraq Resources (ATL), America Realty Investors (ARL), Gravity Co (GRVY), Hill International (HIL), North American Energy Partners (NOA), Energy Recovery (ERII), Sypris Solutions (SYPR), Inventure Foods (SNAK):

NOTE: Some of these stocks moved yesterday and this morning before I could get this article published

Cell Therapeutics (CTIC)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 35.53% off its recent high
• Relative Strength Index 46.39%

Glowpoint (GLOW)

Barchart technical indicators:

• 88% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 32.02% off its recent high
• Relative Strength Index 42.82%

Anooraq Resources (ATL)

Barchart technical indicators:

• 96% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 42.62% off its recent high
• Relative Strength Index 21.16%

American Realty Investors (ARL)

Barchart technical indicators:

• 67% Barchart technical sell signals
• Trend Spotter buy signal
• Below its 20, 50 and 100 day moving averages
• 40.58% off its recent high
• Relative Strength Index 42.90%

Gravity Co (GRVY)

Barchart technical indicators:

• 80% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 37.98% off its recent high
• Relative Strength Index 39.23%

Hill International (HIL)

Barchart technical indicators:

• 64% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 25.76% off its recent high
• Relative Strength Index 38.11%

North American Energy Partners (NOA)

Barchart technical indicators:

• 40% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 12.59% off its recent high
• Relative Strength Index 33.76%

Energy Recovery (ERII)

Barchart technical indicators:

• 80% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 25.89% off its recent high
• Relative Strength Index 39.36%

Sypris Solutions (SYPR)

Barchart technical indicators:

• Barchart technical hold signals
• Trend Spotter hold signal
• Below its 20 day moving average
• 19.23% off its recent high
• Relative Strength Index 50.94%

Inventure Foods (SNAK)

Barchart technical indicators:

• 48% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 21.72% off its recent high
• Relative Strength Index 45.87%

I may not be right in all cases but I hope you can see that these stock were not adding any value to my portfolio.

Buy Signals - American Electric Technologies. Inventure Foods, Intralinks Holdings

Today I added American Electric Technologies (AETI), Inventure Foods (SNAK) and Intralink Holdings (IL) to the Barchart Van Meerten Speculative portfolio for positive price momentum, great technical indicators and charts.  I found the stocks using Barchart to sort the stocks hitting New Highs and trading below $10, then sorted for frequency.

American Electric Technologies (AETI)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signals
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 21.26% in the last month
• Relative Strength Index 84.63%
• Barchart computes a technical support level at 7.35
• Recently traded at 7.70 with a 50 day moving average of 6.33

Inventure Foods (SNAK)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 16.64% in the last month
• Relative Strength Index 81.38%
• Barchart computes a technical support level at 8.56
• Recently traded at 8.97 with a 50 day moving average of 7.77

Intralinks Holdings (IL)

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 an d100 day moving averages
• 14 new highs and up 36.48% in the last month
• Relative Strength Index 91.15%
• Barchart computes a technical support level at 8.01
• Recently traded at 8.54 with a 50 day moving average of 6.40